Alake says Tinubu’s reforms driving mining sector growth
Deji Elumoye and Folalumi Alaran in Abuja
Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, has said that resolving the 15 year-old dispute over OPL 245 will reposition the economy and strengthen the country’s fiscal muscle.
He also praised President Bola Tinubu’s visionary leadership, which enabled the breakthrough. Fagbemi,
who spoke at the weekend after the signing of the legal agreement that brought the dispute to an end in Abuja, described the development as a milestone in repositioning Nigeria’s economic landscape
He said: “The agreement marks a turning point for Nigeria’s oil and gas sector after more than two decades of legal battles and international arbitration”.
The federal government reached the settlement with Eni and Nigerian Agip Exploration Limited (NAEL), effectively ending the protracted dispute over OPL 245.
Fagbemi emphasised that resolving the dispute over OPL 245 will recalibrate the national economy and bolster the federal government’s fiscal position. According to him, early in the administration, Tinubu directed that all disputes over the oil block be resolved amicably in the best interests of the Nigerian people.
