I Will Reform Oil Sector - Buhari

Nigeria’s President, Muhammadu Buhari has
today, assured the nation and investors that his
government will definitely implement reforms to
boost accountability and transparency in Nigeria’s
oil and gas industry.
In a statement released during a meeting with
senior officials of Chevron, led by the company’s
President for Africa and Latin America, Ali Moshiri,
President Buhari said that his government is
gearing to effectively address the myriad of
challenges in the sector.
“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
announced to the delegation, according to a
statement by Garba Shehu, the Senior Special
Assistant to the President on Media and Publicity.
He also announced that he would build on the
good aspects of the Amnesty Programme initiated
by President Umaru Yar’Adua which was made to
reduce the violence in the Niger Delta region.
Buhari also announced that his government is also
looking to implement other measures to enhance
security in the Niger Delta and optimize
investments in Nigeria’s oil and gas industry.
In his statement, Mr Moshiri urged the President to
aim to restore confidence of international investors
in the Nigerian Oil industry.
He however said that investor are glad that
security in Niger Delta has improved and said that
his company, Chevron which has 36.7 per cent
interest in the West African Gas Pipeline Company
Limited, was keen to support Nigeria’s gas sector
and bring more electricity to Nigerian consumers.
Crude Oil is Nigeria’s most exported product to the
international market and accounts for much of the
nation’s GDP.