Wednesday, 26 October 2016

Nigeria will return to the Golden Days under my Presidency – Buhari

Nigeria will return to the Golden Days under my Presidency - Buhari

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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