Breaking News
Translate

DPR’s online registration increases investment

THE Department of Petroleum resources, DPR has attracted new investments into Nigeria through online registration.

Investigation by Sweetcrude showed that its new approach of getting local and foreign investors registered online has removed all previous bottlenecks, thus attracting more investors to do business in Nigeria’s oil and gas industry.

Dr Maikati Baru,Group Managing Director of the NNPC

Consequently, many investors, including service providers have been encouraged to invest in Nigeria.
In a report obtained from its website, DPR which has evolved from one stage to another stated: “Petroleum matters were handled by the Hydrocarbon Section of the Ministry of Lagos Affairs, which reported directly to the Governor-General.

“The Unit kept records on matters relating to exploration, and importation of petroleum products. It also enforced safety and other regulations on matters which were then mostly products importation and distribution. As the activities of the petroleum industry expanded, the Unit was upgraded to a Petroleum Division within the Ministry of Mines and Power.’’


Disclaimer

Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.