FG appeals to oil firms for exploration, development investments By Sopuruchi Onwuka
F
ederal government has called on commercial players in the petroleum industry to defy lingering disputes and challenges in the operating environment to invest in the exploration and devel-
opment projects. Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, told delegates at the 43rd Nigeria Annual International Conference and Exhibition (NAICE) of the Society of Petroleum Engineers in Lagos
that such investments were necessary to deliver on the mandate boost crude oil reserves and production. He called on the players to support the national oil company to achieve the national aspiration to grow crude oil reserve to 40 billion barrels and boost oil
The
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production to 3 million barrels per day, saying the mandate objective could only be achieved if players collaborate effectively to ensure timely resolution of contractual issues and the passage of the necessary petroleum legislation. “To achieve this ambition,
huge investment is required across the value chain. We have to attract investment to deploy improved technology in the exploration and production of hydrocarbon from inland as well as the ultra-deep offshore basins,’’ he said.
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Kyari challenged industry operators and stakeholders alike to desist from further lamentations of the challenges that plague the operating environment but pick up the gauntlet and confront the issues frontal-
ISSN: 2545-5869
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Today
VOL.4 No.30 N200
Why #RevolutionNow protest failed A From BONIFACE OKORO, Umuahia; NATH OMAME Jr., Port Harcourt; ANIEKAN ANIEKAN, Calabar, and THEO RAYS, Onitsha
S feared, the #RevolutionNow protest, called by the founder of Sahara Reporters, an online news organization, and presidential candidate of Action Alliance (AA) in the 2019 presidential election, and , Mr. Omoyele Sowore, did not get off the ground in many parts of the country, except Lagos. Sowore said the protest became necessary in order for Nigerians to protest what he described as the non-credible 2019 election, along a list of other issues ranging from corruption to ineptitude.
In a video he circulated late last month, Sowore said: “We don’t want war; we want a very clean, quick, succinct revolutionary process – surgical (so) that we put an end to the shenanigans of government…an end to oppression (and) the corruption of government.” But no sooner was the protest called than its failure became evident in the national fault lines by which every seeming patriotic action is viewed from the prism of the ethnic, religious and or state of origin of the person or group calling for any concerted action against a sitting government in Nigeria.
•Took place only in Lagos •North pulls out, says protest not in its interest •No protests in South East, South South •National fault-lines in botched protest •Release Sowore — CLO •Why revolution is necessary —Sowore
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Only Igbo Presidency can save Nigeria – Igbo ministers worldwide •Group to feed 1000, line up 100 health physicians for 2019 World Igbo Prayer Summit •5
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•Some of the RevolutionNow activists in Abuja
No intention to relocate NGC headquarters--NNPC