FG raises hope for oil, gas sector in 2022
. Says PIA will spur unprecedented investments
By Fredrick Wright
The Federal Government has predicted that 2022 will be a great year for the oil and gas industry in Nigeria.
The Minister of State Petroleum Resources, Chief Timipre Sylva in his New Year Message also stated that 2022 will be better than 2021 in the nation’s socio-political environment.
He expressed hope that the passage of the Petroleum Industry Bill (PIA) by President Muhammadu Buhari in 2021,will spur unprecedented investments in the sector this year.
Sylva, therefore, urged Nigerians to keep the hope of a better Nigeria alive in 2022.
According to him, “This is going to be a great year for Nigeria in the oil and gas sector of the economy. With the Petroleum Industry Act (PIA), Nigeria has set the stage for increase investments in the sector. We now have a law that governs the sector and create confidence in the minds of potential investors and am confident that we will make unprecedented progress in the coming years”.
He said “citizens need to continue to think positively of a better Nigeria”, adding that the President Muhammadu Buhari government “will do its best to ensure that things continue to get better for the citizenry”.
He noted that “2022 is going to be a good year for Nigeria. Things have started shaping up and with our collective support and prayers, we will achieve the Nigeria of our dream. This is not the time to despair but to rekindle our hope of a great and prosperous Nigeria. Just like the Israelite, with God on our side, we will certainly rise from the ashes to zenith of prosperity.
“We need to keep hope alive and dream big in 2022. The outgoing year was a challenging one especially with the Covid-19 pandemic”, the minister said.
