Connect with us

Business

PTDF: Nigeria Lacks Database for Required Skills in Oil Industry

Published

on

  • PTDF: Nigeria Lacks Database for Required Skills in Oil Industry

The Petroleum Technology Development Fund (PTDF) has disclosed that at the Nigeria’s oil industry does not have a unified database of all the skills required by its operators across board to enable them drive productivity.

It explained that such development has made it difficult to replace capacity gaps identified by oil and gas industry operators locally and resort to foreign sources to fill up such human capacity gaps.

The Executive Secretary of PTDF, Dr. Bello Gusau stated this at the first national education summit organised by the Oil and Gas Trainers Association of Nigeria (OGTAN) recently in Lagos.

Gusau explained that despite the introduction of artificial intelligence in the operations of the global oil and gas industry, the place of a human interface has not changed much, hence the need to continually upgrade the skillset of people in the industry to meet the dynamic demands of the sector.

According to him, humans are still central to the development, performance and sustainability of resource and tools deployed in the oil industry, and efforts must be stepped up to recruit more talented oil and gas graduates to the industry, as well as increase interest among current employees to sustain existing human resource pool.

“The question then becomes what can we do to ensure the development of the critical mass of human resources to satisfy the needs of the oil and gas industry and to then ensure the sustainability of Nigeria’s local content aspirations,” Gusau stated.

He identified the major obstacles to realising the objective of improving the industry’s human resource base to include absence of acceptable platforms for the development of skills and capacities for the industry, lack of effective co-ordination and silo approach to development of quality education and usable training.

Gusau said: “Interventions in research, development and human capital run into billions of dollars annually from all players, but these interventions are undertaken by each player in accordance with its determination and needs. There is largely no co-ordinated approach to the development of these capacities or indeed even the education aspects of the capacity.”

He further explained: “There is hardly any acceptable data base of the skills or a hand book of the educational development requirements to fill identified human capacity gaps. While government agencies in the oil and gas, education and national planning sectors are all engaged in different aspects of determining education and skills requirements, private players in the industry are also doing the same to the extent of their needs and operational requirements.”

According to him, the resort to human capital importation which is against the local content law, is a consequence of lack of parity between national education and training interventions and the skills and competency requirements of the local oil and gas industry.

Gusau called for the creation of a single national platform for the coordination of all collaborative activities geared towards the development of education, and human capital by relevant players in the industry.

He said this will ultimately lead to the provision of skilled human capital resource requirement of the country’s oil and gas industry, as well as the sustenance of local content through quality education and training.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade long experience in the global financial market.

Continue Reading
Comments

Business

Fate of Bristow Pilots, Engineers To Be Decided on Thursday

Published

on

Bristow Helicopters

Pilots and Engineers of Bristow To Know Their Fate Next Week

Bristow pilots and engineers whose appointments were terminated would have to wait till next week to know their fate as the negotiation between the National Association of Aircraft Pilots and Engineers and the Federal Ministry Labour and Employment has been shifted to Thursday.

Capt. Yakubu Dukas, the National Vice President of National Association of Aircraft Pilots and Engineers, confirmed this on Friday.

On Tuesday, Bristow Helicopter announced it would sack 100 pilots and engineers, hinging its decision on plans to restructure the company’s finances amid the COVID-19 pandemic.

But on Wednesday, NAAPE issued two weeks ultimatum to the company, demanding for reversal of such action at a time families are struggling with COVID-19 crisis.

On Friday, the Nigeria Labour Congress also issued two weeks warning to the companies, demanding the affected staff be recalled or they will have to deal with a nationwide action from NLC.

He said, “Both parties are to return to status quo. We are to report back next week Thursday to continue the negotiation.

“If both of you are returning to the negotiation table, it would be something that is favourable. The members will be happy to move out of the picketing and continue their work.

“The meeting went well. We met with the Ministry of Labour to reverse the status quo. Whoever they made redundant is null and void and they would revert to status quo.

Continue Reading

Business

Buhari Signs Bill to Make Registration of SMEs Affordable and Easier

Published

on

Corporate Affairs Commission

Buhari Signs New Bill to Make SMEs Registration Affordable

President Muhammadu Buhari on Friday signed a new bill to make the registration of Small and Medium Enterprises (SMEs) easier and affordable.

Femi Adesina, the Special Adviser to the President on Media and Publicity, disclosed this in a statement made available to media on Friday.

In the statement titled “After 30 years, President Buhari signs amended Companies and Allied Matters Bill,” the Senior Special Adviser said Buhari has signed the Companies and Allied Matters Bill, 2020 into law.

It read, “President Muhammadu Buhari Friday in Abuja assented to the Companies and Allied Matters Bill, 2020 recently passed by the National Assembly.

“The President’s action on this important piece of legislation, therefore, repealed and replaced the extant Companies and Allied Matters Act, 1990, introducing after 30 years, several corporate legal innovations geared toward enhancing ease of doing business in the country.

“Such innovations include: filing fee reductions and other reforms to make it easier and cheaper for small and medium-sized enterprises to register and reform their businesses in Nigeria;

“Allowing corporate promoters of companies to establish private companies with a single member or shareholder, and creating limited liability partnerships and limited partnerships to give investors and business people alternative forms of carrying out their business in an efficient and flexible way.”

“Innovating processes and procedures to ease the operations of companies, such as introducing Statements of Compliance; replacing ‘authorised share capital’ with minimum share capital to reduce costs of incorporating companies; and providing for electronic filing, electronic share transfers, e-meetings as well as remote general meetings for private companies in response to the disruptions to close contact physical meetings due to the COVID-19 pandemic;

“Requiring the disclosure of persons with significant control of companies in a register of beneficial owners to enhance corporate accountability and transparency; and

“Enhancing the minority shareholder protection and engagement; introducing enhanced business rescue reforms for insolvent companies; and permitting the merger of Incorporated Trustees for associations that share similar aims and objectives.

Continue Reading

Business

Nigeria Railway Corporation Realises N3.1bn in 2019

Published

on

Railway Projects

NRC Generates N3.09 Billion in 2019

The Nigeria Railway Corporation (NRC) has said it realised N3.09 billion from railway services in 2019.

In a statement issued by the corporation, N1.5 billion of the total amount was generated from the Abuja-Kaduna rail service, according Fidet Okhiria, the Managing Director, NRC, who was quoted in the statement.

In the statement signed by Taiye Elebiyo-Edeni, the Media Assistant to the Minister of Transportation, the Abuja-Kaduna rail line realised N130 million per month in the year under the reveiw.

“The Abuja-Kaduna railway generated over N130m monthly as revenue,” Okhiria stated.

Okhiria explained that, that particular rail line has been able to breakeven, adding that the revenue from Abuja-Kaduna rail line was used to service other railway stations in the Northern region.

Maiduguri station, which is presently not functioning was named as one of the stations financed with the revenue realised from Abuja-Kaduna rail line.

“N90m was spent on running cost and payment of staff at the Maiduguri station, which could not operate for now due to insecurity in the state.”

Continue Reading
Advertisement
Advertisement
Advertisement
Advertisement

Trending