We Lack the Will to Tackle Oil Theft – Muhammed Gambo, public relations officer, PENGASSAN
Like many Nigerians, Muhammed Gambo, public relations officer, Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, believes that the Nigerian oil sector is on a cliffhanger. He warns that except urgent measures are taken the industry, which accounts for about 90 per cent of the country’s revenue, might suffer serious setbacks with grievous consequences for the economy. He reckons that to save the industry from collapse, the federal government must ensure immediate passage of the Petroleum Industry Bill, PIB; make the refineries functional and display transparency in the allocation of oil blocks. Gambo, who also served on the board of the Petroleum Equalisation Fund, PEF, a body charged with the responsibility of ensuring uniform pump price across the country, places the many problems of the oil and gas sector at the foot of ex-military officers. He speaks with Muyiwa Lucas, senior assistant editor and Juliana Uche-Okobi, senior writer.
Can you to give a general overview of the Nigerian oil industry as it is currently?
The Nigerian oil industry is on the verge of collapse and this is what any player would tell you. For the past four years, there has not been new investment in exploration, which is very bad for a country. Unfortunately for us, in the Gulf of Guinea, nearly all the countries there are having oil – Ghana, Togo, even Niger now have oil. So oil is no longer a preserve of Nigeria. Unfortunately for us, our local consumption is import-driven, we export crude and get refined products. I think Nigeria is about the only OPEC country that is doing that, our major consumption is about 90 per cent from import.
Oil theft has become a major problem for the country. What is …
Source: TELL Magazine – News