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Nairaland Forum / Nairaland / General / Politics / Procurement Is Nigeria ’ S Weakest Link – Ibe Kachikwu (416 Views)
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Procurement Is Nigeria ’ S Weakest Link – Ibe Kachikwu by naijasolidng(f): 3:52pm On May 03, 2016 |
The Minister of State for Petroleum Resources, and the
Group
Managing Director, Nigerian National Petroleum Corporation,
NNPC, Dr. Emmanuel Ibe Kachikwu, has identified
procurement as
the weakest link in the Nigerian oil and gas industry value
chain.
Kachikwu, said this at the opening of the 2016 edition of the
Offshore Technology Conference, OTC, which kicked off
Monday,
at the Reliant Park in Houston, Texas, United States of
America.
Represented by Mr. Saidu Mohammed, Group Executive
Director,
GED, Gas and Power, NNPC, Kachikwu said that there is a
need
for Nigeria to domesticate its oil and gas industry so as to
achieve optimum benefits.
“Under PETAN, a lot is going on and it is always towards the
programme we have mapped for ourselves. Nigeria has to
domesticate what we do in the oil and gas industry, starting
with
engineering, procurement and construction.
“We have gotten the first part of it, as substantial part of the
engineering today is being done in the country. Substantial
part
of construction cannot be done elsewhere except in Nigeria.
But
procurement has been a headache,” he said.
While acknowledging the effects of the dwindling oil price, the
Minister reiterated the need to look inwards and reduce costs,
so
as to stay afloat.
“With the capacity building in Nigerian entrepreneurship
going on
today, with the sub-letting of so many of the equipment we
need
in the oil and gas industry, of course, Nigeria is going in the
right
path. Agreed that so many things are happening in the oil and
gas
industry, particularly with dwindling oil prices; nevertheless,
what
does it call for?
“It calls for us to look inwards so as to optimise costs,
reduce the
cost of production so as to remain afloat. However, we
cannot
reduce the cost of production if we don’t have Nigerian
expertise
in the development of procurement materials. That is really
why
we need to commend PETAN members in that regard.
“You optimise your cost when you are in difficulties. At the
end
of the day, there is a bottom line. What do you use, what are
the
inputs in terms of production? You look at the inputs and
then
apart from the human beings, you need machinery. How can
you
lower the cost of those inputs – the machinery, the
chemicals
that you use day and night?
“How do you reduce the cost? You can only reduce the cost
when
you produce them locally. That is the direction we are going
now.
That is why we appreciate PETAN and its members. We need
to be
cohesive. We need to be focussed. We need to be determined
to
make sure that Nigerian oil and gas industry is completely
managed by Nigerians,” he said. http://solidvevo.com/2016/05/03/procurement-nigerias-weakest-link-ibe-kachikwu/
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