Group urges government to stamp out gas flaring in Niger Delta
“As complex and difficult as the Nigerian business environment may be described, there are opportunities for improvement and opportunities for growth. That is what we see in OPTS. Working with governments at all levels, we have the responsibility to get the right policies for our people and for the country,” Okunbor added.NextJumia plans big for Black Friday, to gift mouthwatering prizes
The report also noted that preventive costs to safeguard lives and property in Nigeria are significant, adding that Nigeria’s oil and gas operators spend five times more on security than their global peers.
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The two days conference featured academic scholars, guest speakers from non-governmental organisations and civil society organisations who deliberated on various security and environmental challenges in the region and country at large.Rosewood controversy: FG says Amina Mohammed is blameless
A study conducted by the Oil Producers Trade Section (OPTS) of the Lagos Chamber of Commerce and Industry (LCCI) identified these cost drivers to include insecurity, overregulation and bureaucracy; and absence of infrastructure. Indeed, insecurity, especially in the oil-producing Niger Delta region, posed the greatest threat to the survival of the oil and gas industry in Nigeria, inflating the costs of projects beyond global average.