This year lecture tagged, “Nigeria’s Economy after Oil: How Prepared Are We?” Attracted major players and stakeholders in the oil and gas industry, government officials, diplomats, financial institutions as well as captains of industry.
Chief Don Etiebet in his opening remark thanked the Board of Trustees of the ARET ADAMS Foundation for inviting him to Chair the occasion and for keeping the name and vision of our referred icon in the Oil and Gas Industry alive. Further in his speech, the Chairman eulogize Aret Adams for his unblemished record that laid the solid foundation for the Nigeria National Petroleum Corporation (NNPC), as its first Group Managing Director (GMD), to grow to an enviable position amongst its peers around the world. The speech made available to the press reads:
‘’Ladies and Gentlemen,
I want to thank the Board of Trustees of the ARET ADAMS Foundation for inviting me via a letter signed for the Chairman by Mr. Egbert Imomoh, OON to chair this very important 17th Annual ARET ADAMS Memorial Lecture 2020, with the theme: “NIGERIA’s ECONOMY AFTER OIL: HOW PREPARED ARE WE” to be given by no other authority in Economics, Finance and Management than Mr. Olabode AUGUSTO, MFR.
I would also like to thank the Board of Trustees of the ARET ADAMS Foundation for keeping the name and vision of our referred icon in the Oil and Gas Industry alive, whose unblemished record had laid the solid foundation for the Nigeria National Petroleum Corporation (NNPC), as its first Group Managing Director (GMD), to grow to an enviable position amongst its peers around the world.
 I first met Mr. ARET ADAMS in 1972 when I came back to Nigeria equipped with a M.Sc. degree in Applied Geophysics from the University of Western Ontario Canada and a B.Sc. (Special Honors) degree in Technology of Oil from Imperial College of Science and Technology, London, England.
With my enquiries in the Oil and Gas industry in the country I was referred to the Nigerian National Oil Company (NNOC) then, headquartered at the UBA Building by the junction of Broad Street and Kingsway Building. And the person I met there as the head of Oil Exploration was Mr. Aret Adams. Since then we both became friends and was very fun of each other till his demise in 2009.
One thing many did not know is that Mr. Aret Adams was my unknown and unseen personal adviser when I was Minister of Petroleum and Mineral Resources from day one of my appointment. One advice amongst others he instantly gave me was to ensure I work to preserve my integrity and name in an Industry beset with deals. I must tell you that, that advice had done me a lot of good to stay out of trouble in the ever-troubled industry. Mr. Aret Adams was a very selfless patriotic technocrat of high integrity who loves his country more than himself.
In the letter inviting me to chair this 17th Annual ARET ADAMS Memorial Lecture 2020, Aret Adams was described as “a builder of men, who developed and deployed young mangers who became leaders across the Nigerian energy industry”.
No other statement can describe Mr. Aret Adams more than that for if you look at the list of the members of the Board of Trustees of his Foundation, you will notice that almost all of them are Aret Adams proteges, who have succeeded exceedingly well in their endeavors in the industry. Mr. Aret Adams was never corrupt, never abused his office and was not partial in his administrative duties. With his smiling and jovial demeanors always, he exhibited the highest level of integrity in his dealings and lived a very simple life with his delectable IZARENE despite holding very high offices in the industry and in politics.
Well, back to the topic at hand in his honor, “NIGERIA’s ECONOMY AFTER OIL: HOW PREPARED ARE WE”. In this era of e-World, e-Nigeria, e-Governance, the Internet of Things, Artificial Intelligence, Clean fuel and Climate Change, we have a problem. We are therefore very appreciative for the organizers to choose this very apt topic for deliberation today and we are very pleased to have Mr. Olabode AUGUSTO, MFR to tell us what our options are to survive in this emerging jungle of the new industrial revolution and digital technologies with or without oil.
So, ladies and gentlemen, sit back and listen to this stone breaking lecture.
Thank you‘’
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