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New Policy To Boost Oil And Gas Underway …Buhari

President Muhammadu Buhari yesterday declared his administration’s resolve to undertake appropriate reforms and implement fresh policies to boost national income from oil and gas production.

A statement by the Special Adviser to the President on Media and Publicity, Femi Adesina noted that the President stated this while 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.

The President said that his government will also give priority attention to the security of oil and gas installations as well as maritime security in its bid to boost national earnings 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.

Assuring the NLNG delegation of his administration’s full support for plans to expand the total production capacity of the company, the President regretted that political squabbles and interference in the past had prevented it from attaining its full potentials. The Exxon-Mobil delegation was led by its Managing Director, Mr Nolan O’Neal.

The President Muhammadu Buhari, had also yesterday applauded steps being taken by the Office of the National Security Adviser (ONSA) and other agencies of government to rehabilitate victims of terrorism and violent extremism in Nigeria.

Speaking after receiving a briefing on the work of the Countering Violent Extremism (CVE) Department of ONSA, President Buhari said that the Federal Government will continue to do its best to ensure that victims of Boko Haram’s atrocities receive necessary support, even as it strives to rid the country of terrorism and insurgency in the shortest possible time. One of the objectives of the CVE is to reform terrorists and prevent others from joining terrorist organisations and violent sects.

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