Stake­hold­ers seek more fo­cus on hu­man cap­i­tal de­vel­op­ment

The Punch - - BUSINESS FEATURE | ENERGY -

EX­PERTS in the na­tion’s oil and gas in­dus­try have called on the Fed­eral Gov­ern­ment and other stake­hold­ers to pay more at­ten­tion to hu­man cap­i­tal de­vel­op­ment in the in­dus­try.

They stated this in La­gos at the 3rd Africa Oil and Gas Tal­ent Sum­mit, where the Chair­man, AOGS Ad­vi­sory Coun­cil, Mr Fe­lix Amieye­o­fori, de­scribed hu­man cap­i­tal de­vel­op­ment as crit­i­cal to the growth of the in­dus­try.

“Peo­ple are the real as­sets in any econ­omy,” he said, adding that the na­tion’s oil and gas in­dus­try was in need of very skil­ful man­power to drive op­er­a­tions while de­liv­er­ing value to stake­hold­ers.

Amieye­o­fori said, “Nige­ria ranked 152 out of 157 coun­tries on the World Bank 2018 Hu­man Cap­i­tal In­dex list. Nige­ria shared the bot­tom of the in­dex with coun­tries like Chad, South Su­dan, Niger, Mali, and Liberia.

“Of the 85.08 mil­lion labour force by the third quar­ter of 2017, only 7.14 per cent work in any form of in­dus­try, in­clud­ing the oil and gas in­dus­try.”

The vice Chair­man and In-coun­try Hu­man Re­sources Man­ager, Exxonmo­bil, Mr Udom Inoyo, urged stake­hold­ers to em­brace au­to­ma­tion of the work­force in or­der to boost out­put and the bot­tom line.

The Direc­tor, Emer­ald En­ergy In­sti­tute, Uni­ver­sity of Port Har­court, Prof. Wumi Iledare, said, “We don’t have ad­e­quate skills that will en­able us to close the skills gap in the in­dus­try, and by ex­ten­sion, in the econ­omy. We do not have many engi­neers who can go into the deep part of the oceans to weld and do var­i­ous en­gi­neer­ing works and de­signs.”

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