– President-elect of the United States of America (USA), Mr. Donald Trump is billed to attend a federal government event
-The event is a roadshow organised by the government as part of efforts to attract investment into the oil and gas sector
Nigeria’s minister of petroleum, Dr Ibe Kachikwu has revealed that the president-elect of the United States of America (USA), Mr. Donald Trump is billed to attend a roadshow organised by the federal government.
According to Kachikwu, the roadshow is organised by the government as part of efforts to attract investment into the oil and gas sector.
The minister made the disclosure while unveiling his goals and those of the ministry of petroleum resources for 2017 in Abuja, Daily Sun reports.
His words: “We are going to be seeking to attract investments and complete all the MoUs we have in China and India.
“We are looking to do a roadshow to the UK, we are looking to do a roadshow to the US with President Donald Trump coming in.’’
The minister expressed the readiness of the federal government to pass the Petroleum Industry Bill (PIB) and allocate oil blocks in 2017.
“We are going to accelerate Federal Government’s revenues, look into areas where we could have made more money, so as to support the 2017 budget financing.
We are looking to draw on the relationship that the president has built over time. We are going to be conducting oil blocks allocations and marginal flow awards to try and raise money for the government,” he said.
He also assured stakeholders in the oil and gas sector that Nigeria’s refineries would be revamped to produce at 60 per cent capacity.
He said: “We need to start the revamping of the refineries. The president has given us marching orders on that. We still remain committed on our goal of 2018 to reduce importation by 60 per cent and 2019, stop the importation of petroleum products substantially.
“Now we are going to continue to focus on downstream issues. Although we have liberalised, there are still some challenges.
“We are going to see how we work within the liberalisation infrastructure such that we are able to take away the low-hanging difficulties.
“We are also going to focus on the Niger Delta. It’s been too long a lingering issue. We are going to be working with every aspect of the Presidency to try and find solution to this.
“On the other hand, we are going to run at a rocket pace. We have so much to do. First, we are going to firm up our policies, be able to gazette all our oil and gas policies and then pass the PIB.”
CREDITS: This article is culled from: https://www.naij.com/1081943-donald-trump-attend-nigerias-us-oil-gas-roadshow.html