President Muhammadu Buhari has
assured investors that his administration will implement far-reaching reforms
to boost accountability and transparency in Nigeria’s oil and gas industry.
Speaking at a meeting with senior
officials of Chevron led by the company’s President for Africa and Latin
America, Mr. Ali Moshiri, President Buhari declared that his administration was
ready to effectively address the myriad of challenges in the sector.
"We understand the situation in the
industry and we will do our best to address the challenges affecting
exploration, production and distribution of oil products in the country,’’ the
President told the delegation.
Acknowledging
the merits of the Amnesty Programme initiated by President Umar Yar’Adua to
reduce violence in the Niger Delta region, President Buhari said that his
administration would build on the good aspects of the programme.
The
President added that his administration would also implement other measures to
enhance security in the Niger Delta and optimize investments in Nigeria’s oil
and gas industry.
Mr. Moshiri
had urged President Buhari to restore the confidence of international investors
in the industry.
He
identified improved security in the Niger Delta as key to increased investment
in the oil and gas sector in Nigeria.
Mr. Moshiri
said that Chevron which has 36.7% interest in the West African Gas Pipeline
Company Limited, was keen to support Nigeria’s gas sector and bring more
electricity to Nigerian consumers.
Channels TV
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