FEATURE: OIL AND GAS
As with all modern industries, the oil and gas sector globally is under pressure to embrace the critical convergence of information technology( IT) and operational technology( OT) systems to maximise efficiencies and productivities. This shift is equally important in Nigeria, where the oil and gas industry plays a pivotal role in the national economy.
Oil production is a major source of income and a substantial contributor to the GDP of many African countries, and Nigeria remains consistently in the top spot as Africa’ s largest producer of crude oil. In addition, it possesses significant quantities of natural gas reserves. The country’ s oil and gas sector is critical to the economy, contributing over 85 % of export earnings and approximately 30 % of budget revenue, but it has been performing below its potential in recent years due to a number of challenges.
Against this background, the newly operational Dangote Refinery in the Lekki Free Zone outside Lagos, which began production in January 2024, is a positive symbol of the hoped-for revival of the oil and gas arena in Nigeria. This newest addition to Nigeria’ s oil and gas industry is Africa’ s biggest oil refinery and also the largest single-train facility in the world( meaning
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