L
LequteMan
Guest
Nigeria's President Muhammadu Buhari has promised to undertake appropriate reforms and implement fresh policies to boost national income from oil and gas production.
Speaking at separate meetings with delegations from Exxon- Mobil and the Nigeria Liquefied Natural Gas Company (NLNG), President Buhari listed the removal of bureaucratic bottlenecks created by multiple government agencies that currently impede the operations of companies in the oil and gas sector as one of the reforms to be undertaken by his administration.
He also said his government will give priority attention to the security of oil and gas installations as well as maritime security in its bid to boost nationalearnings from the sector.
"It is the responsibility of the Federal Government to secure the environment.
"The vandalism of oil installations and pipelines, piracy, oil theft and the fall in the international price of oil have made our economic situation very disturbing.
"This government will do all within its powers to secure the environment and encourage more investments in the oil sector,’’ President Buhari said, adding that his administration will ensure that Nigeria's oil and gas industry quickly becomes more globally competitive.
Speaking at separate meetings with delegations from Exxon- Mobil and the Nigeria Liquefied Natural Gas Company (NLNG), President Buhari listed the removal of bureaucratic bottlenecks created by multiple government agencies that currently impede the operations of companies in the oil and gas sector as one of the reforms to be undertaken by his administration.
He also said his government will give priority attention to the security of oil and gas installations as well as maritime security in its bid to boost nationalearnings from the sector.
"It is the responsibility of the Federal Government to secure the environment.
"The vandalism of oil installations and pipelines, piracy, oil theft and the fall in the international price of oil have made our economic situation very disturbing.
"This government will do all within its powers to secure the environment and encourage more investments in the oil sector,’’ President Buhari said, adding that his administration will ensure that Nigeria's oil and gas industry quickly becomes more globally competitive.