President Muhammadu Buhari on Tuesday said he was determined to restore Nigeria to the “good old days of accountability.”
According to a statement by his Senior Special Assistant on Media and Publicity, Garba Shehu, the President spoke at a meeting he had with the Director, Global Upstream of Shell Oil Company, Mr. Andrew Brown, at the Presidential Villa, Abuja.
Buhari was further quoted as promising that he would leave a legacy of improved infrastructure, particularly in the power sector, and also ensure better security in the Niger Delta.
“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.
Buhari, who commended Shell for their faith in the economy and staying power, gave assurances on some issues of concern raised by the company.
For instance, on the protracted issue of cash calls, the President assured the delegation that the Federal Executive Council would soon consider a proposal for the easing of unpaid arrears owed by the government.
He said the security of oil infrastructure would 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 the Nigerian Navy in the region.
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 attack by militants.
Brown commended the anti-corruption posture of the Buhari 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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