President Muhammadu Buhari on Tuesday assured of the determination of the present administration to restore the country to the “good old days of accountability.”
Speaking at a meeting with the Director, Global Upstream of Shell Oil Companyr, Mr. Andrew Brown, at the State House in Abuja, the President said he would leave a legacy of improved infrastructure, particularly in the power sector, and also ensure better security in the Niger Delta.
“It is only by doing this that investor morale and confidence will return, and the economy will be positioned on the path of growth,” he said.
The President, who commended Shell for their faith in the economy and staying power, 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 would soon consider a proposal for the easing of unpaid arrears owed by the government.
The President said security of oil infrastructure would continue to be prioritized side-by-side with dialogue with the stakeholder-communities in the Niger Delta.
He, however, urged oil companies to take more responsibility in the protection of oil installations to complement the efforts of Nigerian Navy in the region.
In his remarks, the Shell Director, Mr. Andrew Brown, informed the President of the resumption of oil exportation through the Forcados terminal following its restoration.
He called for continued protection by the Nigerian Navy in view of repeated threats of attack by militants.
Brown commended the anti-corruption posture of the the administration and the efforts to streamline and stabilize the economy for long term projects, saying all the efforts would go a long way to reinforce Shell investment plans in Nigeria.
