President Muhammadu Buhari has called on African leaders to support whatever will help drive infrastructure development in the oil and gas sector in the region.
Buhari gave the advice at the opening ceremony of the second edition of the Nigerian International Petroleum Summit (NIPS) in Abuja on Monday.
The Theme of the summit was “ Shaping the Future through Efficiency and Innovation.’’
The President, represented by the Minister of State for Petroleum Resources, Dr Ibe Kachikwu, said that infrastructure development in the sector would help to boost various economies in the continent.
“The theme of this particular conference is one, Africa, two collaboration, three futuristic. The sheer fact of collaboration in Africa is something that should be of concern for African leaders.
“In the last three days, a delegation from African countries, represented by some of their ministers were here to attend the African Petroleum Producers Organisation (APPO) extra-ordinary meeting.
“That meeting was dedicated to finalising the prototypes of reforms we want to bring into APPO.”
According to him, the meeting came up with the idea of expanding the role of the financial body “African Energy Investment Corporation.”
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President Buhari said that the idea was to mobilise about two billion dollars to begin to fund all the essentials that were necessary for proper collaboration in Africa.
He said that it was unfortunate that most African countries were operating in silos in building pipelines and gas plants, among others.
“If we are able to extend the hands of infrastructural development in Africa, build pipelines, joint plants, refineries and begin to protect African market, we would have taken a huge step not only for Africa but stabilisation of independence of African countries,’’ he said
He said that APPO had signed a resolution on major projects and would soon commence implementation.
The president said that Africa had no option than to focus on what needed to be done to secure the future of the region.
He said that Africa was still faced with the challenge of Shale, oil pricing, investment limitation and so many others.
“When you look at the opportunity side, so much are going on like Egina project by Total Nigeria, Shell is getting ready for Bonga, Agip is working right now with Zabazaba, that is all in Nigeria.
“But all over Africa, discoveries abound and suddenly, we find out that opportunities are coming with huge challenges, challenges relating to production.
“You cannot produce oil like before, people have to check the environmental impact of what they do, host community challenges are not just becoming just vociferous, but militant in nature,’’ he said
He said the means of getting finances were also getting tighter, adding that most emerging economies finding oil were also faced with huge challenges.
Buhari said that unless polices, market place, collaborative mechanism and infrastructure, the continent would continue to be faced with huge challenges.
He said that independent producers were contributing 12 per cent of the nation’s production, but needed to be improved to 30 per cent.
“We need to create models that would encourage them to invest their money, seek resources and refinances,’’ he said.
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The President said that there was the need to harness human capabilities in the country for the benefit of the continent.
Dr Maikanti Baru, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), said that summit was a veritable platform to discuss African challenges,
“This is a good platform to share ideas that will help African economies and move the continent forward,’’ he said
According to him, issues on infrastructure, transparency and regulatory framework remain the focus in the drive for collaboration in the region.
He said that Nigeria and Morroco had signed an MOU on the gas pipeline which would connect about 15 countries and even serve gas demand of Europe.
“The feasibility study has been concluded, the pre-Final Investment Destination (FID) is ongoing. When concluded, it will help to boost industrialisation which will take Africa to the next level.
“Africa needs to collaborate and trade with each other,” he said.
Baru urged participants to actively participate for a greater result that would bring about growth and development in the oil and gas sector and the continent at large.
APC LIES LIES LIES…….!!!!!
If Buhari was a commodity in the market, it would have been banned because it is a bad product.
HSBC & UBC Global banks have joined the statistics. They have shut down and packed out of Nigeria. Buhari is a real problem in this country. Again, Foreign investment falls by $500m in Q1 2018. FG has approved N60billion for rice importation subsidy. This is the same rice that they denied importing. Liars! How much money do theses Buhari’s APC want to steal to be enough? Again $18.48million contract has been awarded 4months presidential election as immediately ordered by presidency without due process. How long will Buhari steal from NG. FG Withdraws $1.6bn In Three weeks, Shrinks ECA To $631m, 2 months to election.
Nigeria’s Problem Appears To Be Global, Arms from Libya, Herdsmen from Mali, Insurgents from Somalia,Leadership from Sudan,Polling booths in Chad and Niger- Shehu Sani
I didn’t know that Buhari was so lifeless until. No wonder he (Buhari) gave 8 dead people appointments while labeling hardworking Nigerian youths as lazy.
