Access To Accurate Data Is Crucial For The Growth And Success Of The Oil And Gas Sector.

Emmanuel Addeh – Abuja Correspondent

The Permanent Secretary of Nigeria’s Ministry of Petroleum Resources, Nicholas Ella, has highlighted the importance of accurate and comprehensive statistical data for the country’s oil and gas sector. Ella emphasized the central role played by the sector in driving economic growth, innovation, and development in Nigeria. Speaking at the stakeholders workshop on the review of the Compendium of Petroleum Statistics held in Abuja, Ella described the compendium as a crucial document that provides performance metrics, trends, and insights necessary for policy formulation, investment decisions, and operational efficiencies in the Nigerian oil and gas sector.

Ella emphasized the need for accuracy and relevance in the compendium, as it serves as a vital reference document for government agencies, industry players, researchers, and international partners. He expressed confidence that the workshop would result in significant enhancements to the quality of the Compendium.

Recognizing the significance of the workshop, Ella urged stakeholders to collaborate and make a lasting impact on the future of the petroleum industry. He noted that the ministry’s goal is to produce a compendium that adheres to the highest standards of statistics rigor and serves as a beacon of transparency and reliability, thereby enhancing the credibility of data provided and reinforcing stakeholders’ confidence.

In their goodwill messages, the Statistician-General of the Federation and the Chief Executive Officer of the National Bureau of Statistics (NBS), represented by the Director of Corporate Planning and Statistical Coordination, Mr. Austin Anyakorah, urged the Ministry to prioritize collaboration with relevant government agencies to obtain comprehensive data. The Executive Secretary of the Petroleum Technology Development Fund (PTDF), represented by the Deputy General Manager (DGM) of Strategic Planning and Documentation, Mr. Mohammed Mustapha, expressed PTDF’s commitment to advancing the Nigerian petroleum industry through excellence in technology and capacity building.

Mr. Usman Abdulkadir, the Director of Planning, Research, and Statistics at the Ministry of Petroleum Resources, stressed the importance of open dialogue, constructive feedback, and innovative ideas among participants. He called for a robust statistical framework aligned with international best practices.