Buhari Wants More Investments In Oil, Gas Sector

President Muhammadu
Buhar has said that additional investment in gas production and improved technology would impact positively on the nation’s economy.
Buhari, who stated this in Abuja recently receiving the new High Commissioner of the Republic of India, Mr. Nagablushana Reddy in Abuja, urged those with innovative ideas on these sectors to collaborate with the government.
“Certainly, you are also the biggest  buyer of Nigeria’s crude oil today. We  need more of that partnership as Nigeria tries to be more innovative”, Buhari urges the Indian  High Commissioner.
The President explained  that the cordial  relationships between Nigeria and India over the years could be further explored in creating a  competitive edge for mutual advantage of both countries in agriculture, skills transfer and trade.
In his response, Reddy stated that the Indian government was looking forward to consolidating its relationship with the ministries of petroleum , agriculture, trade and investment and power, Housing and urban development for various rewarding projects.
He said the Indian Chamber of Commerce had already created a Nigerian Chapter, with a view to promoting trade.
According to Reddy, the Nigerian energy sector is a huge attraction and the Indian government would wish to explore the potentials derivable by investing in it.
The relationship between both countries is a long one. According to Buhari, it pre-dates Nigeria’s independence and was among the nation’s Nigeria opened her mission as soon as she got her independence in 1960.