As the Federal Government gets set to fully deregulate the downstream sector of the nation’s petroleum industry, a Lagos based oil consulting firm has declared its readiness to professionally train Nigerians with the requisite skills to enable them participate fully in the opportunities that exist in the sector.

Mr. Lawrence Oriero, Chief Executive Officer, Goodsuccess Network Ventures, a firm of petroleum investment and trading experts, has described the intention of the government as “ a good development that will certainly offer informed Nigerians who are smart enough opportunities to position themselves in the oil and gas sector and a huge return on their investments”.

“We are positioned to create a corporate business environment for youths empowerment, through specialized trainings to raise a network of successful entreprenuers for the nation’s economic growth and national development”. He described the nation’s petroleum industry as, “the blood that flows in the veins of the nation’s economy, and sustains the socio-economic growth and general development of Nigeria”.

Oriero believes that there are abundant opportunities in the sector to be explored, and said that “any investment in the sector is in fact one with potentials for higher returns to the investor.” According to him, “some of the potential areas begging to be explored include the marketing of petroleum products, such as diesel, kerosene, PMS, and others. And in doing this, one must observe and adhere strictly to the specifications of these products, especially while trading on lubricants.”

He noted that much opportunities exist in downstream sector since it covers the supply of petroleum products directly to end users or consumers, while the upstream companies comprise those engaged in drilling and refining of petroleum. Revealing ways of making money from petroleum, he said; “one can easily make money from the sector, by directly marketing the products, creating a database of possible names and addresses of potential clients.

This forms corporate business platform to advertise your products and services. For example, if diesel salles for N74 per litre at the depot, a marketer can sale to the end user at N84 per litre, and make about N10 per litre profit. Therefore, on a 33,000 litres truck, the marketer will be making about N363,000 as profit from just a single transaction. Supposing you have 5 LPOs of 33,000 litres trucks each to supply, that will amount to N1.815m profit, perhaps per week. And if you have to do that four times in a month, that gives you N7.260m. This simply shows you how lucrative marketing petroleum products can be.”

He likened the oil industry to “the blood that flows in the nation’s economy, and sustains the socio-economic growth and general development of Nigeria”. The oil and gas consultant further revealed that investors could make good money from the sector since the oil business guarantees huge returns to investment, unlike most other ventures. In his words,” investors can participate in various oil-related investment programs offered by our firm, such as fast-track, short-term and long-term programs, which are private investment initiatives run under Families and Friends Investment club.

Under the scheme, investors are guaranteed high yield returns on their investment, and members can pool their resources together to buy large volumes of products, set-up petrol stations, and they may start from one station, and grow to more stations. Also, investors may decide to buy franchise from major marketers. This is an avenue for wealth creation for life. But, for now these investments are restricted to friends and family members of the company, and therefore not open to the public.”

Oriero welcomes the plan of the Federal Government to fully deregulate the petroleum sector with the belief that it would boost activities in the sector, and reduce scarcity or inadequate supply of products.

“Full deregulation of the petroleum sector is a good development that will certainly offer informed Nigerians, who are smart enough to position themselves in the oil and gas sector, a huge return on their investments. Once the sector is deregulated, the market will be more attractive to many people.

It simply means that investors can make more money from the industry, thereby boosting the steady supply of petroleum products. And with many people in the sector, the availability of products will be guaranteed at all times.” While commending the federal government for it’s plans in the deregulation of the sector, he called on the government to embark on measures aimed at bringing about stability and efficiency in the petroleum Training programmes.

On the training programmes of his organization, Orierohe declared the determination of his group to offer professional trainings to interested Nigerians, to empower them with the requisite skills to participate and make money in oil business. “We organize specialized training programmes, covering various areas of business in the petroluem sector. We run basic training workshops for beginners, where new entrants into oil business will be trained on the rudiments of the business. We also have advanced programmes for those that are already in the business, on how they can improve on their business, as well as on arrays of petroleum related businesses they can invest in”.

(Source: The Sun)