How Tinubu's bold reforms has transformed oil and gas sector, group reveals

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President Bola Tinubu has been applauded by the Renewed Hope Ambassadors for taking a important measurement successful reforming the lipid and state sectors
The Renewed Hope Ambassadors highlighted important advancement successful boosting capitalist confidence, streamlining processes, and enhancing Nigeria’s telecommunications sector
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Communications Commission (NCC) were lauded for their committedness to regulatory ratio and economical development

Legit.ng journalist Esther Odili has implicit 2 years of acquisition covering governmental parties and movements.

The Renewed Hope Ambassadors, a radical of Nigerian professionals and stakeholders, has commended President Bola Ahmed Tinubu’s medication for its bold reforms successful the lipid and state sector.

Group hails Tinubu implicit betterment policies

In a connection by Dr. Opialu F. Opialu, its secretary-general, the radical praised the president’s efforts to amended the concern clime and presumption Nigeria arsenic the preferred concern destination successful Africa.

According to Opialu, the reforms are designed to code the challenges facing the lipid and state sector, including declining investment, debased accumulation levels, and inadequate infrastructure.

As reported by ThisDay, helium noted that the interaction of these reforms is already being felt, with accrued capitalist involvement and enactment successful the sector.

The radical besides commended the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Communications Commission (NCC) for their regulatory ratio and promoting transparency and accountability.

Opialu said the NUPRC has implemented cardinal reforms aimed astatine boosting concern and strengthening regulatory oversight. It added that the NCC, connected the different hand, has made important advancement successful enhancing the nation’s telecommunications landscape.

The connection added:

“The NUPRC has been moving tirelessly to physique a resilient, competitive, and investment-driven upstream sector. Under the enactment of Engr Gbenga Komolafe, the Commission has implemented cardinal reforms aimed astatine enhancing efficiency, boosting investment, and strengthening regulatory oversight.“The NUPRC has driven respective initiatives to heighten regulatory effectiveness and pull investments. These see the improvement of a 10-year Regulatory and Corporate Strategic Plan and a Regulatory Action Plan. The Commission’s efforts person restored capitalist assurance and positioned Nigeria’s petroleum manufacture for sustained growth.“Meanwhile, the NCC has made important advancement successful enhancing the nation’s telecommunications landscape. Under the enactment of Dr. Animu Maida, the Commission has pushed for the signing of a Presidential Order designating telecommunications infrastructure arsenic captious nationalist assets.“The NCC has besides ensured the due linkage of SIM Cards to National Identification Numbers (NIN) to cheque the expanding incidences of banditry and coercion successful the country. Additionally, the Commission has facilitated the waiver of Right of Way (RoW) charges successful respective states, making it easier for telecom operators to deploy infrastructure and amended connectivity crossed the country.“The NCC’s committedness to promoting innovation and capableness gathering successful the telecommunications assemblage is evident successful its concern with Nokia to initiate grooming programs for young engineers successful 4G/5G technologies.The NCC’s efforts to beforehand contention and guarantee just play successful the telecommunications assemblage person been recognized internationally. Dr. Maida’s assignment to the Board of Directors of the International Institute of Communications (IIC) is simply a testament to Nigeria’s increasing power successful planetary telecommunications and integer innovation.”

As reported by Vanguard, the Renewed Hope Ambassadors besides passed a ballot of assurance successful the enactment of NUPRC and NCC, recognising their outstanding show and committedness to driving maturation and improvement successful their respective sectors.

The radical urged different agencies to emulate the illustration acceptable by NUPRC and NCC and enactment towards achieving the nation’s improvement goals.

Meanwhile Renewed Hope Ambassadors spoke aft President Bola Tinubu had sacked Mele Kyari arsenic Nigerian National Petroleum Company (NNPC) brag and appointed Bashir Bayo Ojulari arsenic the caller GCEO and Ahmadu Musa Kida arsenic the non-executive chairman.

The president besides sacked each committee members who were appointed alongside Kyari successful November 2023.

This latest improvement happened amid the ongoing saga betwixt the NNPC Limited and Dangote Refinery, a large private-owned refinery successful Nigeria.

Read much astir NNPC, Tinubu here:

NNPC caput shares however contracted unit drowned

Legit.ng earlier reported that Bayo Ojulari, the recently appointed caput of the NNPC, whose enactment marks a pivotal displacement successful the organisation’s direction, erstwhile faced profound challenges successful his aboriginal career.

In a 2017 interrogation with PUNCH, helium recounted the harrowing experience of losing a contracted unit subordinate who drowned during demobilisation aft an eight-week survey successful Rivers state.

The tragic incidental profoundly affected him, highlighting the value of prioritising information successful lipid exploration and production.

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Source: Legit.ng

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