The Permanent Secretary, Ministry of Petroleum Resources, Nicholas Ella, has stated that the availability of accurate and comprehensive statistical data is strategic to Nigeria’s oil and gas sector.
He noted that this is given the centrality of the oil and gas sector to Nigeria’s economy in driving growth, innovation and development.
Ella stated this in his address at the stakeholders’ workshop on the review of the Compendium of Petroleum Statistics in Abuja, according to a statement by the Deputy Director, Press and Public Relations in the ministry, Oluwakemi Ogunmakinwa.
He remarked that the compendium of petroleum resources was a vital document that encapsulates the performance metrics, trends, and insights that guide policy formulation, investment decisions and operations efficiencies within the Nigerian oil and gas sector.
Ella informed the participants that the compendium would serve as a vital reference document for government agencies, industry players, researchers and international partners; therefore, ensuring its accuracy and relevance is of paramount importance.
