President Buhari Monday in Abuja met with Chevron officials and assured investors that his administration will do anything within it's power to boost accountability and transparency in Nigeria’s oil and gas industry.
The president made the declaration while speaking with senior officials of Chevron led by the company’s President for Africa and Latin America, Mr. Ali Moshiri, President Buhari also stated that his administration was ready to effectively tackle the various challenges plaguing the sector.See the press statement from the presidency as well as more photos after the jump!!!
“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 will build on good aspects of the programme.
The President added that his administration will 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 per cent interest in the West African Gas Pipeline Company Limited, was keen to support Nigeria’s gas sector and bring more electricity to Nigerian consumers.
Garba Shehu
Senior Special Assistant to the President
(Media & Publicity)
July 13, 2015
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