NIMET To Explore Oil And Gas Sector To Generate Revenue

Director General Nigerian Meteorological Agency (NIMET), Dr Anthony Anuforom, said the agency would explore the abundant opportunities in the oil and gas sector to generate more revenue.

Speaking in Abuja on Tuesday, Anuforom said the commercialisation of the agency’s operations would increase revenue from non-aeronautical sources and reduce dependence on government funding.

He said, the target of the agency was to reduce its over-dependence on revenue from aeronautical sources which currently accounted for about 90 per cent of its revenue.

“Our target is to reduce, the preponderance of revenue from aeronautical sources.

“Presently, revenue from aeronautical services accounts for probably somewhere around 90 per cent of our revenue and yet there are opportunities in other areas like the oil and gas we have mentioned.

“So eventually therefore, the facilities we have here will drive that process because we have high competing capacity, because we have automated systems, we are in a position to generate products that have commercial value.

“In the next two three years, our target is to increase other sources of revenue – that is non-aeronautical sources – to account for more than 50 per cent.”

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Ihesiulo Grace

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