PRESIDENT Muhammadu Buhari has promised to solve the country’s perennial electricity problem, fix the Niger Delta security problem and also improve the infrastructural status before leaving office. Buhari also said that public office holders in Nigeria must be made to be accountable, restating the determination of his administration to restore the country to the “good old days of accountability”. The president who spoke at a meeting with the director, Global Upstream of Shell Oil Company at the State House, Abuja, on Tuesday, October 25, said: “It is only by doing this that investor morale and confidence will return, and the economy will be positioned on the path of growth.”
While commending Shell for its faith in the Nigerian economy, Buhari 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, FEC, would soon consider a proposal for the easing of unpaid arrears owed by the government. He said that the security of oil infrastructure would continue to be prioritised side-by-side with dialogue with the stakeholder-communities in the Niger Delta.
The president, however, urged oil companies to take more responsibility in the protection of oil installations to complement the efforts of Nigerian Navy in the region. According to a statement by Garba Shehu, the senior special assistant on media and publicity, Andrew Brown, Shell director, in his remarks told the president that Shell had resumed oil exportation through the Forcados terminal following its restoration. Brown, thus, called for continued protection by the Nigerian Navy in view of repeated threats of attack by militants. The Shell boss similarly 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 would go a long way to reinforce Shell investment plans in Nigeria.
— Oct 26, 2016 @ 14:40 GMT