OPEC Sec-Gen Endorses Kachikwu’s Book ‘Nigerian Petroleum Industry: 2015 to the Future’

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See the full details of the endorsement  speech…

Your Excellencies, distinguished guests, ladies and gentlemen, I stand on all existingprotocols.

 

It is an honour to present Dr Emmanuel Ibe Kachikwu’s book titled, ‘Nigerian Petroleum Industry: 2015 to the future.’

 

I have known and worked with Dr Emmanuel Kachikwu and it is a source of tremendous pride that we have developed a very close comradeship. He is the personification of the best aspects of public service: a patriot, immensely knowledgeable about our industry and a dedicated champion of our great country Nigeria.

 

During his tenure as Minister and Head of Nigeria’s Delegation to OPEC, the Organization was in the midst of a transformative period. As President of the OPEC Conference in 2015, he played a significant role in laying the groundwork that would eventually culminate in the signing of the historic ‘Declaration of Cooperation’ (DoC) on 10 December 2016. This monumental endeavor ensures that OPEC works in close coordination with 10 non-OPEC producing countries to take collective action in pursuit of oil market stability.

 

Dr Kachikwu was adept at developing positive relationships with Ministers from OPEC Member Countries and our non-OPEC partners. He played an important role in showcasing Nigeria’s commitment to the ‘DoC’ process and rallying other nations to continue to support it. In March 2019, Nigeria joined the monitoring body, the Joint Ministerial Monitoring Committee. I recall the plaudits to Dr Kachikwu for this momentous occasion, when he was widely praised as a ‘scholar and a gentleman.’ His diplomatic skill and extensive knowledge of the oil industry were apparent for all to see, especially as my able campaign manager in the run-up to the election of the Secretary General of OPEC in 2016.

 

Dr Kachikwu’s humility has not yet allowed him to share with me the amazing diplomatic skill and acumen he deployed in getting me elected!

 

Turning to the topics raised by Dr Kachikwu’s insightful book, all of OPEC’s prognoses concur with its central tenant: Nigeria will continue to play a globally significant role in the future of our industry. Nigeria is a leading producer and a key Member of OPEC, and the future is bright for our beloved country.

 

Therefore, this book could not be more timely and essential. From his unique perspective, Dr. Kachikwu has synthesized efforts to increase federal government income, restructure parastatals and the Nigerian oil industry. This insightful book addresses infrastructural deficits and the need for deepened and institutionalized reforms that will help the sector become more transparent, profitable and encourage investment, thus helping Nigeria meet its hydrocarbon potential.

 

‘Nigerian Petroleum Industry: 2015 to the future’ also identifies areas for further improvement. It calls for hastened intervention, the conscious use of resources to help support our development aspirations, uplift our economy and aid diversification. This chimes with the principles underpinning Nigeria’s membership of OPEC.

 

Finally, it is worth noting that the issues raised in this book are of utmost concern for all oil-producing counties and through regulation and reform, must be aligned with the public interest and broader vision of Nigeria’s development.

 

Excellencies, fellow compatriots, distinguished ladies and gentlemen, I present to you, ‘Nigerian Petroleum Industry: 2015 to the Future.’

 

Congratulations, Dr Kachikwu.

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