News, Seat of Power

What we earn from oil almost insignificant compared to our challenges, says President Buhari

President Muhammad Buhari says investments cannot thrive in an atmosphere of social and political instability, so, the Federal Government would do all within its powers to safeguard the interest of investors.

The President spoke at State House, Abuja, Thursday, while playing host to the Chairman/Chief Executive Officer of Total Group Worldwide, Mr Patrick Pouyanne.

Said President Buhari: “The relationship between us and Total has been long and mutually beneficial. We want it to remain so. We have to be honourable, honest, and work together, so that we can improve. At our end, we promise social and political stability, so that you can recover your investments. It’s our duty as government, and we will do it, so that we can maintain mutual confidence in each other.”

Mr Pouyanne disclosed that apart from oil and gas, which is its core activity, Total was also willing to develop the solar power potentials of Nigeria.

“Our portfolio is large. We have many more projects to come. The prospects for Nigeria in oil and gas remain huge. More developing activities are possible, and we need to keep the momentum, and commit more investments to Nigeria,” he said.

Femi Adesina

Special Adviser to the President

(Media and Publicity)

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