Nigeria has overcome Boko Haram, president tells investors

PanARMENIAN.Net - President Muhammadu Buhari told investors that Nigeria had overcome the security challenges posed by terrorists and extremists in the North-East, apparently meaning the Boko Haram group, Punch reported Tuesday, March 15.

Buhari spoke in Abuja at the 6th African Petroleum Congress and Exhibition, titled “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.