19 November 2008
Lagos — President, Institute of Public Analysts of Nigeria (IPAN), Mr Ganiyu Sanni, has described Nigeria as divinely favoured with abundant deposit of crude oil and gas, which account for over 90 per cent of her total export revenue and not less than 30 per cent of the Gross Domestic Product.
Sanni said this in his address at the opening of the institute's mandatory workshop, which ended in Lagos yesterday.
He said, "however, the impact of her dignified position as the world sixth largest oil producing country is yet to be felt, especially in terms of self reliance and efficiency in the management of the sector.
Organisation of Petroleum Exporting Countries (OPEC)' annual statistical bulleting (1991), estimated Nigeria's petroleum consumption growth rate at12.4 per cent, but 17 years later, Nigeria is still dependent on imported refined petroleum fuel," he said.
He said the huge capital outlay for the acquisition of analytical equipment/instrument for effective control of the quality and safety of petroleum products remain a burden to public analysts, and would therefore solicit the support of the Federal Government to reduce the constraints of analytical services in the country.
This, he said, could be done by facilitating acquisition of analytical equipment, instrument and chemical reagents through tariff reduction and creation of special science funds for practicing scientists through the Petroleum Training Development Fund (PTDF).
Sanni noted that to improve performance and efficiency in the sector, "there is the need for all stakeholders, government, regulatory agencies, public analysts and so on, to brainstorm and work harmoniously to ensure that good quality petroleum products are made available to consumers and the national and international environmental laws and regulations guiding the prospecting of oil and gas in the country are implemented and obeyed in this country."
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