The Chairman of the Petroleum Technology Association of Nigeria (PETAN), Wole Ogunsanya, has called for the privatisation of Nigeria’s oil and gas pipelines. He made this suggestion at the Nigeria International Pipeline and Security Conference (NIPITECS) in Abuja, stating that private ownership would improve efficiency and sustainability in the oil and gas sector.
A “Commonwealth Solution” for Pipelines
Ogunsanya proposed a model where private investors would own 51% of the country’s pipelines, with companies like NNPC Ltd. and the Independent Petroleum Producers Group (IPPG) holding shares. He pointed to the successful example of the Nigeria Liquefied Natural Gas (NLNG) project, which has been a strong pillar in the industry.
“This approach would help ensure that critical infrastructure is managed efficiently and remains sustainable,” Ogunsanya said. He also emphasised the need for more LNG facilities and increased gas production to strengthen the sector.
Addressing Energy Security and Economic Growth
Ogunsanya highlighted the importance of energy security, linking it to essential services like healthcare, education, and infrastructure. He noted that Nigeria’s life expectancy, currently at 54.46 years, reflects the country’s lack of adequate energy access. “Oil and gas are still key drivers of Nigeria’s economic growth,” he added, urging increased capacity across the entire value chain, from exploration to distribution.
Local Content and Capacity Building
The PETAN chairman praised indigenous companies for their efforts in promoting local content and creating jobs. He stressed that building local capacity would help position Nigeria as a top global economy and foster long-term economic benefits.
Focus on Renewable Energy
Ogunsanya also encouraged investment in local solar technology, highlighting the growing adoption of solar energy across Nigeria. He called for stakeholders to prioritise locally made solar products to reduce dependence on imports.
Privatising Nigeria’s pipelines, Ogunsanya believes, could transform the oil and gas sector, ensuring efficiency, sustainability, and increased investment. With the right policies and a focus on local content, Nigeria can harness its energy resources to drive economic growth and improve the lives of its citizens.