Muhammadu Buhari has said Nigeria is open to investments and ready to provide leadership for Africa in oil and gas.
He noted that “NIPS is also designed after the OTC in Houston to deepen, enrich and provide leadership for Africa and make it one of the most important annual oil and gas events globally.
“It is aimed at engendering potentially-economic benefits, generate employment and expand businesses in Nigeria and Africa.
“This summit will afford Nigeria a unique opportunity to showcase to the international community policy direction and efforts of government in the petroleum sector.
“This is especially in the new oil and gas exploration and markets, new measures to sanitise the sector, the expansion of investment opportunities to boost investors’ confidence, technological advancement and Nigeria’s content development.
“Nigeria is open to private investment in the downstream sector and pursuing vigorously a programme for the rehabilitation of existing refineries so as to enhance capacity to supply locally-refined petroleum products in Nigeria and West Africa.”
“We will continue to strive to achieve our target of seven per cent GDP growth rate within the next three years and be rest assured that previous efforts will be sustained.
“Our effort in stakeholder engagement and stabilising the Niger Delta will continue to receive due attention to ensure sustainable level of production, Buhari added.
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