x

PIA opens doors to Investment, Job Opportunities

By Joyce Remi-Babayeju

The Federal Capital Territory, FCT, Minister, Barr. Nyesom Wike, has disclosed that the Petroleum Industry Reform Act (2021), has opened the door to greater investment, innovation, and job opportunities in Nigeria.

Wike, also explained that with the passage of the Act , the county has laid the groundwork for a More transparent, efficient and competitive petroleum industry, adding that it a watershed moment in the nation’s history.

The minister made this known at a two-day retreat, organized by Members of the House of Representatives on Economic Transformation and Development Towards Effective Implementation of the Petroleum Industry Reform Act (2021) and Tax Reforms/Modernisation, held in Abuja.

The Minister who was represented by the FCT Minister of State, Dr. Mariya Mahmoud, noted that the true impact of the Act would be realized through effective implementation.

The minister commended the Speaker and leadership of the House of Representatives for organizing the programme, noting that the retreat demonstrates the unwavering dedication to serving the people of Nigeria.

“Your role as legislators is pivotal in shaping policies that drive economic growth, foster innovation, and ensure equitable development for all Nigerians.”

“As representatives of the people, it is incumbent upon us to ensure that the provisions of this Act are translated into tangible benefits for all Nigerians.”

“We must work tirelessly to foster an enabling environment for investment, promote local content participation, and uphold the highest standards of governance and accountability in the petroleum industry.”

While noting that the imperative of tax reform and modernization could not be overstated, the nation’s tax system must evolve to reflect the dynamic nature of the economy and the realities of the 21st century.

By simplifying tax procedures, closing loopholes, and giving incentives for compliance, we can enhance revenue generation, promote investment, and spur economic growth,” the minister affirmed.

Hot this week

Kogi West FGYB Legacy Group Endorses Tinubu, Ododo for Second Term

By Noah Ocheni, LokojaThe Kogi West FGYB Legacy Group,...

You’ll Remain a social media president- Wike taunts Peter Obi

By Joyce Remi-BabayejuThe FCT Minister, Barr. Nyesom Wike...

Dogara Applauds Tinubu’s Education Policies, Calls for Sustenance of NELFUND

By Noah Ocheni, LokojaFormer Speaker of the House of...

Plateau APC Youths Commend Prof. Nentawe’s Humanitarian Initiatives

By Israel Adamu, JosThe All Progressives Congress (APC) Youth...

Super Eagles Draw Gabon in 2026 World Cup Play-off Semi-final

Nigeria will face Gabon in the semi-finals of the...

INSPIRATION: “TIME”

By Mary EwaTime... the beginning of all ages. Through time, the...

Police recover 72 phones from robbery syndicate in A’ibom

By Ogenyi Ogenyi,UyoThe Police in Akwa Ibom has smashed...

You’ll Remain a social media president- Wike taunts Peter Obi

By Joyce Remi-BabayejuThe FCT Minister, Barr. Nyesom Wike...

Dualization of Apo, Wasa Junction Is Tinubu’s Fulfilled Promise — Wike

By Joyce Remi-BabayejuThe FCT Minister Barr. Nysome Wike...

Related Articles

Popular Categories

spot_imgspot_img