No be small wahala wey TotalEnergies dey yan about Naija oil market o. Dem talk say if government no put correct regulation and safety enforcement, the market go just dey waka aimlessly like k-leg person for road. Dem don already see many big oil companies dey pack their load comot for Naija because dem no wan dey risk dem capital for wahala wey go no gree settle.
For the recent Nigeria International Energy Summit, dem gather plenty people wey sabi this oil matter, and TotalEnergies no carry last as dem dey lay down wetin dey happen. Na wetin dem call ‘Driving Domestic Value: Transforming Downstream Markets and Refining’ be the matter wey dem dey deliberate on. Dem talk say stable policy and proper safety measures na wetin go make Naija oil sector shine again.
Abdullahi Umar, wey represent TotalEnergies Managing Director, bring gist say them dey remain as the only big player for Naija downstream space, because “we dey follow world-class standards for safety and operation.” He drop wisdom say no investor go wan enter market wey policy dey change like weather for Naija. E talk say capital no be solution if environment no dey friendly.
According to TotalEnergies, the confusion wey don dey since uncountable years don make many international players run come out. Dem clear say, despite wey Nigeria don break free from subsidy system, if deregulation no get control, e go fit turn wahala wey nobody fit manage. Dem dey suggest say if everybody dey follow same rules, na so healthy competition go fit grow.
Them dey operate more than 500 service stations across Naija, so dem fit talk with confidence say Naija still dey marketable if dem fit use correct policy wey go favor everybody. “If we fit manage wetin dey happen well, e go benefit us all,” na wetin dem dey talk. Una sabi sey the Petroleum Industry Act wey dem dey implement go help restore market confidence as e go set better rules from government side.
Since dem remove subsidy for petrol last year, the downstream market don dey shake well well with competition, and people dey complain about quality and safety of products. But TotalEnergies don dey put eyes for Nigerian infrastructure wey don design the oil supply since yesteryears. Dem sabi sey if dem fit use am well, e fit reduce cost and wahala wey dey disturb supply.
In fact, dem don talk say e important make regulatory bodies dey sharp on top their game to protect consumers and make sure say plenty people no dey use deregulation to collect money without any proper service. TotalEnergies dey proud say they don dey for Naija oil market for 70 years, and that one dey show sey dem no dey shake about wetin front dey come.
As dem still dey look forward, TotalEnergies don draw attention to Dangote Petroleum Refinery wey fit change the game for supply and distribution. Dem dey ready to follow join dis better path wey go help everybody for oil and gas sector. Na just matter of time before we go see wetin go happen, but one thing be sure, we go dey follow the gist!
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