Now this corrupt Buhari administration wants to privatise Ajaokuta steel. Who wants to buy it? Dongote again?……And again buhari seeks NASS approval for $2.78 eurobond 5months to presidential election. Why? For what? Nigeria borrows N2.7trillion in one year to do what? Everything about Buhari is forgery and lies:
0. Presidency borrows $3.1bn usd for road and railway 7 months to presidential election.
1. Buhari himself forged waec certificate
2. His finance minister forged nysc certificate, then resigns.
3. The newly appointed finance minister resumes office with lies that Nigeria has not debt problem.
4. Some of his ministers such as Adebayo Shittu, forged nysc certificates.
5. His ministers forged 25billion dollars nnpc contact, then lied till today.
6. In Aso rock clinic embezzled N9.17billion in 4years, documents were forged to cover up. Yet deficit was still short of billions.
7. Buhari himself as protroleum minister till now cut out 50billion naira petroleum account to himself and then forged a cover up. No one can question him on that till now.
8. Assisted by Buhari, Gov. Bello of kogi with inec, forged signatures of the electorate to recall Dino. Thank God kogi people stood their ground.
9. Adamawa state governor (Jibrilla Bindow) sued for forging SSCE certificate.
10. They lie about everything, lie about economy, lie about security, lie about electricity, lie about employment, and even lie about jellof rice.
11. Buhari used 30,000 police officers with Inec officials to rig election in Ekiti for APC.
12. INEC acts on Buhari’s instruction to cancel election result in Osun state just because Adeleke of PDP won gubernatorial election. Then Buhari sends fayemi of Ekiti to woo Omishore to support APC for a rerun after instructing INEC officials to tear ballot papers of those who voted for Adeleke of PDP.
13. APC offered Omisore N450 million to sell osun state to APC and he did. Osun state is so cheap to buy.
14. …….and finally Oshiomole admitted that APC RIGGED Osun gubernatorial election in a press conference.
15. They lie about giving ASUU N20bn and ASUU responded immediately to their lie by cautioning to stop the lying.
16. Even Ganduje, the governor of kano state, who has become dollar machine and who was caught in the act, still lies that he was not the one in the video. Ganduje has become a celebrity as buhari praises his prowess. This governor must go home!
17. Service chiefs attended Buhari’s next level in full uniform and there are pictures of it yet this lying govt. Lied about it.
18. ETC
How many jobs has this government been able to create? Nigeria’s Unemployment Rate Rises From 17.6million To 20.9million In Nine Months as of dec. 2018. 7.9milliion Nigerians who were already employed lost their jobs in just 21 months of Buhari’s administration. Buhari is nigeria’s problems. He is supposed to be sent back to school to write waec because he doesn’t have a certificate. He has destroyed Nigeria with his bad policies.
This is a typical example of how Buhari’s policies has been destroying the country for the past 3 years counting. We have a bunch of clueless individuals in Buhari’s administration. Yet everyday, they boast of their stupidity. What do you expect from a man who cannot produce his waec certificate?
Buhari and APC have completely destroyed Nigeria with very bad policies. It’s a shame that Kenyan airlines has added to the statistics. They lied to us:
LIE NUMBER 1: Corruption is responsible for Nigeria’s economy woes.
The simple question which we all should be asking ourselves is, ‘why is it that EFCC has recovered all these money, from looters, yet nigeria’s economy has not improved and still so bad,? We have all been deceived into believing that it is looted money that is responsible for Nigeria’s economic woes but it is not because one would think that if looted money was recovered, Nigeria’s economy should improve, but this is not the case. The economy is running aground instead. All we do is gabbage in gabage out, swallowing all the lies they tell us, without reasoning. APC has been peddling the lies to the gullible. Meanwhile, EFCC is APC’s mechinery to hunt down all political enemies of Buhari and APC. Where are those recovered loots?
LIE NUMBER 2
Oil price is the cause of Nigeria’s economic woes.
