President Muhammadu Buhari says rising crude oil prices present a great opportunity for Nigeria, especially with the passage of the Petroleum Industry Act.
He said this in Abuja while declaring open the fifth Nigeria International Energy Summit, themed: Revitalising the Industry: Future Fuels and Energy Transition.
Global crude oil prices went up to one hundred and four dollars per barrel following the ongoing hostilities between Russia and Ukraine.
The president who spoke through Minister of State for Petroleum Resources, Timipre Sylva, noted that the summit had been of great value in terms of policy input for government and business development resources.
