Reforms boosting oil sector investments, says Shettima
Vice President Kashim Shettima says ongoing economic reforms, like subsidy removal and forex unification, are driving increased investment in Nigeria’s oil Read More: https://punchng.com/reforms-boosting-oil-sector-investments-says-shettima/
Vice President Kashim Shettima revealed during the inauguration of the corporate headquarters of Northwest Petroleum and Gas Company Limited that economic reforms, including the removal of petrol subsidy and foreign exchange unification, are driving growth and investment in Nigeria's oil and gas sector. Shettima emphasized that the policies have eliminated economic distortions, leading to market stability and business confidence.
The reforms create a predictable environment for corporate expansion, enabling businesses to plan and invest long-term. Shettima acknowledged the challenges accompanying the reforms, pledging the government's commitment to translating economic gains into improved living standards. He also praised Northwest Petroleum for its growth and urged the company to utilize the new facility to boost efficiency and support the local economy.
Lagos State Governor, Babajide Sanwo-Olu, highlighted the private sector as the engine of economic growth in the state.
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