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President Buhari, on Thursday, pledged to continue the FG's economic diversification through the utilisation of oil and gas revenues

3 min read President Muhammadu Buhari Thursday declared that Nigeria will strengthen its position as regional leader in the oil and gas industry, even as his administration will spare no effort in ensuring maximum benefit from the nation’s huge natural resources. Speaking at the virtual inauguration of the National Oil and Gas Excellence Centre (NOGEC) at the Department of Petroleum Resources (DPR) headquarters, Lagos, President Buhari pledged that the Federal government will continue to leverage oil and gas for development and pursue economic diversification across all sect...

Buhari revealed this in a virtual address at the inauguration of the National Oil and Gas Excellence Centre (NOGEC) which was held at the Department of Petroleum Resources (DPR) headquarters in Lagos. The president said his administration is committed to ensuring maximum benefit from the nation’s huge natural resources and will continue to leverage on oil and gas to ensure economic growth. He said: ”You would recall that at the beginning of this administration, we set a clear roadmap for the oil and gas sector in order to increase value from the nation’s huge resource potentials and cr...

By Solomon Asowata The year 2020 has undoubtedly been one of the most difficult years for the oil and gas industry globally in the last few decades. It saw the Coronavirus pandemic grip nations across the globe, necessitating countries and states to lock down their borders for some time, thereby preventing movement of persons, goods and services for months unless under special circumstances. This restriction of movement affected many sectors of the economy, but one of the worst hit was the oil and gas industry which fuels mobility of mankind and businesses across the globe. With a sharp drop ...