The House of Representatives Committee on Public Petition has summoned AGIP Oil Company to appear before it on June 26, to answer questions over an alleged N80 million debt owed to De Cooon Services Ltd. The House of Representatives Committee’s chairman, Michael Etaba, criticized AGIP for its non-payment and absence at the hearing, stating that it is unacceptable for a company like AGIP to neglect its financial obligations to local businesses.
Etaba emphasized that AGIP’s actions are not only harmful to De Cooon Services Ltd. but also undermine the growth of indigenous businesses in Nigeria. He stressed that the House of Representatives Committee’s will not tolerate such behavior and will ensure that AGIP takes responsibility for its debt. The House of Representatives Committee’s move is seen as a positive step towards protecting local companies and promoting fair business practices in Nigeria.
House of Representatives Committee to Agip Oil: Unfair Treatment of Local Companies
House of Representatives Committee’s Chairman Michael Etaba lamented the unfair treatment of local companies like De Cooon Services Ltd., run by Prof. Nelson Onubogu, in favor of foreign contractors. He noted that it is disturbing to see local businesses being neglected despite their contributions to the country’s economy. Etaba emphasized that the House of Representatives Committee will continue to support local companies and ensure that they receive fair treatment in the business landscape.
The House of Representatives Committee’s stance is seen as a boost to local businesses, which have long been advocating for fair treatment and equal opportunities. The move is also expected to promote economic growth and development in Nigeria, as local companies are more likely to invest their profits in the country.
House of Representatives Committee: Importance of Supporting Local Businesses
House of Representatives Committee’s decision to summon AGIP Oil Company highlights the importance of supporting local businesses in Nigeria. Local companies like De Cooon Services Ltd. play a crucial role in the country’s economy, providing employment opportunities and contributing to GDP growth. By supporting local businesses, the government can promote economic development and reduce dependence on foreign contractors.
House of Representatives Committee’s move is seen as a positive step towards promoting economic growth and development in Nigeria. By supporting local businesses, the government can create a more sustainable economy that benefits all Nigerians.
House of Representatives Committee: Consequences of Neglecting Local Businesses
The neglect of local businesses like De Cooon Services Ltd. can have severe consequences on the economy. It can lead to a decline in economic growth, reduced employment opportunities, and increased dependence on foreign contractors. The committee’s chairman, Michael Etaba, emphasized that the neglect of local businesses is unacceptable and will not be tolerated.
The committee’s stance is seen as a warning to companies like AGIP Oil Company, which have neglected their financial obligations to local businesses. The committee’s move is expected to promote fair business practices and protect local companies from exploitation.
House of Representatives Committee: Promoting Fair Business Practices
The House of Representatives Committee on Public Petition is promoting fair business practices in Nigeria by summoning AGIP Oil Company over its alleged debt to De Cooon Services Ltd. The committee’s move is seen as a positive step towards ensuring that companies take responsibility for their financial obligations to local businesses.
The committee’s stance is expected to promote a more sustainable economy, where local businesses are given equal opportunities to grow and contribute to GDP growth. By promoting fair business practices, the government can reduce corruption and promote economic development in Nigeria.
Ensuring Accountability in Business
The committee’s decision to summon AGIP Oil Company ensures accountability in business practices in Nigeria. The move is seen as a positive step towards promoting transparency and accountability in the business landscape. By ensuring that companies take responsibility for their financial obligations, the committee is promoting a more sustainable economy, where local businesses can thrive.
The committee’s stance is expected to promote economic growth and development in Nigeria, as companies are held accountable for their actions. By ensuring accountability in business practices, the government can reduce corruption and promote a more sustainable economy.
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