• Contact Us
  • About Us
Monday, September 14, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Economy

Senate calls for computerization of Oil Sector

metro by metro
November 28, 2019
in Economy, Energy
0
oil
0
SHARES
0
VIEWS

oilThe Senate on Thursday urged President Muhammadu Buhari to initiate the process of computerising the nation’s oil sector.

This, according to the Senate, is to curb the multifaceted challenges associated with the oil and gas production, transportation, and sales business in the country.

Read Also

Ghana’s Economy Expands 6% In Second Quarter, Driven By Communications Sector

Concerns Grow Over Wide Gap Between Tinubu’s $50bn FDI Pledges Against $2.06bn Actual Inflows

NERC Orders DisCos To Channel 60 Percent Operational Revenue Into CapEx

It also mandated its joint committee on petroleum up stream, downstream and gas resources to convene a public hearing to ascertain the quantity of oil and gas produced daily and the quality control mechanism engaged by NNPC.

Other task for the committee is to determine the amount of waste of petroleum products through pilfering, pipeline vandalisation and leakages, and international best practices of computerized oil and gas business management, including pipeline protection and quantity and quality control.

The resolutions were reached after the Senate adopted a motion sponsored by Senator George Sekibo (PDP, Rivers East) and 29 others on the “need to install computerized oil facilities management gadgets for Nigerian crude oil businesses.”

Presenting the motion, Sekibo said it was of concern that while other countries in the same business venture have gone digital for the past 50 years, Nigeria is still using analogue technology in doing its petroleum technology.

“We still use human beings (4 persons) to monitor a kilometer of pipeline, giving undue opportunities to oil pilfered, giving rise to unnecessary pipeline explosion, causing deaths and unquantifiable loss of products and other human valuables,” he said.

He regretted that Nigeria with over 61 years in oil business could not give account of total amount of products produced, sold, wasted and lost through pilfering, or pipeline vandalization.

He said petroleum products business should have been given priority attention in terms of protection, expansion, quantity and total quality control especially with oil as the mainstay of Nigeria’s income and foreign reserves.

He said Nigeria is the biggest oil producer in Africa with maximum capacity of of about 2.5 million per barrel, but noted that, “this meager quantity is always under attack through pipeline vandalism and oil platform theft which has reduced quantity produced”.

Sekibo said, “one key area of fighting corruption is through effective management of resource itself, that is the source of revenue just as this administration emphasizes on the fight against revenue pilfering by the operators”.

“The computerization of oil management system assist in the pipeline protection, trigger off alarms when any section of the pipeline is disturbed for whatever reason. The system detects if there is a weak section, captures suspected intruders on the pipeline, and are equipped with fire fighting gadgets in the event of fire outbreak”.

In his remarks before its adoption, Senate President, Ahmad Lawan described the motion as ” genuine effort to ensure that we are not short changed as a country.”

Tags: oil sector
Previous Post

Senate wants states to dedicate funds for border communities

Next Post

ILO set to review SDGs, African Union Agenda

Related Posts

Ghana May Lose $3.8Bn World Bank Funding Over Anti-LGBTQ+ Bill
Economy

Ghana’s Economy Expands 6% In Second Quarter, Driven By Communications Sector

September 9, 2026
Nigerians Expect Currency Swap Deal, $70m Dispute Resolution As Tinubu Visits China
Economy

Concerns Grow Over Wide Gap Between Tinubu’s $50bn FDI Pledges Against $2.06bn Actual Inflows

September 9, 2026
NERC Threatens Tougher Sanctions Against DisCos Over Low Power Supply
Energy

NERC Orders DisCos To Channel 60 Percent Operational Revenue Into CapEx

September 7, 2026
Multinational Exit Masks Nigeria’s $54bn External Reserve Surge
Economy

Multinational Exit Masks Nigeria’s $54bn External Reserve Surge

September 5, 2026
Next Post

ILO set to review SDGs, African Union Agenda

Houthi Advance In Yemen Puts U.S. In New Bind

Houthi Advance In Yemen Puts U.S. In New Bind

September 12, 2026
FG Insists King’s College Not Sold As Education Unions Suspend Resumption Nationwide

FG Insists King’s College Not Sold As Education Unions Suspend Resumption Nationwide

September 12, 2026
COAS Shaibu: Yesterday’s Solitions May Not Address Tomorrow’s Security Threats

COAS Shaibu: Yesterday’s Solitions May Not Address Tomorrow’s Security Threats

September 12, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version