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In furtherance of its commitment to the development of the Nigerian economy, Access Bank says it is partnering the CWC Group, an international non-governmental organisation renowned for creating opportunities and developing knowledge, on the hosting of this year’s Nigerian Oil and Gas (NOG) Strategic Conference in Abuja.
The annual conference, organised under the auspices of the Federal Ministry of Petroleum Resources and Nigeria National Petroleum Corporation (NNPC) with sponsorship support from the private sector, will attract participation from both local and international key decision makers featuring distinguished speakers, participating companies and exhibitors from the entire oil and gas value chain.
Now in its 14th year, the NOG conference has proven to be the most veritable engagement platform for policy makers and operators in the sector. The conference will be declared open by the Minister for Petroleum Resources, Mrs. Diezani Alison-Madueke, who will deliver the state of the industry address with leading national and international industry leaders in attendance.
Meanwhile, Access Bank Group Managing Director, Herbert Wigwe, will join other industry experts to deliberate on how to overcome the challenges facing the growth of independent and indigenous producers and service providers in the oil and gas sector and ways of supporting them to overcome the challenges. The session will also evaluate the fiscal environment under the proposed Petroleum Industry Bill (PIB) and its impact on independent producers among other important issues. It will also involve issues on funding for the acquisition of divested assets and incentives needed to increase the number and prominence of Nigerian-owned stakeholders.
In recent times, the bank has increased its support for local and international operators through series of funding arrangement, intermediation and advisory services.
It will leverage the high-level participation, which the NOG conference provides to share useful insights and perspectives on how to advance the sector.
Specifically, NOG 2014 will address the steps Nigeria must take to evolve and maintain its position as Africa’s leading oil and gas producer amid increasing inter-continental competition and how the Nigerian industry as a whole must address the crippling impact of oil theft.
CWC partners leading players in the international oil, gas, power and telecommunication sectors and works with over 30 governments, OPEC, the World Bank and numerous non-profit making associations in providing public relations events and publications.
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THE ECONOMY