FG tasks investors on oil and gas industrial growth

The Federal Government has tasked investors in the country to utilize opportunities in the upstream and downstream sectors of oil and gas for industrial growth.

Speaking during the opening ceremony of the 2013 Oil and Gas Trade and Investment Forum in Onne, Rivers State, the Minister of Industry, Trade and Investment, Olusegun Aganga said that Oil and Gas in Nigeria has been proven to be investors’ delight, pointing out that it offers a very high rate of returns on investment.

The Minister, who disclosed that Nigeria has been acknowledged as one of the highest in a mull over session, added that the aim of the programme was to provide enabling environments for investors to interact with one another, share ideas and tie business knots that would deepen investments in the Oil and Gas sector of the nation’s economy.

Olusegun Aganga declared that delegates to the forum would be opportune on the second day to tour the Onne Oil and Gas Free Trade Zone which he said was the only Free Trade Zone in the world dedicated solely to the Oil and Gas industry.

Also speaking, the Minister of Petroleum Resources, Diezani Alison-Madueke stated that the Oil and Gas sector offers global opportunity for both local and foreign investors, assuring investors that the Nigerian Government would not relent in ensuring that there is enabling environment for investments to thrive.