3 August 2021
Chief Timpre Sylva, Minister of State for Petroleum Resources, praised the Senegalese government’s attempts to enlist Nigeria’s help in developing its oil and gas sector.
While hosting Senegalese Minister of Energy Aissitou Sophie Gladima and her delegation in Abuja on Monday, Sylva congratulated them.
He stated that Africa must unite and work together to enhance regional development and lessen reliance on foreigners for prosperity.
“I’d like to take this opportunity to greet everyone; as I previously stated, it’s critical for us to join together as a region because, as they say, you have to say yes before someone from the outside. I’ll say yes.
“As Africans, we must band together to decide the best course of action; we cannot continue to rely on Europe and the rest of the world.
“In reality, it has been demonstrated that they cannot be accountable for our growth; we must assume full responsibility for our development, which is why we are delighted that you are here today,” he proclaimed.
Nigeria, according to Sylva, has an edge in that it has been in the oil and gas sector for a long time and has learned a lot of lessons as well as made a few blunders.
According to him, oil production in Nigeria began in 1937, but commercial discoveries were made in the 1950s, with the first commercial finding occurring in 1956 and the first cargo of crude leaving Nigeria in 1958.
“It means we’ve been producing oil for almost 60 years, which is a significant advantage and, of course, a lot of lessons have been learned.
“When we first started producing in Nigeria, we were complete spectators; every position was filled by foreigners, and our communities were merely observers of the activity, but a lot has changed since then.
“There has been a lot of capacity expansion in Nigeria, and Nigerian businesses now produce a large share of Nigerian oil.
“In addition, Nigerian participation in CIOs has expanded dramatically, since some of them have Nigerians as general managers in their Nigerian subsidiaries, and Shell’s president is a Nigerian,” he added. -he proclaims.
Nigeria has built an all-Nigerian global NLNG corporation, he said, with at least the CEO’s team being Nigerians, and Nigeria has been able to influence some of the experience in other African countries.
In terms of local content, he stated that Nigeria has raised its local content from 3% to roughly 43% in the last ten years, with the goal of reaching 70% by 2027.
“We are highly attached to it because it is the only way to domiciliate oil earnings; if you produce oil and all of the profits flow out of the nation with no one participating in the country, you will not receive the profits.
“One of the advantages of oil and gas production is that the wealth stays in the country,” he explained.
He went on to say that because Senegal’s oil and gas sector was just getting started, now was the greatest moment to incorporate some of Nigeria’s knowledge to help them develop successfully and contribute to economic progress.
He pledged Nigeria’s support for Senegal’s energy sector development and encouraged the country to join the African Organization of Petroleum Producers (APPO).
Gladima thanked the minister for his hospitality and stated that her country had hoped to collaborate with Nigeria to benefit from its vast experience in the oil and gas business.
She said Nigeria’s oil production history of more than 50 years is an excellent model for Senegal as it develops its own industry.
He stated that the country would appreciate Nigeria’s assistance in four areas: oil and gas security management, the National Oil Company’s (NOC) organization, local content regulation, and NOC strategies.
She indicated an interest in joining APPO to assist in the development of the Senegalese sector (NAN)