The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that Nigeria’s oil and gas sector has been under the control of a few interest groups who have locked it down for so long, The Punch reports.
He, however, stated that the Federal Government, through his ministry, was working hard to unlock the sector by showing more interested persons the various layer of opportunities in the industry. Kachikwu stated this on Thursday at the headquarters of the Federal Ministry of Petroleum Resources in Abuja, while receiving the ‘New Nigerian Oil and Gas Sector Governance Policy’ report that was put together by professional Nigerians in the Diaspora from the Aberdeen Contingent.
The minister said one of the ways of unlocking the sector was through the 7BigWins policy that was released recently by the ministry. A member of the Aberdeen Contingent and Chairman, Nigerians in Diaspora Organisation, Dr. Paul Eke, told the minister that over 70 Nigerian oil and gas professionals convened a conference before coming out with the report that was presented to the ministry. He stated that if recommendations contained in the report were implemented, there would be significant improvement in the oil and gas sector in the short term.