Friday, October 7, 2016

Bring Peace to Niger Delta Region and restore the oil production target of 2.2 million barrels per day - NASS Tells PMB


The National Assembly has called on President Muhammadu Buhari to engage in meaningful and inclusive dialogue with the aggrieved Niger Delta militants to avoid an escalation of the militancy in the region.



The National assembly agreed that the government needs to ensure the protection of the nation’s oil and gas assets to facilitate increase in oil production and boost revenue therefrom.


The House, in the motion, also adopted the 25 point resolutions of the Senate adhoc committee on the ‘state of economy’ on September 27, 2016.

The House said: “Government must engage in meaningful and inclusive dialogue with the aggrieved Niger Delta militants to avoid an escalation of the unrest in the region and ensure protection of our nation’s oil and gas assets to facilitate increase in oil production and boost revenue therefrom.  “To this end, we advise Mr. President to, as a matter of urgency, raise a team that should coordinate the government’s engagement with all stakeholders in the Niger Delta region and the team should include the elected representatives from the zone.”

The National Assembly also advised the fiscal and monetary authorities to meet a view to harmonising all policies that lower interest rates for genuine investors in the real sector as well as medium and small scale farmers and processors. The NASS advised the government to restore the oil production target of 2.2 million barrels per day in order to shore up our foreign reserves. It said peaceful means should be immediately crafted and adopted to stop the vandalisation of petroleum and gas assets in the Niger Delta region.

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