The Federal Government, yesterday, promised to tackle corruption in Nigeria’s extractive industry and also ensure the speedy passage of the Petroleum Industry Bill, PIB, after a careful review.
Speaking at the ongoing international seminar of the Organisation of Petroleum Exporting Countries, OPEC, in Vienna, Austria, Head of Nigeria’s delegation to the 167th OPEC meeting, Dr. Jamila Shu’ara, also stated that the administration of President Muhammadu Buhari will ensure that Nigeria continued to play a more proactive and effective roles in the affairs of OPEC.
Shu’ara, in a statement by the Nigerian National Petroleum Corporation, NNPC, stated that the Federal Government will strive to enthrone transparency and accountability in public life, especially in the petroleum industry, which is the mainstay of the national economy.
Shu’ara noted that the Buhari administration intends to take a critical look at the PIB with a view to effecting necessary changes that will facilitate its early passage.
Shu’ara noted that the Buhari administration intends to take a critical look at the PIB with a view to effecting necessary changes that will facilitate its early passage.
She said government will pursue the diversification of the economy and put in place essential infrastructure that will aid its growth.
She said: “I would like to assure industry players that government will work assiduously to ensure the speedy passage of the PIB and even speedier implementation of the related programmes.”
She said: “I would like to assure industry players that government will work assiduously to ensure the speedy passage of the PIB and even speedier implementation of the related programmes.”
Furthermore, she maintained that Nigeria will continue to work for the realization of the aims and objectives of OPEC.
She said: “I am to assure OPEC Heads of Delegation, of a new dawn in Nigeria and the capacities of a new President who understands and appreciates the prospects and challenges of our organisation like no other former Nigerian Head of State, having being a Minister of Petroleum Resources before.”
She said: “I am to assure OPEC Heads of Delegation, of a new dawn in Nigeria and the capacities of a new President who understands and appreciates the prospects and challenges of our organisation like no other former Nigerian Head of State, having being a Minister of Petroleum Resources before.”
NNPC GMD on crude
Also speaking at the event, Mr. Joseph Dawha, Group Managing Director of NNPC, disclosed that despite the odds, crude oil will continue to play an important role in the future world energy ba-lance for decades to come.
Also speaking at the event, Mr. Joseph Dawha, Group Managing Director of NNPC, disclosed that despite the odds, crude oil will continue to play an important role in the future world energy ba-lance for decades to come.
According to him, the improved use of technology in the oil and gas sector will continue to resolve difficult challenges regarding oil supply in the world energy market and thus achieve a more efficient use of existing oil resources, discover new oil reservoirs, with greater accuracy and also lead to more efficient oil extraction from existing fields.
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