President Mohammadu Buhari on Monday, July 14, 2015 said his government will build on the ‘good aspects’ of the programme instead of a total discard of the programme.
Speaking at a meeting with senior officials of Chevron in Abuja, President Buhari promised to effectively address the myriad of challenges in the sector.
According to the Vanguard, the officials of Chevron were led by the company’s President for Africa and Latin America, Mr. Ali Moshiri.
President Buhari assured both foreign and local investors of his readiness to implement reforms which will boost accountability and transparency in oil and gas industry.
“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, in a statement by his Senior Special Assistant on Media and Publicity, Mallam Garba Shehu acknowledged that the Amnesty Programme was initiated by President Umar Yar’Adua to reduce violence in the Niger Delta region.
The statement reads; “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. Ali Moshiri urged the President to ensure that the confidence of international investors in the industry is restored even as he “identified improved security in the Niger Delta as key to increased investment in the oil and gas sector in Nigeria.”
According to him, “Chevron which has 36.7 percent interest in the West African Gas Pipeline Company Limited, was keen to support Nigeria’s gas sector and bring more electricity to Nigerian consumers.”
