‘Poor governance framework bane of investment in extractive sector’

Senate President, Bukola Saraki . PHOTO SENATE TWITTER

The inability of the federal government to sustainably address key issues affecting the extractive industry, especially the lapses in governance law, will continue to limit foreign direct investment into the sector, stakeholders have said.

The experts, who spoke ahead of a high level lecture series that kicks off in Abuja today, accused the federal government of deliberately slowing down reforms that would have spurred FDI into the country.

The Senate President, Bukola Saraki would lead other stakeholders in the oil and gas sector to discuss some of the issues, especially governance law and emerging challenges.

Saraki, his colleague, Speaker, House of Representatives, Yakubu Dogara, Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, Executive Secretary of Petroleum Technology Development Fund, Bello Aliyu Gusau and other industry players would focus on ‘Nigeria’s Petroleum Industry Governance Law & Global Investment Opening In The Sector’, at a lecture series organised by the Institute of Oil & Gas Research & Hydrocarbon Studies.