FG DECLARES LOSS OF CRUDE OIL CUSTOMERS.

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On Thursday, The Federal Government stated that International oil companies were diverting their focus to alternative fuels. This is as a result of the threat posed by the push for renewable energy that is gaining nationwide acceptance. Crude oil patronage for Nigeria is diminishing, and gas buyers are now competing with the nation in the same market.

The Chief Executive of Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, was represented by the agency’s Executive Director, Hydrocarbon Processing Plants, Installations and Transportation Infrastructure, Francis Ogaree, in the opening ceremony of the Midstream and Downstream Petroleum Industry HSE Managers’ Forum in Abuja. There, he encouraged oil sector operators to flow with the current changes in the industry globally.

Mr. Farouk Ahmed said that for Nigeria to survive this new development, there has to be collective effort channeled towards the oil and gas sector. This is because crude oil buyers have greatly reduced in patronizing the nation. Sustaining this sector requires devicing means to remain relevant in the oil and gas value chain, and finding ways to manage waste of the produce so that they can compete with renewable energy sources.

Ireport247 sought the opinion of Nigerians on the subject and gathered that the talk about the decline in sales is more of a theoretical projection than practical because several countries still operate fuel based vehicles and several other PMS based operations. Hence where did the decline come from? Close observation from Ireport247 revealed that this conclusion is rather another tactic to push the energy change agenda as well as coerce the people to start favouring the energy change agenda which the WEF and The Methane Pledge is pushing.

Requesting for the way forward from Nigerians, the response is that the Federal Government should not give in to the deception of these organisations but stay put with the sales of the oil. This is one major natural resources that the nation has, and is still benefiting from. Individual research has shown that these global organisations have no clean interest in Africa and its Asian counterpart; the goal is to cunningly coerce the nations of the world into impoverishment all in the name of energy transition/climate change, etc. Therefore, the way out is for these two continents to break free from this hold and choose to damn the seeming consequences. They should come together as one and stand to preserve their natural resources.

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