Business
FG Lauds Oil Firm Over N3.2trn Investment
Vice President Namadi Sambo, has expressed delight with Total International Plc for investing more than $20 billion (about N3.2 trillion) in Nigeria.
Sambo expressed his delight last Thursday in Abuja when the Chief Executive Officer of Total Exploration and Production, Mr. You-Louis Darricarrere, paid him a courtesy call at the State House, Abuja.
He said that he was delighted that the company’s investment was mainly in the oil and gas sectors of the nation’s economy.
Sambo said that he was also excited with the beginning of work on the $420 million (N67.2 billion) pipeline project to Alaoji Power Plant, adding that the government was determined to ensure adequate power supply.
He thanked Darricarrere for the solidarity extended to President Goodluck Jonathan and himself over “our electoral victory” and assured him of government’s readiness to support those willing to invest in the nation’s economy.
Sambo added that the government had put in place adequate security measures to arrest oil pollution and bunkering in the Niger Delta region.
He added that efforts had been geared toward addressing the security situation in the country.
The vice president advised the company to put in writing issues militating against its progress to enable the government address them.
Earlier, Darricarrere, who expressed confidence in doing business in Nigeria, acknowledged the friendly investment climate provided by the Federal Government.
He assured Sambo that the company would help in developing the country’s oil and gas sector and expressed it desire to participate in building thermal power plants under the national integrated power projects.
Darricarrere said that he appreciated the efforts the government was making to address the perceived insecurity in the country, especially in the Niger Delta region.
Among those who graced the occasion were managing director/chief executive officer, Total Exploration and Production Nigeria Mr. Guy Maurice, and managing director, Total Nigeria Plc Francois Boussaagiol, .
Others are executive director, Total, Mr. John Addeh, deputy general manager, Public Affairs Sonye Allanah, and management consultant Mr. Onochie Haffner, .
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