The 9th Nigeria International Energy Summit (NIES 2026) concluded in Abuja this week, serving as a high-level platform for the continent’s energy leaders to address the theme: “Energy for Peace and Prosperity: Securing Our Shared Future.” Central to the discussions was the urgent need for sustainable financing and operational efficiency within Nigeria’s indigenous energy sector.
A standout contributor to these strategic dialogues was Kayode Olatunbosun, the Chief Financial Officer of Midwestern Oil & Gas Company Limited. Participating as a key speaker/panelist, Olatunbosun brought a sharp analytical lens to the challenges of capital allocation in a volatile global market.
During his session, Olatunbosun emphasized the role of technologies and AI in oil and gas operations. He explained how Midwestern Oil & Gas over the years has employed a pragmatic approach to technology integration, focusing on areas with measurable operational and financial impact.
The company utilizes advanced SCADA systems integrated with an AI-enabled ERP platform for real-time production monitoring and cost optimization, aiming to improve uptime, reduce deferment, and enhance visibility. Additionally, Midwestern leverages subsurface modeling and seismic reinterpretation to refine reservoir understanding, reduce upfront CAPEX, and extend field life.
Drone technology is also deployed for pipeline security across its 51km network to enhance surveillance, reduce theft, and strengthen integrity management.
As the summit wrapped up, the consensus was clear: the path to prosperity requires leaders like Kayode Olatunbosun who can bridge the gap between technical extraction and sophisticated financial engineering.
