DPR pushes for 30% reduction in oil production cost

narrative of ‘end of oil’ era and jettison the development of its resources. Africa’s resources must be used to fuel Africa’s development; the same 5 ways other continents utilised dirtier fossil fuels to fuel their economic transformation. To achieve this, we must take our destinies in our hands and join hands across all spectrum – technical, economic, legal commercial, operational, financial, and political – drive regional energy security and economic sustainability”.

As a country, he said Nigeria recognises the reality of energy transition and is committed to accelerated development of its petroleum resources through the emplacement of appropriate legal framework to support upstream asset acquisition, development, production, and exports.