Economy & Politics
September 08, 2020
Economy and Politics: Nigeria Must Give Top Priority to Oil Sector Reforms to Achieve Revenue Diversification - Uwa Osadiaye
Nigeria must give top priority to robust Oil sector reforms like the Petroleum Industry Bill, PIB that can transform the sector, attract more investments and achieve revenue diversification from crude oil dependency.

Mr Uwa Osadiaye an Oil and Gas Analyst with FBNQuest disclosed this as a guest on the "Economy and Politics" show which discussed "Nigeria's Oil and Gas Sector: Challenges and Opportunities for Development and Growth".

According to him the PIB when implemented will reposition Nigeria's petroleum sector and develop a vibrant Gas industry that can boost industrialization in the country.

On the recent investments in new refineries like Dangote Petrochemical, BUA Group proposed refinery in Akwa Ibom and several other proposed refineries in the country, he believed this will help address the issue of pricing, demand/supply and further reduce the pressures on government, following its decision to remove subsidy on the petroleum products.

Watch Video Courtesy WebTVNG
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