The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mele Kyari, has said that foreign invesment flow into the sector will continued to be hampered the petroleum legislation for the oil and gas sector is passed.
Kyari stated this during a visit of the national executive officers of the Nigerian Guild of Editors led by its President, Funke Egbemode, to the oil firm’s boss in Abuja on Thursday.
According to a statement from the NNPC, the national oil company and the NGE expressed their readiness to work together to enlighten members of the 9th National Assembly on the need for accelerated passage of oil and gas industry-related bills in order to create the right environment to attract more investments.
The statement quoted Kyari as saying: “The petroleum legislation has been lingering since 1999 and we are aware that the current Federal Government is committed to the passage of this very important legislation. We need the NGE’s help to get the petroleum bill passed through sufficient enlightenment of the National Assembly and all other stakeholders.
According to him, the NNPC would enhance gas supply to the power and industrial sectors to boost the economy, adding that the oil and gas industry would promote the common good for all Nigerians.
“We recognise that together with the NGE, we have work to do. We promise that we are going to be transparent and accountable to all our shareholders who are the over 180 million Nigerians. We have the responsibility to make sure that the NNPC works for all of us,” he said.
In her remarks, Egbemode said the guild would collaborate with the new management of the NNPC by providing credible platforms that would enable the corporation to always inform Nigerians and the world about its mandate.
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