Buhari welcomes boards of petroleum agencies

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PRESIDENT BUHARI WELCOMES BOARDS OF PETROLEUM AGENCIES

Abuja, Nigeria - President Muhammadu Buhari has welcomed the Boards of Petroleum Agencies to the State House, Abuja, for a meeting aimed at discussing the current state of the nation's petroleum sector.

The President, who was represented by the Minister of State for Petroleum Resources, Chief Timipre Sylva, expressed his appreciation to the Boards for their commitment to the development of the sector, which is a critical component of the country's economy.

In his remarks, President Buhari emphasized the need for the Boards to work together to address the challenges facing the sector, including the current fuel scarcity and the need to increase domestic refining capacity.

He also urged the Boards to prioritize the development of the country's oil and gas resources, while ensuring that the sector is governed in a transparent and accountable manner.

The President also commended the efforts of the Nigerian National Petroleum Corporation (NNPC) and other agencies in the sector for their contributions to the growth of the economy.

The meeting, which was attended by the Boards of the NNPC, the Nigerian Petroleum Development Company (NPDC), the Nigerian Petroleum Institute (NPI), and the Petroleum Products Pricing Regulatory Agency (PPPRA), among others, was aimed at discussing the current state of the sector and identifying areas for improvement.

The Boards were also briefed on the government's plans to increase domestic refining capacity and reduce the country's reliance on imported petroleum products.

The meeting was a significant step towards addressing the challenges facing the sector and ensuring the continued growth and development of the country's economy.