» "We Have Overcome Boko Haram" - Buhari Tells Investors «

President Muhammadu Buhari on Monday told investors
that Nigeria had overcome the security challenges hitherto
posed by terrorists and extremists in the North-East.
Buhari spoke in Abuja at the 6th African Petroleum
Congress and Exhibition which had the theme ‘Positioning
African Petroleum for Global Development and Value
Addition.’
The President, who was represented by Vice President
Yemi Osinbajo, urged investors at the international
gathering to consider investing in Nigeria, as he assured
them that the country was safe for their investments.
He said, “I am pleased to announce that as a result of
regional cooperation and the doggedness of our armed
forces, Nigeria has overcome the security challenges
hitherto posed by terrorists and extremists in the
northeast.
“Nigeria is therefore ready and accessible for investments
from all interested countries, individuals and partners. Let
me assure you that your investments are secured in
Nigeria and a high return on investment is assured.”
The President confirmed that the unbundling of the
Nigerian National Petroleum Corporation was part of
strategies aimed at repositioning Nigeria’s oil and gas
sector and announced a daily crude oil production target of
2.8 million barrels per day for country.
He told guests at the event that as part of strategies to
reposition the oil industry, his administration had
commenced the process of implementing carefully
conceived initiatives.
He said, “Some of these include strengthening the
institutional framework on policy formulation through
legislation on the Petroleum Industry Bill as a prerequisite
for the development of the sector and attraction of foreign
investment; unbundling the national oil company, that is
the Nigeria National Petroleum Corporation into lean,
efficient and profitable components, that will operate as a
business venture and deploy existing manpower to areas
of competences without attendant job losses.”