Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Nigeria's Buhari to meet Niger Delta leaders next week: oil minister

Published 10/27/2016, 07:03 AM
Updated 10/27/2016, 07:10 AM
© Reuters. Nigeria's President Muhammadu Buhari and Minister of Budget and National Planning Udo Udoma Udo attend NESG 2016 in Abuja

ABUJA (Reuters) - Nigerian President Muhammadu Buhari will meet leaders of the restive Niger Delta in Abuja next week to help end an insurgency in the oil-producing region, the oil minister said on Thursday.

"Our target is to ensure zero militancy in the area," Emmanuel Ibe Kachikwu told a forum in Abuja aimed at outlining strategy for the petroleum industry. "This planned meeting shows the level of interest the president has to ensure peace in the area."

In a speech at the same event, Buhari said the government was committed to engaging with all stakeholders in the southern region to find a lasting peaceful solution. He gave no details.

Militants have been fighting for a greater share of the OPEC member's wealth to go to the Niger Delta, where many complain of poverty.

Government sources had told Reuters on Monday that the government would hold a meeting with community leaders and militant representatives in Abuja next week.

Nigeria has been holding talks for months to end the attacks on energy facilities, which have cut crude production in the Delta, but no lasting ceasefire has been agreed.

Kachikwu told the event that output had recovered to 1.8 million barrels a day, adding that the government hoped to get back to 2.2 million bpd next year - the level seen at the start of 2016.

© Reuters. Nigeria's President Muhammadu Buhari and Minister of Budget and National Planning Udo Udoma Udo attend NESG 2016 in Abuja

"We have a capacity to produce 3 million (bpd), he said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.