PETROLEUM SECTOR STRATEGY
Nigeria’s oil roadmap tackles delta rebellion
Nigerian President Muhammadu Buhari will meet leaders of the restive Niger Delta in Abuja next week in an attempt to end an insurgency in the oil-producing region
Abuja — Nigerian President Muhammadu Buhari will meet leaders of the restive Niger Delta in Abuja next week in an attempt to end an insurgency in the oil-producing region, Oil Minister Emmanuel Ibe Kachikwu said. Ending unrest in the region that accounts for most of Nigeria’s oil production was the first goal of an energy industry roadmap unveiled on Thursday, he said. "Our target is to ensure zero militancy in the area," he told a forum in Abuja aimed at outlining strategy for the petroleum sector. "This planned meeting shows the level of interest the president has to ensure peace in the area." The strategy included a goal of passing the long-delayed Petroleum Industry Bill by December. The bill itself, which covers everything from an overhaul of state oil company NNPC to taxes on upstream projects, was delayed by violence in the delta, which briefly brought production to 30-year lows. Kachikwu said Nigeria was also considering asset sales and wanted to improve the investment clima...
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