The Federal Government says the incoming administration in the country will have no difficulty administering the energy sector and positively guiding its future, based on the achievements of the current administration.
President Muhammadu Buhari said this on Monday, April 17, 2023, at the Banquet Hall, Presidential Villa, while declaring open the Nigeria International Energy Summit (NIES) 2023, in Abuja.
Buhari, who highlighted the achievements of his administration in the energy sector, noted that he had documented them properly for the future.
He said this year’s edition of the summit was not only about the scorecard of his administration in the oil and gas but also about the incoming administration and to ensure that it made impact as quickly as possible.
The President, who was represented by Mr Boss Mustapha, the Secretary to the Government of the Federation (SGF), said he achieved so much in the oil and gas sector which also benefited private establishments, that they ensured there’s an adaptive framework for the indigenous companies to take advantage of the investment by the international oil companies which has ensured that the indigenous companies grew their capacity tremendously and they are now considered for about five per cent of national oil and gas production which has led to an increase from two per cent in 2010.
According to Buhari, energy is and will remain the top priority of this administration till his last day in office.
This, he said, was the reason his administration paid close attention to all the reforms that took place in the sector which he noted was for the overall benefit of the economy.