Shettima Opens Lagos HQ, Credits Tinubu’s Reforms For Oil And Gas Rebound
Vice President Kashim Shettima has officially commissioned the ultra modern corporate headquarters of Northwest Petroleum and Gas Company Limited in Victoria Island, Lagos, describing the facility as a game changer set to rewrite standards of excellence for the nation’s oil and gas industry. Speaking at the commissioning, Shettima declared that the world class facility sends a clear message to investors, clients and Nigerians that Northwest Petroleum is poised for decades of service in a changing global energy economy, adding that Nigerian ownership must mean Nigerian capacity to compete and deliver. The Vice President attributed renewed investment and stronger performance across the oil industry to President Bola Ahmed Tinubu’s economic reforms, specifically pointing to the removal of subsidy on petroleum products and reform of the foreign exchange market as measures that confronted distortions discouraging productive investment. He said the stabilisation of the market is restoring the confidence businesses need to commit capital beyond the next quarter, stressing that greater exchange rate predictability strengthens procurement and supports production across the sector. Shettima commended Northwest Petroleum for building a strong Nigerian presence across the oil and gas value chain since 1998, noting that the facility will open doors for talented young Nigerians and deepen the skills on which the nation’s energy industry depends. Lagos State Governor Babajide Sanwo Olu described the private sector as the oil of growth, commending investors in the oil and gas, financial services and construction industries for their continued commitment to the state’s commercial economy. Chief Executive Officer and Founder of Northwest Petroleum, Mrs Winifred Akpani, said the facility represents the company’s confidence in the future, built to operate at the highest standards of excellence as the global energy landscape rapidly evolves. She said the future of the energy industry would depend increasingly on innovation, technology and development of Nigerian talent, with the facility designed to promote collaboration and empower the people driving the business. Also present at the event were former Lagos State Governor Akinwunmi Ambode, Dangote Industries Group Executive Director Fatima Aliko Dangote, and former Delta State Governor Chief James Ibori, among other dignitaries. By Asiwaju Adekunle Saheed
Continue Reading