The Minister of State for Petroleum Resources, Chief Timipre Sylva has said that 2022 will be a great year for the nation’s oil and gas industry as a result of the enactment of the Petroleum Industry Act (PIA) 2021.
Sylva, who made the prediction in his New Year Message also stated that 2022 will be better than 2021 in the nation’s socio-political environment and urged Nigerians to keep the hope of a better Nigeria alive.
He said: “This is going to be a great year for Nigeria in the oil and gas sector of the economy. With the Petroleum Industry Act (PIA), Nigeria has set the stage for increase investments in the sector. We now have a law that governs the sector and creates confidence in the minds of potential investors and I am confident that we will make unprecedented progress in the coming years.
“Citizens need to continue to think positively of a better Nigeria, the President Muhammadu Buhari-led government will do its best to ensure that things continue to get better for the citizenry.
“2022 is going to be a good year for Nigeria. Things have started shaping up and with our collective support and prayers, we will achieve the Nigeria of our dream.
“This is not the time to despair but to rekindle our hope of a great and prosperous Nigeria. Just like the Israelites, with God on our side, we will certainly rise from the ashes to the zenith of prosperity.
“We need to keep hope alive and dream big in 2022. The outgoing year was a challenging one especially with the Covid-19 pandemic”.