Theme: Unlocking Hidden Potentials in the Extractive Industries

About SITEI 2015 Conference

The Nigerian extractive industries, especially its oil and gas sector, has over the years remained the country’s economic mainstay, generating about 80% of consolidated government revenue and 37% of Gross Domestic Products (Nigeria Extractive Transparency Initiative Secretariat, 2004).

The need for our resource-rich country, Nigeria, to assume control of our activities in the extractive industries; the exploration, and production activities in the oil and gas and mining sectors; and to harness the potential of these critical industries in order to generate more value-added, seems to be receiving much desired attention from concerned key stakeholders. This need is equally expressed in Nigeria’s desire to domicile a substantial amount of the average $18 billion per annum extractive spending and redirect the tide of capital flight which, over the years, has made Nigeria a junior partner in joint venture (JV) arrangements with International Oil Companies (IOCs).

Our ability to use our resources as a sustainable means for national development and poverty alleviation, has been the most significant challenge facing various government administrations.

Some pertinent questions, therefore, which would be asked during this conference, and answered, are – How can Nigeria achieve diversification of revenue and reduce its over-dependence on oil. Listen to experts discuss hidden investment opportunities in the gas and solid minerals, what is the role of the Bank of Industry, NEITI and Ministry of Solid Minerals in ensuring investment and regulation especially access to funding and credit facilities. Are young Nigerians making incursions into the industry? Listen to highly successful young entrepreneurs, their success stories and formula for engagement. Hear diplomatic missions share their country’s experiences in sustainable energy generation, learn the role of government and private sector.

This year’s focus is further expanding incursion into entrepreneurship and diversification in the extractive industries; but this time the focus will be more on the HOW? Rather than the WHAT? Just to give you a little more information about specifics planned for the day, there will be product exhibitions of advances in small scale Green Energy generation.
What to look forward to:
  • Break out sessions and capacity building on Gas and Mining including:
  • Strategic Environmental Assessment (SEA) and Environmental Impact Assessment (EIA) procedures
  • Improving Entrepreneurial and Managerial skills for access in the Oil and Gas and Mining industries
  • Underwriting risks in solid mineral mining and oil and gas industries
  • How innovative solid mineral mining companies are using data to out manoeuvre competition
  • Ground breaking Product exhibitions

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