Minister of Industry, Trade and Investment, Otunba Niyi Adebayo, says the recent increase in the prices of petrol, diesel and aviation fuel has adversely affected businesses.
Adebayo spoke yesterday at the Nigerian Content seminar during the Nigerian Oil and Gas (NOG) conference in Abuja.
The session had: “Expanding the Nigerian Content Frontier through Intra-African Trade” as the theme.
He said the impact of the COVID-19 pandemic and the global energy transition to cleaner sources had made it imperative for stakeholders to develop new strategies that would aid the sustainable growth of the oil and gas industry.
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