Buhari Promises To Return Nigeria To Good Path

Hamilton Nwosa
Writer
new-diplomat default image
new-diplomat default image

Ad

Unknown Facts About Olufemi Oluyede, Waidi Shaibu, Other New Security Chiefs

By Abiola Olawale ​President Bola Tinubu's recent shake-up of the security architecture, which saw the appointment of General Olufemi Oluyede as the new Chief of Defence Staff (CDS) and Major-General Waidi Shaibu as the Chief of Army Staff (COAS), has dominated headlines. While their appointments signal a major shift in the nation's security strategy, many…

Tinubu Hails Nigeria’s Exit from FATF Grey List

By Abiola Olawale President Bola Ahmed Tinubu has hailed Nigeria’s formal removal from the Financial Action Task Force (FATF) list of jurisdictions under increased monitoring. This is as the President hailed the development as a "major milestone" and a "strategic victory" for the nation's financial integrity. ​The New Diplomat reports that FATF, a global financial…

Trump’s Sanctions Light a Fire Under Oil Prices

Oil markets roared back to life after Trump’s sanctions on Russia’s top oil producers sent prices surging. Trump’s sanctions on Russia’s top oil firms have cut short the past weeks’ downward pricing movement, with stories of record high crude on water, flattening backwardation curves and weakening Chinese SPR purchases now all put on the back…

Ad

Despite the current economic situation and the criticism of his administration, President Muhammadu Buhari has pledged to return the nation to the good old path.

Buhari said, his administration will leave a legacy for the nation, as he pledged to restore the country to the “good old days of accountability.”

Speaking at a meeting with the Director, Global Upstream of Shell Oil Company, at the State House, Abuja, on Tuesday, Buhari said he would leave a legacy of improved infrastructure, particularly in the power sector, and also ensure better security in the Niger Delta.

Senior Special Assistant to the President on Media and Publicity, Mr. Garba Shehu, in a statement in Abuja, quoted Buhari as saying that “it is only by doing this that investors’ morale and confidence will return and the economy will be positioned on the path of growth.”

Commending Shell for its faith in the economy and staying power,  the President 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 (FEC) would soon consider a proposal for the easing of unpaid arrears owed by the government.

“The 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 for 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.

Brown asked for continued protection by the Nigerian Navy in view of repeated threats of attack by militants.

 

Ad

X whatsapp