They all give low oil price as reason for failed economic policies, but also forgot to mention that Buhari was aware of dynamic oil price before he made the promise to Nigerians that he will make 1 naira = 1 dollar, deceiving Nigerians to get the votes. Secondly they forgot to mention that oil price during past administrations was not static, yet past governments were able to balance dynamic oil prices with good economic policies to buffer the economy, this was the reason Nigeria became the largest economy in Africa. Almost all oil producing country around the world are now stable except the nigerian economy. So you no longer need to wonder why Buhari is compared to GEJ. More than 40 flights have stopped flighing in Nigeria including international flights. Ethiopian airlines wants to buy Arik Air. More than 800 Companies and foreign investors have stopped operation in Nigeria, including the famous tomato factory, says NACCIMA. In Buhari’s first yr in office, the banking sector and other institutions fired so many employees increasing the percentage of unemployment. CBN rolled out very bad policies that drove investors out of the country which today they (CBN) have reversed, and the list goes on. All these events are not caused by low oil prices. Buhari and his APC government are just a mess. They messed up this country. They destroyed this country with very bad policies.
LIE NUMBER 3
Lack of diversification of the economy is responsible for economic woes.
Yet instead of spending time and resources on diversifying the economy. They go back to look for more oil in Sokoto, Borno, benue states, etc ….that same oil they are blaming as the cause of Nigeria’s economic woes.
Buhari, APC and FG are liars. They have no viable economic policies to the drive the Nigerian economy.
I can mention a few important achievements that Buhari has made so far:
1. Celebration of Ganduje
2. Commissioning of mango trees
3. Commissioning of shoemaker boxes.
4. Transformation of boko Haram to a mega cooperation!
5. Establishment of killer fulani herdsmen to grab Lands.
6. Forging of his waec certificate
7. Successful killing of Christians and wasting of innocent lives.
8. Kidnap (catch and release) of Chibok girls and detention of leah to hurt the south.
9. Exposition of illiteracy of the IGP and encouraging impunity in kaduna state by using El-rufai.
10. Suppressing the people of south gombe because they don’t want to identify with corrupt APC.
Buhari and his APC have destroyed and buried Nigerian..
WHY BUHARI MUST RESIGN !!!
1] 15 SANs Defended BUHARI On A Certificate He NEVER Had and There was no call for Buhari to Resign. Yet Buhari is fighting corruption!
2] Buhari has forged WAEC certificate on 2 different occasions; in 2015 and 2018, and there are no calls for buhari’s resignation. Yet buhari says he is fighting corruption. Is forgery not a crime? Is forgery not corruption? Why are there no calls for buhari’s resignation?
3] Buhari lied under Oath that his Certificate was with Military Board, which the Military denied and There was no call for Buhari to Resign and Buhari says he is fighting corruption.
4] Buhari claimed to have sat for the Cambridge Syndicate Exams in 1961 and in 2018 Buhari turned round to Present an Attestation certificate for another Exam body WAEC that has no relationship with Cambridge. Yet no one called for Buhari to Resign and Buhari says he is fighting corruption.
5] Till this day Buhari has Presented NO WAEC Certificate to INEC, even after receiving an Attestation, and his supporters find nothing wrong with that or …….the Mobs calling for CJN’s resignation. ….and Buhari says he is fighting cortuption.
6] Daily Mirror, a UK Daily revealed that Buhari having numerous Bank Accounts in UK where £250,000 grants are paid to him and his children’s school fees are paid in various UK Universities. These are undeclared assets. Yet All we knew was that Buhari has 150 cows, a brick house and a mud house. Yet there are no calls for buhari’s resignation and buhari says he is fighting corruption.
7] Show me the asset declaration of 2015 of Buhari stating the Buhari had $157,000usd which his son used to buy power bike? All we knew was that Buhari has 150 cows, a brick house and a mud house. Yet there are no calls for buhari to resign and buhari says he is fighting corruption.
8] Show me the asset declaration of 2015 showing that Buhari had N2.5billion naira which his wife Aisha had claimed that her Adc has stolen. All we knew was that Buhari has 150 cows, a brick house and a mud house. Yet there are no calls for Buhari to resign and Buhari is still fighting corruption.
