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The Department of Petroleum Resources ( DPR) has listed five ways to fortify the Nigerian oil and gas sector for economic stability and growth.


The Director and Chief Executive Officer of DPR, Mr Sarki Auwalu said while presenting a keynote address at the 20th Nigeria oil and gas conference, in Abuja on Tuesday that “The areas are legal, institutional, financial, in-sector diversification and indigenous capacity.”


The theme of the conference is: “Fortifying the Nigeria oil and gas sector for Economic Stability.”


Auwalu said the DPR would remain committed to the development of oil and gas sector for economic growth and development.


“For us in the DPR, we contemplate five broad areas in which the industry needs to support the nation for economic growth and stability.


“And I have to say that with the focused leadership of President Muhammadu Buhari and the Minister of State for Petroleum Resources, Chief Timipre Sylva, the key fundamental issues on growth are being addressed.“


According to him, under the legal front, the long-awaited Petroleum Industry Bill (PIB) that has been passed will enhance clarity in legislative, regulatory, fiscal and administrative frameworks.


He said that evolving commercial institutions would be strengthened for efficiency, prudent management, financial stewardship and operational management.


“At the same vein, the regulatory institutions should be strengthened to streamline roles, prevent duplication and promote ambition that will promote regulatory clarity in rules of doing business.


“The overall industry financial provision must be improved for sustainability to protect the oil and gas production level, “he said.


Auwalu noted that millions of dollars were required for investment in infrastructure in the deep offshore, inland basin, frontier basins, marginal field development and gas infrastructure, among others.


He added that investments in the NLNG train 7, AKK gas pipeline project, among others were an indication of an improved business model in the country.


He noted that a stable and legal fiscal operation was critical for improved investment in businesses in Nigeria.


” We have confidence that with the passage of the PIB, existing operators and second generation International Oil Companies will have the reason to consolidate their business in the country.


“In a related sense, the concept of in sector diversification must take on to add impetus to economic stability and growth,” Auwalu added.


He noted that economic diversification entails many things adding that the industry must look inwards to drive value for growth and stability.


Commenting on gas, he said that Nigeria must work hard to ensure it witnessed all the benefits of huge gas deposit in the country.


” We need to benchmark our country with the other Organisation of the Petroleum Exporting Countries, espcially with their contributions to the Gross Domestic Product. We know that most of them are far in their contributions than us.


“Gas is everywhere and using it as a transition fuel, we must use it to add value, create wealth and build indigenous capacity, “he said.



The Nigerian Institute of Animal Science (NIAS) and Premier Agribusiness Academy (PAA) have identified shortage of maize and soybean; which are the two most important ingredient used in poultry feed as the main factor crippling the poultry sector in Nigeria.


Registrar / CEO, Nigeria Institute of Animal Science (NIAS), Professor Eustace Iyayi, while addressing stakeholders during a collaborative meeting held with Premier Agribusiness Academy (PAA) and the International Institute of Tropical Agriculture (IITA) in Ibadan, Oyo state said, the unavailability of quality and affordable livestock feed to farmers can be attributed to the shortfall in local production of maize and soybean in the country.


According to him, it became imperative for NIAS to pay attention to livestock feed production in order to avoid livestock starvation, unprofitability and indebtedness of farmers especially those still struggling to remain in business.


He pointed out that the solution to this lingering scarcity and high price of maize and soybean is to increase local production through farmer participation.


Iyayi explained that, if farmers can be properly trained on global best practices in feed production, individual farmers will be able to independently make quality feeds needed for his livestock consumption.


He appealed for the collaboration of IITA in this regard.


The DG, PAA, Francis Toromade assured that, PAA is ready to help train farmers on global most impactful practices (MIP) in maize and soybean production with the assistance of IITA.


According to him, IITA is renounced for quality research which has helped transform and develop agriculture practices all over the world.


Speaking on behalf of IITA, the Head, Capacity Development Office, Sougrynoma Zainatou Soré expressed readiness to work with PAA and NIAS by supplying research documents used by IITA in improving its yield per hectare for soybean production and maize. She expressed confidence that with the professionalism and reputation of PAA in the conduct of agricultural trainings, farmers will soon have the ability to independently produce maize and soybean for their livestock feed and ameliorate the shortage of these critical produce in Nigeria.


The meeting which held at Capacity Development Office, IITA had also in attendance, Dr. Silvestro Meseka and Dr. Abush Tesfaye Abebe, who are Maize Associate Scientist and Soybean breeder respectively.


Recall that PAA and IITA recently signed a collaborative agreement for the purpose of private sector and farmer capacity building.


The MoU allows the two institutions to exchange information in areas of human capacity development on the most impactful practices (MIP) on IITA’s core mandate crops that will impact private sector stakeholders in the agricultural value chain and farmers in Nigeria thereby bringing about higher produce, farmer profitability and ultimately food security.