- August 20, 2021
- Posted by: adminer
- Category: Natural Resources
Lagos Chamber of Commerce and lndustry (LCCI) has said that the Petroleum Industry Act will open windows of opportunities in the oil and gas industry.
It said that the Act would herald renewed optimism for increased inflow of investments, revenue generation boost and job opportunities.
The Director-General of LCCI, Dr. Chinyere Almona, said the new law has put an end to decades of uncertainties concerning the future of the oil and gas industry in Nigeria.
“The Petroleum Industry Act (PIA) provides a robust legal framework that will support the reforms required to position the industry as an investment haven that attracts investors from across the globe.