President Muhammadu Buhari has restated
the determination of his administration to
restore the country to the “good old days of
accountability”. Speaking at a meeting
Tuesday with the Director, Global Upstream of
Shell Oil Company at the State House, Abuja,
President Buhari said he will leave a legacy of
improved infrastructure, particularly in the
power sector, and ensure better security in the
Niger Delta.
“It is only by doing this that investor morale
and confidence will return, and the economy
will be positioned on the path of growth,” the
President said. President Buhari, who
commended Shell for their faith in the
economy and staying power, 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. President Buhari assured that the
security of oil infrastructure will continue to
be prioritized side-by-side with the dialogue
with 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 Director, Mr. Andrew
Brown, 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
attacks by militants.
Brown commended the anti-corruption posture
of the Buhari administration as well as the
efforts to streamline and stabilize the
economy for long term projects, saying all the
efforts will go a long way to reinforce Shell
investment plans in Nigeria.
0 comments: