Oil Industry Trainers Lose $2bn in One Year

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Peter Uzoho Oil and gas training organisations in Nigeria lost about $2 billion between March 2020 and March 2021, due to the negative impact of the COVID-19 pandemic on businesses across the world…

Oil and gas training organisations in Nigeria lost about $2 billion between March 2020 and March 2021, due to the negative impact of the COVID-19 pandemic on businesses across the world.

“There was no business, even the little savings we had was used to pay salaries of our staff. The money is for expansion and this means that there is no expansion in the training stratum of the oil and gas sector,” he said.Also, the President of OGTAN, Dr. Mayowa Afe, said the oil sector was badly affected by the COVID-19 lockdown, adding that the training sector of the oil and gas industry in the country felt the COVID-19 than other stakeholders as trainings were cancelled.

He, however, said the good news was that the Nigerian Content Development and Monitoring Board had set aside supporting system to rescue registered oil training firms from total collapse. Afe, added that prominent Nigerians, who have contributed immensely to the growth and development of the oil and gas sector would be honoured at the event.

 

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