Tinubu will reopen the oil and gas sector President Bola Tinubu has signed the Oil and Gas Reform Act to make Nigeria the preferred country...

 Tinubu will reopen the oil and gas sector

President Bola Tinubu has signed the Oil and Gas Reform Act to make Nigeria the preferred country for investment in the oil and gas sector in Africa.

According to a statement issued by the Special Adviser to the President on Media, Ajuri Ngelale, he said the policy was formulated and changed in collaboration with major ministries and agencies such as the Federal Ministry of Justice, the Federal Ministry of Finance, the Federal Ministry of Petroleum, the Federal Ministry of Budget and Economic Planning, the Ministry of National Revenue, and the National Petroleum Administration Nigeria.

The reforms were made to boost the Nigerian economy and increase its strength in the global oil and gas market.

He said the Federal Ministry of Information and Public Awareness will announce the official details, which will show a significant step towards effective development in the oil and gas sector in Nigeria.

He said that the special adviser to the President on energy matters will continue to cooperate with all the stakeholders mentioned on how to implement these orders, emphasizing the government's determination to provide sustainable development and growth. future in the energy industry.