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FG seeks investment expansion in oil, gas sector through capital market

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NGX,Seplat Energy

The Federal Government has called on oil and gas operators to create ingenious ways of raising capital to expand their investment

and tackle myriads of problems facing the sector, especially leveraging the nation's capital market.

“It may be increasingly difficult to access funding from the West: Saudi Arabia and UAE to expand investment in oil and gas because they have the money but for some reason, we do not have. “Our strong cash generation has supported our ambition to expand our business, which has seen us spend an aggregate of $1.6 billion in capex.

and tackle myriads of problems facing the sector, especially leveraging the nation's capital market.

 

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