N452/N456 (updated 22.10.16:morn)
buying/selling naira exchange rates per USD
Tuesday, 16 August 2016

Minister of state for Petroleum Ibe Kachikwu speaking during a talk show with CNN's Richard Quest on Monday night, told the host anchor that the security of the 273 schoolgirls kidnapped from Chibok, Borno State by Boko Haram in 2014 is more important than securing any petroleum pipelines.

His words:
"Since President Muhammadu Buhari resumed, I think his first steps were targeted at the northeast and the Chibok girls.

"If you remember, most of his first state visits were to neighbouring countries, trying to gather alignment among neighbouring countries military forces in fighting this issue, and the military has been engaged in that territory.

"One of the crisis the president had to inherit, was the fact that once he came in, he found that monies that were allocated to the military to be able to deal with these issues, were largely diverted, and he spent a lot of time trying to find funds.

"He first had to deal with that problem, but once he dealt with that, the army has got more brisk in its business, however, we haven’t found the girls and its sorrowful for every Nigerian who thinks about it.

" I have children, the last thing I want is for people’s children to be in the forest abandoned, and we are doing everything we can, I sympathise with all parents who are in this situation, but the president hasn’t given upon this."

The Delta State-born businessman also added:
"It is a difficult time, production is about 1.5 million barrels a day, but we intend to get that up. We are putting a lot of energy around it,  a lot of dialogue, a lot of engagement, a lot of security meetings to try and resolve it.

"President Muhammadu Buhari is very concerned about these things, a lot of executive time is being given to this. We are expecting that over the next one month, two months, we would find some final solution that would bring production upward.

"Beyond that, the reality is that we have lost a lot quite a lot of months, about five, six months of continuous problems. so it is going to be difficult to catch up with the 2.2 million barrels on which the 2016 budget is based.

"But we are certainly going to try, once things are calmer. We need an average of 900,000 barrels per day, excess production to catch up. That is going to be very tough, but we are going to work on that."
Share on Google Plus
Join over 50k dearies who receive Somtoo Okoye blog updates on Facebook (and Twitter)


Post a Comment

I will send you updates every morning: