The
Minister of State for
The minister represented by
According to him, "This administration, in collaboration with the management of NLNG, was instrumental in the signing of the Train 7 contract. The Train 7 project is a joint venture consortium that seeks to boost
"The contract will bring about employment and development for Nigerians as 55 per cent of the engineering activities will be carried out in
"The
"This administration has also been supportive of the efforts to create a Nigerian oil and
"The goal of the park is to create an environment for low-cost manufacturing that will produce equipment components and spare parts that will be used in the Nigerian oil and gas industry."
"The completion of this project will benefit the national economy because it will help reduce the demand for foreign exchange for importation of equipment. It will also provide employment opportunities for graduands of the Institute.
"Other areas of success include but not limited to: coordinating with international partners to promote
"Currently, this administration is making concerted efforts to curtail the issue of crude oil theft which has reduced the government's revenue and foreign exchange income. Oil theft has denied the country of estimated 700,000 barrels per day. The adverse effect of this is the drop in the production of crude oil," he added.
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