FG strategizes to regulate bid rounds as 600 firms jostle for 57 marginalBusiness — The Guardian Nigeria News – Nigeria and World News


Marginal fields in Nigeria. Source: EnergyMixReport.Com

For the industry to survive and be taken to the next level, he said stakeholders must devise ways to deal with the triple challenges posed by the coronavirus, fall in oil prices, and a supply glut.
“We have outlined survival kits post-COVID-19, which involve four key strategies. These include rationalisation of portfolios, strategic partnerships among Nigerian companies, new business opportunities using technology, and cost control and management to see how best we can strive to take the nation to the next level.” Equally, the expectations are four – innovation and resilience, partnership and collaboration as well as industry growth and business development.

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