President Muhammadu Buhari on Wednesday directed the management of the Nigerian National Petroleum Corporation to work more closely with the indigenous oil producers in the country to resolve the problems facing them.
He assured indigenous companies operating in Nigeria’s oil and gas sector of the full support and protection of his administration.
According to a statement by his Senior Special Assistant on Media and Publicity, Garba Shehu, the President spoke at a meeting with members of the Independent Petroleum Producers Association in the Presidential Villa, Abuja.
Buhari commended their determination to increase the participation of Nigerians in the country’s oil industry and promised to do all within his powers to address the challenges which they currently face.
“We have the manpower for a more effective participation in our oil industry. We will give you all possible encouragement. You certainly won’t be ignored under my leadership,” the President reportedly told members of the association, which represents about 20 Nigerian companies operating mainly on onshore fields.
He assured the Nigerian oil producers that the present administration would take appropriate actions to maintain and enhance security in their areas of operation, noting that better security would help to lower production costs, which, he said, had become unnecessarily high in the country.
Mr. Austin Avuru, who spoke on behalf of the Nigerian oil producers, told the President the challenges currently being faced by the group such as security and the funding of joint ventures with the NNPC.
He told the President that the indigenous oil producers were already making significant contributions to the development of the Nigerian economy and could do more with the support of the present administration.
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