9] Show me the asset declaration that Buhari had previously owned keystone bank and 9Mobile in 2015. All we knew was that Buhari has 150 cows, a brick house and a mud house. Yet there are no calls for Buhari to resign and Buhari says he is fighting corruption.
10] ……But the CJN Onnoghen, who forgot to declare the domicillay account he opened in 2011, in 2012, but rather voluntarily and without pressure from CCB declared in 2016, is now SUDDENLY a corrupt CJN in 2019, JUST ONE MONTH TO ELECTION. Yet there are no calls for Buhari resignation and buhari says he is fighting corription.
11] Meanwhile, The acting CJN appointed on Friday 25th jan. 2018, has 32 children and over N1.3 billion in his account as at today. How did he come about such money that far exceeded his total salary since he became a judge
12] Even among the 250 appointees, Buhari appointed 10 Dead, Retired Judges Among Newly Appointed Election Petition Tribunals’ Members. Why does buhari love associating with the dead? The other day he gave 8 dead people federal appointments. Yet there are no calls for buhari’s resignation and buhari says he is fighting corruption.
13] Falana wanted NASS to probe Buhari for unconstitutional withdrawal of $496million from excess crude account, this has not happened. Yet there are no calls for buhari’s resignation and buhari says he is fighting corruption.
14] As Petroleum minister, buhari has drained Excess crude account on 4 different occasion in 3 years, 7months and set aside N50billion NNPC account to himself. Yet there are no calls for Buhari’s resignation and buhari says he is fighting corruption.
15] Why were journalists barred from covering 2018 budget presentation by Buhari? Why was there no consultation before presentation of 2018 budget, between the executive vs MDAs and NASS. Till now, Buhari cannot account for N11trillion of 2016, 2017 budget. Where is the money? Yet there are no calls for Buhari to resign and Buhari says he is fighting corruption.
16] Just about 10% of 2017 budget had been implemented yet Buhari had sought N8.612trillion for 2018 budget. The public does not know what has happened to funds meant for 2018 budget. Yet there are no calls for Buhari’s resignation and buhari says he is fighting corruption.
17] CBN confirms Buhari gov’t withdrew $3.2bn from NLNG dividend account in 3 years. Where is the money? Yet there are no calls for Buhari’s resignation and buhari says he is fighting corruption.
18] FG spend N3.5million monthly to feed El-Zakzaky. This money is noted to be spent daily right now. El-Zakzaky’s family had comfirmed that this was a lie but his wife and children cooked for him daily and sometimes they had no money to buy food. Yet there are no calls for Buhari’s resignation and buhari says he is fighting corruption.
19] Where is the N10.9bn naira budgetary allocation for Aso Rock clinic. This money could fund the clinic and all public hospitals in Nigeria but Buhari’s APC Cabal looted it. Yet there are no calls for Buhari’s resignation and buhari says he is fighting corruption.
20] Buhari-Osibanjo School feeding programme cost $1.8million USD a day (N66billion spent already). Where is the food? Yet there are no calls for Buhari’s resignation and buhari says he is fighting corruption.
21] Buhari’s cronies such as Oshiomole his party chairman has a N311 million naira fraud case in court presently. Lie muhammed has N2.5million naira fraud case in court presently, babachir, oke, baru, maina, Ganduje, Daura, abba kyari, etc., have all been indicted for corruption but Buhari has refused to jail them. There are no calls for buhari’s resignation and buhari says he is fighting corruption.
22] ETC.,
CBN confirms Buhari gov’t withdrew $3.2bn from NLNG dividend account in 3 years.
a. BUHARI HIMSELF IS ABSOLUTELY CORRUPT
b. BUHARI HAS NO INTEGRITY
c. BUHARI IS A CRIMINAL (….for forgery)
d. BUHARI IS NOT QUALIFIED TO RUN FOR PRESIDENT
e. BUHARI HAS NO RESPECT FOR THE RULE OF LAW
f. BUHARI HAS NO RESPECT FOR THE CONSTITUTION OF NIGERIA
g. BUHARI HAS NO RESPECT FOR THE DEMOCRATIC INSTITUTIONS OF NIGERIA
h. BUHARI DOES NOT FOLLOW DUE PROCESS
BUHARI MUST RESIGN !!! His cabal must be disbanded!