France Ambassador to Nigeria, His Excellency, Denys Gauer, declared this when the Group General Manager, Group Public Affairs Division (GPAD) of the Nigerian National Petroleum Corporation (NNPC), Mr. Ndu Ughamadu, led a delegation to his office in Abuja.
Mr. Gauer said that French Development Agency has put in place about one billion Euros to encourage French investors to invest in the Nigeria oil and gas sector, adding that the French government is also cooperating with the Federal Government in the fight against Boko Haram insurgency.
For More:Visit Us at Uju Ayalogu's Blog
The French Ambassador commended the Federal Government for stemming the Niger Delta insecurity situation noting that Total, a French multinational oil and gas company, had significant investment equity in the Nigeria Liquefied Natural Gas Limited (NLNG) and Egina project.
He, however, expressed concern that some other French companies were having challenges with the unclear Nigeria’s fiscal policies in the oil and gas sector revealing that some French investors were currently developing wind energy and solar energy in Katsina State.
Earlier, the Group General Manager, Group Public Affairs Division of NNPC, Mr. Ughamadu, said the corporation under the current management led by the Group Managing Director, Dr. Maikanti Baru, was well positioned and open to investment opportunities from the French government and investors.
Mr. Ughamadu noted that with the significant scale down in pipeline vandalism and insecurity which has boosted oil production, global investors such as the French government can now invest in renewable energy, gas and power infrastructural development, pipeline construction, storage facility and the direct sales and direct purchase of Nigeria crude oil grades.
He said the NNPC, as the state owned oil and gas corporation, had global operations and called for closer collaboration between the French government and the corporation especially in the area of consular services in order to enable NNPC top executives and staff meet their global engagements.
Are you an artiste? Do you want your music to go viral and reach a large number of audience? Promote your music and Submit your story on Ujuayalogusblog.com by clicking here. For Advert Inquiries Tel/+44(0)7590363984 Subscribe to Ujuayalogusblog.com News!
ALL RIGHTS RESERVED. 2015-2017 @ Uju Ayalogu's Blog NIGERIAN NEWS
For More:Visit Us at Uju Ayalogu's Blog
No comments:
Post a Comment