About 13 countries, including Poland, Colombia and Uruguay have not purchased Nigeria’s crude since 2016.
The Nigerian Petroleum Corporation (NNPC) has promised to assist in boosting Nigeria’s economy by initiating projects that would improve the usage and monetization of natural gases in the country.
The corporation declared that it is going to make sure Petroleum products are made available across the country.
Speaking at the Lagos international trade fair, the Managing Director of NNPC, DR. Maikanti Baru who was represented by the General Manager, External Relations, Mr. Sampson Makoji said; “As a technology driven organization, and to actualize our core vision, all internal processes of the NNPC are currently world class. We have stepped up purposeful engagement with key stakeholders and periodic reports of the corporations activities are published and presented in the public domain to promote transparency and accountability.”
Meanwhile, NNPC had earlier promised to support other companies in Oil and Gas sector in the country, in distributing their products.
They also urged other Private sectors to generate meaningful strategies that would promote Businesses and enhances the country’s economy
Again, the President of the Lagos Chamber of Commerce and Industry (LCCI), Chief Nike Akande, also stated that the oil and gas sector had been on top, in generating revenue to the country’s economy.
Akande said: “Despite the drive for diversification of our economy, the oil and gas sector remains a critical sector that requires the utmost attention of the government even as we work to enhance the earning capacity of the non-oil sector.
Let me therefore use this opportunity to reiterate our call on government to wield the needed political will to ensure the passage of the Petroleum Industry Governance Bill (PIGB), without any further delays.
We believe the PIGB will create a conducive regulatory environment that would open up the sector to both local and foreign investors for competitive growth and development in line with international best practices,” he added.
NNPC also had disclosed that about 13 countries, including Poland, Colombia and Uruguay have not purchased Nigeria’s crude since 2016.