05 July 2014, Lagos – The former Minister of Power, Prof. Bartholomew Nnaji has emphasized the need for government to speedily implement the Petroleum Industry Bill, PIB, saying its passage would help improve the power sector.
Speaking at the General Electric, GE, Conference on the challenges facing the power sector and how GE, innovative machinery has helped improved the epileptic power in the country; he said the incentives that should attract investors to boost gas supply and help power reform are imbedded in the PIB.
Nnaji noted that, “Oil majors in the country should give room for small companies to manage and develop oil wells that are lying fallow”.
According to him, “Investors are fast patronizing the oil and gas sector and in five to 10 years if the bill is passed, the country will be exporting gas product to other countries”.
Also speaking, Senior Performance Monitor, Nigeria Intergrated Power Project, NIPP, Engr. Chike Madueke, said there is great quest for human capital development in the country.
“We lack human capital to boost the sector, but a good make-up in human resources and manpower that can help transform the oil and gas sector in the country.
“The Ministry of power and environment should come together to form a policy that would guide their operations. There is a bit of over-regulation in the gas sector and all of this is addressed in the PIB.”
He argued that the state of education especially in the tertiary institutions in the country is in chaos and needs urgent attention.
“The solution to inefficiency in the power and gas sector is rooted in the aged and un-upgraded use of equipment facilities that would meet up with international standards.
“There is also the urgent need to revitalize the educational infrastructure in the country and also the deployment of advance technologies that will improve power supply in the nation” he said.
Meanwhile, in the midst of shortage of power supply currently witnessed in the country, two senior secondary students, Samuel-Alli Eveshorhema and Akaeze Kpakpando of Doregos Private Academy at Agbara, have invented a device that could ease the pressure on oil.
The device called “Urine Power Generator” makes use of urine and other waste products such as ionized water, waste oil and little drop of petrol to power a generator.
According to Akaeze, “A lot can be done if we stop complaining instead, we should try to improve on what is often a challenge and proffer a solution. The invention can reduce the consumption of fuel or diesel in the Nigeria”.