Coleman CEO Advocates for Tech Investment in Oil Sector

George Onafowokan, the Managing Director and Chief Executive Officer of Coleman Technical Industries Limited, called for increased investment in technology and stronger collaboration across the oil and gas value chain to boost innovation and improve efficiency in Nigeria's manufacturing capacity. His statements were made during a panel session at the 25th NOG Energy Week conference held recently in Lagos.

Onafowokan explained that modern product systems, driven by automation and artificial intelligence, significantly enhance efficiency and reduce product design cycles. He noted that Coleman’s investment in technology has enabled the manufacturing of specialized products locally, which were previously imported.

He highlighted a recent project involving the design and production of variable frequency drive cables for international oil companies, which reduced delivery timelines from six months to four weeks. Onafowokan urged stakeholders to invest in manufacturing and adopt collaborative initiatives to reduce costs and strengthen Nigeria's industrial ecosystem.