Petroleum, Power Ministers, stakeholders set for NAEC Conference

The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu and his counterpart in the Ministry of Power, Works and Housing, Mr Babatunde Raji Fashola are expected to make policy statements on government’s plans for the economy, especially in the oil and gas and power sectors respectively at this year’s edition of the National Association of Energy Correspondents (NAEC) Annual Conference.

The conference, with the theme “Low Oil Price: Impacts and the way Forward’’ holds on August 18, 2016, at the banquet hall of Eko Hotel and Suites, Lagos, by 9am.

The sub-themes include “Attracting Investment in the Nigeria’s Oil and Gas Sector’’ with emphasis on “Gas to Power: Challenges and Opportunities.”

This is contained in a press statement issued by NAEC. The association confirmed that captains of industry, legislators, as well as other stakeholders in the petroleum and power industries will be in attendance.

The keynote address and the lead paper will be delivered by the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru.

The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, will deliver the goodwill message while the Minister of Power, Works and Housing, Mr Babatunde Raji Fashola will be the Guest Speaker.

It stated that stakeholders in the oil and gas and power sectors, including International Oil Companies (IOCs), downstream oil and gas operators, independent producers, new owners of the privatised power assets and other stakeholders, would also be at the conference to proffer solutions to issues to be discussed.

These stakeholders, including captains of industry and other industry chief executives as well as the lawmakers, are expected to brainstorm on the ways to attract investment into the oil and sector sector considering the impacts of low oil price regime in Nigeria. They will also brainstorm on finding a lasting solution to the challenges of gas to power.

The conference is expected to provide a veritable platform for the government and the industry operators to rub minds on the ways to address the energy challenges confronting the country.