The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr. Mele Kyari, has said that Nigeria's oil and gas industry recorded $3 billion investment in five years.

Kyari stated this when he featured on a live television programme Good Morning Nigeria on Nigerian Television Authority(NTA) in Abuja, yesterday.

Kyari said of the $50 billion global oil and investment, Nigerian was only able to attract $3 billion, assuring that the Petroleum Industry Act (PIA) will further aid the country's investment climate as more investors will now have confidence in the sector.

Kyari argued that the negative trend witnessed over the past years whereby Foreign Direct Investment (FDI) continues to elude the country will now become a thing of the past as the PIA will return investors confidence.

Also read: How Nigeria recorded biggest economic growth in 6 years – President Buhari

Read more of this post