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Oando: Indigenous firms must step up to drive growth in Nigeria's energy industry

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Oando Plc says indigenous companies must step up to drive growth in Nigeria's oil and gas industry.

A logo of the Oando petrol station is seen in Abuja, Nigeria February 11, 2022. REUTERS/Afolabi SotundeAkinbambo Ibidapo-Obe, general manager of commercial at Oando Energy Resources , spoke at a three-day workshop in Lagos, according to a statement on Sunday.

Speaking at the event, Ibidapo-Obe shared Oando’s strategies and preparations for the indigenous oil companies’ partnerships between operators and the Nigerian government, underscoring the importance of collaboration and shared goals. “The first necessary partnership is with financial advisors and off-takers to either fund the capital-intensive nature of the business, or to provide advisory to source and secure funding.“The second is a deliberate, engaging and adaptable partnership with host communities to encourage better dialogue and impact.

 

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