Investment in Technology Critical for Nigeria's Oil and Gas Growth
George Onafowokan emphasizes the need for technology investment and collaboration to enhance Nigeria's energy sector. His insights highlight the role of automation and digital systems in streamlining production and boosting competitiveness.
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George Onafowokan, CEO of Coleman Technical Industries, advocates for heightened investment in technology and collaboration within the oil and gas sector. He presented these views at the 25th NOG Energy Week Conference in Lagos, emphasizing the transformative impact of technology on global energy.
Onafowokan noted that advancements like automation have enabled a single operator to oversee multiple production processes, significantly enhancing efficiency. Coleman's recent development of a Variable Frequency Drive cable, produced in four weeks instead of the typical six months, exemplifies the advantages of technological investment.
He urged stakeholders to prioritize Manufacturing Execution Systems and foster partnerships to lower technology adoption costs. The long-term benefits of such investments include improved productivity and competitiveness within the industry.
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