President Muhammadu Buhari, on
Monday insisted that instances of corruption in the nation’s oil and gas
industry must not be allowed in any form.
Buhari stressed that his
government was working relentlessly to make transparency the watchword in all
oil and gas transactions.
Declaring open the maiden edition
of the Nigeria International Petroleum Summit, NIPS, Buhari told local and
foreign oil industry stakeholders in Abuja that his administration will not
stop the fight until a new image is created for the sector.
“Corruption in this industry must
not be allowed in any form. On our part we will not stop the fight until a new
image is created where transparency will be the watchword in all our
transaction,” he said.
The president, who was
represented by the Secretary to the Government of the Federation, Boss
Mustapha, said that effort in stakeholder engagement and stabilising the Niger
Delta will continue to receive due attention to ensure a sustainable level of
production.
He said Nigeria was open to
private sector investment in the downstream sector and pursuing vigorously a
programme for the rehabilitation of existing refineries so as to enhance
capacity to supply locally refined petroleum products in Nigeria and West
Africa.
His words, “This summit will
afford Nigeria a unique opportunity to showcase to the international community
policy direction and effort of government in the petroleum sector especially
the new oil and gas exploration and markets, new measures to sanitise the
sector.
“The expansion of investment
opportunities to boost investors’ confidence, technological advancement,
Nigerian content development, the institutionalisation of reforms in the
country’s oil and gas industry and the galvanisation of Nigeria’s position as
the leading oil producer in the continent of Africa”.
The NIPS, designed to be Africa’s
largest and most important oil and gas platform and linkage to the world, is
taking place in Abuja over the next four days.
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com