The Nigeria Extractive Industry Transparency Initiative (NEITI) says the creation of the National Oil and Gas Excellence Centre (NOGEC) has substantially addressed concerns over the country\u2019s crude production data.<\/p>\n\n\n
Dr Ogbonnaya Orji, Executive Secretary, NEITI, made the disclosure while speaking with newsmen after a visit to the centre on Wednesday in Lagos.<\/p>\n\n\n
Orji said NEITI was committed to entrenching transparency and accountability in not only the petroleum sector but in other areas such as mining to ensure judicious utilisation of the nation\u2019s resources.<\/p>\n\n\n
He said: \u201cIt is a very expository visit and I am proud that I came to an agency that has upgraded. An agency that is now current in data and information.<\/p>\n\n\n
The Department of Petroleum Resources has done a lot of investment in data which I have seen.<\/p>\n\n\n
\u201cThe NOGEC has addressed substantially the fears of NEITI on data in terms of crude produced, imported, transported and also in terms of tracking real time, the development in the oil and gas sector.<\/p>\n\n\n
\u201cThe DPR has responded extensively to some of the gaps NEITI believes need to be addressed.<\/p>\n\n\n
\u201cOur concern that we do not know how much crude Nigeria is producing has been substantially addressed.<\/p>\n\n\n
\u201cNEITI just don\u2019t raise alarm in a vacuum. We raise alarm for processes to change, lapses to be addressed and the DPR is on the verge of addressing that,\u201d Orji said.<\/p>\n\n\n
He, however, noted that oil theft was still a challenge which required collaboration of not just the DPR and NEITI but other relevant agencies.<\/p>\n\n\n
Orji said the automation of the processes would enhance transparency and improve investors\u2019 confidence in the sector.<\/p>\n\n\n
Also speaking, Mr Sarki Auwalu, Director, DPR, disclosed that more investors had indicated interest in the oil and gas industry following the recent inauguration of the centre by President Muhammadu Buhari.<\/p>\n\n\n
Auwalu said the NOGEC complex was structured to house the various flagship centres in order to comprehensively cover key areas of the industry.<\/p>\n\n\n
He said the flagship centres were Search, Rescue and Surveillance (SeRAS) Command and Control Centre and National improved Oil Recovery Centre (NIORC).<\/p>\n\n\n
\u201cOthers are Oil and Gas Alternative Dispute Resolution Centre (ADRC), Oil and Gas Competence Development Centre and Integrated Data Mining and Analytics Centre.<\/p>\n\n\n
\u201cThe ADRC only last week successfully resolved a dispute between parties which has been going on for about 18 years in the court.<\/p>\n\n\n
\u201cWe have other matters before the centre and this is one of the ways we can reduce cost, enhance safety and add value to the industry,\u201d he said.<\/p>\n\n
The Nigeria Extractive Industry Transparency Initiative (NEITI) says the creation of the National Oil and Gas Excellence Centre (NOGEC) has substantially addressed concerns over the country\u2019s crude production data. Dr Ogbonnaya Orji, Executive Secretary, NEITI, made the disclosure while speaking with newsmen after a visit to the centre on Wednesday in Lagos. Orji said NEITI […]<\/p>\n","protected":false},"author":1,"featured_media":26378,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[296,461],"tags":[406],"class_list":["post-30703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-social-economic","category-technology-ict","tag-neiti","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"\n