President Muhammadu Buhari has restated the determination of his
administration to restore the country to the what he calls good old
days of accountability.
At a meeting with Mr Andrew Brown, the Director, Global Upstream
of Shell Oil Company at the State House, Abuja yesterday, Buhari said
he will leave a legacy of improved infrastructure, particularly in the
power sector, and also ensure better security in the Niger Delta
region.
“It is only by doing this that investors’ morale and confidence
will return and the economy will be positioned on the path of growth”,
the President said.
He commended Shell for its faith in the economy and staying power.
He gave assurances on some issues of concern raised by the company.
On the protracted issue of cash calls, the President assured that
the Federal Executive Council will soon consider a proposal for the
easing of unpaid arrears owed by the government.
He assured his guest that the security of oil infrastructure will
continue to be prioritised side-by-side with dialogue with the
stakeholder-communities in the Niger Delta.
He, however, urged oil companies to take more responsibility in
the protection of oil installations to complement the efforts of
Nigerian Navy in the region.
In his remarks, the Shell boss informed the President of the
resumption of oil exportation through the Forcados terminal following
its restoration.
He called for continued protection by the Nigerian Navy in view of repeated threats of attack by militants.
Brown commended the anti-corruption posture of the administration
as well as the efforts to streamline and stabilise the economy for long
term projects, saying all the efforts will go a long way to reinforce
Shell investment plans in Nigeria.
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