Financial Energy Review
…..by Amaka Praise……
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Mallam Mele Kyari, has said that foreign investors will benefit immensely from the massive economic opportunities in the Nigeria energy sector.
speaking in Abuja at the Nigerian-Indian Business Forum, Kyari, who was represented by the Chief Financial Officer (CFO) of the firm, Umar Ajiya, noted that Nigeria’s natural gas reserves offered a fantastic potential to attain energy independence, while
He claimed that the Petroleum Industry Act (PIA) had established an atmosphere that was favorable to investors in the oil and gas industry.
He further said that the company was concentrating on gas development with the aim of energizing Africa, including India. Speaking earlier, H.E. Shri Balasubramanian, the Indian High Commissioner to Nigeria, said Nigeria was in a prime position to play a significant role in world affairs because of the changing business realities, its huge natural resources, and its policies.
He claimed that Nigeria has grown to be India’s greatest trading partner in Africa, noting that this was made possible by the people’s goodwill.
He explains that whether it be in manufacturing or trading, Indian businesses have always regarded Nigeria to be a place of enormous prospects, which is why a substantial number of Indians have adopted Nigeria as a second home. The High Commissioner further stated that it was time to determine fresh areas of bilateral collaboration.
Additionally, the Nigerian Communications Commission issued a telecommunication license to NAPET Telecommunications Services, an ICT subsidiary firm of NNPC Limited (NCC). By accomplishing this, the business is now able to function in the nation as a fully licensed telecoms provider.
