After a month of being in Power President Buhari has finally spoken about an economy (well, a section of the economy).
The President gave a brief insight about his plans for the Oil and Gas Sector when he met with delegations from Exxon-Mobil and the Nigeria Liquefied Natural Gas Company (NLNG). Here is what he said
“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 would 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.
“Today, we are celebrating six trains. It could have been 12 trains if all had gone according to plan,” Source Channels
It’s been 30 days coming and finally one sector has gotten an idea of what his plans could be for them. The oil and gas sector is a mainstay of our economy and many will be reading in between the lines of this comment.