By Our Reporter
ABUJA (PRECISE POST) – The Permanent Secretary of the Ministry of Petroleum Resources, Dr. Emeka Vitalis Obi, mni, has reaffirmed the central role of Nigeria’s oil and gas sector in sustaining the country’s economy, despite growing global shifts toward cleaner energy alternatives.
Speaking during the opening session of the 60th Consultative Committee on Petroleum Statistics (CCPS) held in Abuja, Dr. Obi emphasized that the sector continues to contribute significantly to national revenue and economic stability, the statement released on the official X account of the Ministry of Information and National Orientation signed by the Head, Press and Public Relations Ministry of Petroleum Resources, Chris Ugwuegbulam said.
“The oil and gas sector remains a principal driver of our economy,” Dr. Obi stated. “Even amid the push for energy transition, it is clear that the strategic value of petroleum resources cannot be understated.”
The two-day meeting, organized by the Ministry of Petroleum Resources and hosted by the Petroleum Technology Development Fund (PTDF), brought together key stakeholders across regulatory agencies, financial institutions, and government bodies to review petroleum statistics from the four quarters of 2024 and the first two quarters of 2025.

Dr. Obi highlighted the importance of credible data in shaping policies on exploration, production, pricing, and energy transition. “Dependable data is the bedrock of informed decision-making. The work of this committee is vital—not only in addressing data gaps—but in standardizing methods and fostering trust across both local and international stakeholders,” he said.
He commended the committee for its ongoing contributions toward ensuring the production of accurate, timely, and reliable oil and gas statistics. Urging members to approach their deliberations with intent and collaboration, Dr. Obi added, “This is an opportunity to strengthen a data ecosystem that reflects transparency, efficiency, and accountability.”
The Permanent Secretary also charged the committee to prioritize timely analysis and publication of petroleum data to support evidence-based policymaking and strategic benchmarking.
Participating agencies included the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Federal Ministry of Industry, Trade and Investment, Central Bank of Nigeria (CBN), Federal Inland Revenue Service (FIRS), Nigeria Customs Service (NCS), Nigerian Content Development and Monitoring Board (NCDMB), Nigerian Nuclear Regulatory Authority (NNRA), Energy Commission of Nigeria (ECN), and the National Bureau of Statistics (NBS).
In his welcome remarks, Mr. Usman Abdulkadir, Director of Planning, Research, and Statistics at the Ministry and Chairman of the CCPS, emphasized the committee’s strategic role in generating petroleum-related data for effective policy and economic planning.
Also speaking, the Executive Secretary of the PTDF, represented by Mr. Muhammad Haruna, Deputy General Manager, Strategic Planning and Documentation, described the CCPS meeting as essential for ensuring the accuracy and consistency of national petroleum statistics.
A major highlight of the event was the official presentation and launch of the Statistical Bulletin of the Nigerian Oil and Gas Sector, covering 2018–2023.
Established to drive harmonization in data collection and analysis across Nigeria’s oil and gas industry, the CCPS plays a key role in enhancing the credibility and usability of statistics for national development and sectoral advancement.