Vice President Kashim Shettima on Friday commissioned the ultramodern corporate headquarters of Northwest Petroleum & Gas Company Limited in Victoria Island, Lagos, describing it as a game-changer for Nigeria’s oil and gas industry.
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‎Shettima, who performed the ceremony in Lagos, said the state-of-the-art facility sends a clear message to investors, clients and Nigerians that Northwest Petroleum is poised for decades of service in an evolving global energy economy.
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‎”We take particular pride in seeing an indigenous enterprise expand with such conviction. Nigerian ownership must mean Nigerian capacity to compete, invent and deliver,” the Vice President said.
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‎”This headquarters brings strategic leadership and innovation under one roof, telling investors, customers and our citizens that Northwest Petroleum is preparing for decades of service in a changing global energy economy. The progress recorded here should make our country harder to dismiss,” he added.
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‎He noted that while the new head office marks an expansion for the indigenous downstream player which has operated since 1998, it will also provide a modern environment for collaboration, professional fulfilment and strategic achievement across its workforce and partners.
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‎The Vice President attributed renewed investment and stronger performance in the oil and gas sector to the economic reforms of President Bola Tinubu.
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‎He cited the removal of subsidy on petroleum products and reform of the foreign exchange market, saying they have confronted distortions that discouraged productive investment.
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‎”The stabilisation of the market is restoring the confidence businesses need to commit capital beyond the next quarter. A business must be able to plan before it can expand. Greater exchange rate predictability strengthens procurement, improves investment decisions and supports production,” Shettima said.
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‎He assured that the Tinubu administration will continue to foster conditions that reward enterprise, encourage technological advancement and sustain growth.
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‎”Our administration will continue to foster conditions that reward enterprise, encourage technological advancement and sustain growth. We recognise the sacrifices reform has demanded, and our obligation is to translate economic progress into better lives,” he stated.
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‎Shettima stressed that government cannot manufacture prosperity by proclamation, adding that it requires private enterprises that turn investment into employment and opportunity.
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‎According to him, the new facility will open doors for talented young Nigerians, offer professionals room to advance and deepen the skills on which the nation’s energy industry depends.
Shettima Commissions Northwest Petroleum’s Ultramodern Head Office in Lagos
