Monday 11 July 2016

Federal Government to adopt new approach to resolve Niger Delta crisis

Ibe Kachikwu in Niger Delta
A fresh approach to resolve the Niger Delta crisis is being planned by the federal government going by the statement of the Minister of State for Petroleum, Dr. Ibe Kachikwu.

The Minister told journalists on the sideline of the just concluded roadshow in China that the government is planning a three-stage approach to ensure permanent solution to militancy in the Niger Delta.

Dr Kachikwu said that the new approach will include militants, traditional rulers and a permanent Niger Delta Peace Committee, which is expected to bring about long term solution to agitations in the region.

Besides, he says government is planning the use of modern technology to lay oil pipelines so that vandals cannot have easy access to them in the region.

The Minister was in China in June 2016 to seek investment for the repair and expansion of infrastructure in the nation’s oil industry.

Over 50 billion dollars memorandum of understanding for investment in the oil industry was signed. One of the agreements is with China’s leading oil company, Sinopec.

The Minister and his officials also signed an agreement with China’s largest securities and assets management company, Cinda Group.

The company specializes in providing financial lifelines for big companies in the country.

The roadshow for investment in the oil sector is also scheduled for India and gulf countries.

Credit: Channels

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