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Dr Dakuku Peterside, former Chairman of the House of Representatives Committee on Petroleum , has urged the Federal Government to implement policies that incentivise investment in local refinery capacity.
He stressed that investors require support through low-interest capital and other incentives without compromising national interests. Peterside highlighted the importance of providing security and a conducive policy environment for investors, noting that no genuine investor would choose an unsafe environment over a secure one.
He advised investors to assess their risk appetite before investing and cautioned that inconsistent government policies and regulatory enforcement could deter investment.
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