The Chief Executive Officer of Eunisell Limited, Mr. Ken Okeiyi has called for full domestication of operations in Nigeria’s oil and gas sector, saying that such move was important for growth and development of the sector.
He made the call in a key note address he delivered at the opening ceremony of the 2024 Annual International Conference of the Nigerian Association of Petroleum Explorationists(NAPE) held at Eko Hotel Lagos.
“The domestication of oil and gas operations is not only a pathway to economic empowerment but a necessity for safeguarding Nigeria’s energy future,” he said.
The 2024 conference with the theme: ‘Resolving the Nigerian Energy Trilemma: Energy Security, Sustainable Growth, and Affordability’, brought together stakeholders from the energy industry.
Okeiyi, who presides over the affairs of a chemical and production solutions company, stressed the critical importance of implementing local content regulations and building the capacity of indigenous companies to drive the sector’s growth.
He highlighted the strategic role of indigenous firms in fostering a sustainable energy future while addressing the nation’s unique challenges.
“In an era where energy security and growth are paramount, we must prioritise the development of indigenous capabilities to domesticate the oil and gas value chain. You can’t control what you don’t domesticate,” he said.
The Unisell CEO explained that strengthening local content is essential to achieving a resilient energy industry capable of meeting national demand while remaining globally competitive.
He acknowledged the ongoing contributions of domestic operators to the growth of industry and called for enhanced collaboration among stakeholders, policymakers, and the private sector to create a more self-reliant energy landscape.
Eunisell Limited, which a critical stakeholder r in the industry, has always advocated for capacity building within Nigeria’s oil and gas sector.
The firm’s continued support for local content initiatives aligns with broader national objectives aimed at fostering technological innovation, job creation, and reducing dependency on imported resources.
This company policy was underscored by the Hroup Managing Director of Eunisell Limited, Chika Ikenga in a chat with newsmen on the sidelines of the conference.
“At Eunisell, we are deeply committed to strengthening Nigeria’s oil and gas industry by investing in homegrown expertise and solutions,” he said.
“Supporting initiatives that prioritize local involvement is not only vital for economic growth but also essential for creating jobs and reducing our reliance on imports.”
The NAPE 2024 conference serves as a critical platform for addressing the evolving dynamics of Nigeria’s energy sector.
Eunisell Limited’s proposition stresses the importance of leveraging indigenous talent and resources to navigate the complexities of energy security, affordability, and growth.