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President Buhari. Photo: TWITTER/NIGERIAGOV
President Muhammadu Buhari has declared that Nigeria would strengthen its position as regional leader in the oil and gas industry, adding that his administration would spare no effort to ensure maximum benefit from the nation’s huge natural resources.
Speaking yesterday at the virtual inauguration of the National Oil and Gas Excellence Centre (NOGEC) at the Department of Petroleum Resources (DPR) headquarters, Lagos, Buhari pledged that the Federal Government would leverage oil and gas for development and pursue economic diversification.
Underscoring the importance of the centre in enhancing contribution of the sector to the nation’s Gross Domestic Product (GDP) and strengthening Nigeria’s leadership, the President submitted that the facility had opened a new set of opportunities in terms of investments, cost reduction, safety and capacity development.