Oil & gas sector accelerate poverty in Nigeria says LCCI

The Lagos Chamber of Commerce and Industry has appealed to operators in the Oil and Gas Sector of the National economy to help in the fight against the threatening poverty situation in the country. The Chamber’s President, Dr. Herbert Ademola Ajayi, who made this call weekend in Lagos, during the Chamber’s First Quarterly Business Luncheon at the Golden Gate Restaurant, Ikoyi, under the theme “Business Opportunity In The Oil & Gas Sector, ” noted that the greatest challenges facing Nigeria’s economy today is the poor linkages between the Oil and Gas sector. He pointed out that government has made an average investment of $10 billion annually and more than 80 per cent of the job value are done outside of the shores of the country, which he said has resulted in the high level unemployment in the country.

Vanguard