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Petroleum Legislation To Give Focus To Oil Industry.

Oct 09, 2019 Hit: 13 Written by 
Petroleum Legislation  To Give Focus To Oil Industry.

In a bid to accelerate foreign direct investment, the Nigerian National Petroleum Corporation (NNPC) has expressed the determination of the Federal Government to work with the national assembly and all other stakeholders to pass the long-awaited Petroleum Legislation.

Group managing director of the NNPC, Mallam Mele Kyari, made this commitment while making a presentation at the 25th-anniversary edition of the Nigerian Economic Summit Group (NESG) with the theme: ‘rethinking the future of extractives’ in Abuja on Tuesday.

Kyari explained that for Nigeria to make the most of the oil and gas industry, the passage of the petroleum legislation was imperative as the bill has the prospect to guarantee a robust fiscal regime, ensure the development of host communities, ensure proper alignment with other sectors and encourage investors to expand their investments in Nigeria.

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