The southeast APC Young Progressives Forum led by Comrade Paschal Candle has commended President Muhammadu Buhari over the signing of the Petroleum Industry Bill into Law.
The group in an interactive session with Journalists in Awka Anambra State Capital described the signing of the Bill as a watershed in the History of the Petroleum Industry in the Country.
They reasoned that The Petroleum Industry act will open a lot of window opportunities for the youths in Oil Producing Communities, encourage Investors’ confidence in the sector.
They described the assent by President Buhari as “a major victory that has the potential of bailing Nigeria out of its economic predicament and an act that will enable the country to make the most of economic gains of the oil industry for the benefit of Nigerians.”
“Indeed, the new law will enhance the Nigerian petroleum industry’s reputation, open the door to new investment and ultimately strengthen its position to meet the world’s growing demand for energy”
“There is no doubt that the new law will help harness Nigeria’s potential to achieve its programme of raising oil production to four million barrel per day and oil reserves to 40 billion barrels, while also drawing on the country’s vast natural gas reserves to provide clean and efficient energy. “
“This is a way to go and We thank Mr. President for providing that Leadership that is needed at this point in time. You have shown to be a father figure to all regions” Comrade Pascal said
Nnenna.O
