Petroleum legislation will give focus to oil industry -Kyari

In a bid to accelerate Foreign Direct Investment , the Nigerian National Petroleum Corporation 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 considered to be capable of providing a win-win scenario for all players in the Oil and Gas Industry.

“Getting the petroleum legislation passed is the right thing to do because investors will not invest their money if they are not sure of how they are going to get their investment back and what benefits can they get from their investment and how stable the investment climate is. We must resolve the petroleum legislation and am aware that this administration is working assiduously to get the law passed within the shortest frame of time,” Kyari assured.

He added that the Oil and Gas Industry was the enabler of the economy and revenues from the Industry largely fund the nation’s budget, saying that the NNPC was committed to the expansion of the oil and gas infrastructure corridors to increase the revenue streams available to the government.

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