During the opening ceremony of the Nigerian Association of Petroleum Explorationists (NAPE) 2024 Annual International Conference, the company’s Chief Executive Officer, Ken Okeiyi, emphasised the need to strengthen local content and leverage indigenous companies to drive the sector’s growth.
Okeiyi 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,” Okeiyi stated.
He emphasised that strengthening local content is essential to achieving a resilient energy industry capable of meeting national demand while remaining globally competitive.
The expert also acknowledged the improved contributions of domestic operators to the industry but called for enhanced collaboration among stakeholders, policymakers and the private sector to create a more self-reliant energy landscape.
“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 remarked.
