FG to automate export permit processing in oil & gas industry

On Friday, the Minister of Industry, Trade, and Investment, Dr. Doris Anite, championed the call for the automation of the process of issuing export permits in Nigeria.

Speaking at the Oil and Gas Stakeholders Meeting in Abuja, the Minister said the meeting was a collaborative strategy to foster growth in the sector.

“We are all here to discuss issues around export, how to improve, and how to ensure that export proceeds come back timely and efficiently.

“It was a very fruitful discussion; we resolved a lot of issues and obstructions to service delivery in the sector. At the end of the day, we resolved that one: We will automate the sector in regard to export permits.

“We have all agreed to have a single platform across all the ministries to improve the process. We also discussed the need to have a backward integrated programme to support industrialization in the sector, especially in the area of petrochemical development and refinement.”.

She expressed the commitment of the government to ease administrative processes that are time-consuming and obstructing the speedy return of investments in the energy sector of the country.

Anite hinted that the stakeholders’ meeting will, from now on, be held regularly for feedback and enforcement.

Also speaking at the stakeholder meeting, the representative of the Central Bank of Nigeria, the Director of Tade and Exchange, Dr. Hassan Mahmud, said collaboration is critical to the development of the oil and gas sector.

“We do the regulations, monitoring, and evaluation, but others are the operators in the system; there is a need for clear communication among all the stakeholders.”.

On his part, the Chairman of Operations and Terminal Subcommittee of the Oil Producers Trade Section (OPTS), Wasiu Olayiwola, said, “We are the operators in the industry.

“We are here to collaborate with the government to fast-track the process of resolving challenges facing the oil and gas sector.”.

He listed some of the current challenges in the sector, including delays in the issuance of export permits and the repatriation of export proceeds and assets.

“We all agreed to collaborate to move the industry forward so that, at the end of the day, this country will become better for all of us,” he stated.

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