The passage of the Petroleum Industry Act PIA has ushered in a new era of transformation for the Nigerian petroleum industry.
This was highlighted at an engagement session for energy relations stakeholders organized by NNPC Limited.
The Petroleum Industry Act is a landmark legislation to reform Nigeria’s oil and gas sector to enhance its sustainability and competitiveness.
The Act is pivotal in addressing inefficiencies, attracting investments, and fostering transparency and accountability within the industry.
At this session, stakeholders emphasised the adoption of the PIA has significantly opened up the sector for transformative growth.
This stakeholders’ engagement session hosted by NNPC Limited, brought together key players from the energy sector.
Discussions focused on aligning policies between governments, private organizations, and international institutions to achieve energy security, sustainability, and equitable access.
As stakeholders continue to explore strategies to maximize the benefits of the Petroleum Industry Act, sessions like this provide a platform for meaningful collaboration and policy alignment.
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