Reforms boosting oil sector investments, says Shettima

Vice President Kashim Shettima highlighted that recent economic reforms, including the elimination of petrol subsidy and foreign exchange unification, are fueling growth in Nigeria's oil and gas industry. He made these remarks during the opening of the corporate headquarters of Northwest Petroleum and Gas Company Limited in Lagos.

Shettima emphasized that the reforms have created a predictable environment for business expansion. He acknowledged the challenges these changes brought but reiterated the government's commitment to translating economic gains into better living standards for citizens. The vice president praised Northwest Petroleum for its growth since 1998, highlighting the importance of indigenous corporate ownership and capacity.

Governor Babajide Sanwo-Olu of Lagos State echoed the sentiment, stressing the private sector's role as the engine of economic growth and the state's commitment to fostering a conducive environment for commerce.