By Chinwendu Agoha (Governance Reporter)
Buhari Media Organisation (BMO) has applauded President Muhammadu Buhari’s outing in Paris, France during the ‘’Financing Africa Summit’’.
The group says it is elated that the President utilised the opportunity to showcase the many growth potentials of Nigeria, especially in the area of natural gas deposits.
In a statement signed by its Chairman, Niyi Akinsiju and Secretary, Cassidy Madueke, BMO said it is delighted that the President also used the opportunity of his meeting with major multinational companies to inform them that the country’s fiscal policies will be ‘’more favourable, predictable and measurably tilted towards creating a harmonious business environment.
"He also spoke glowingly of the many opportunities in Nigeria’s human and natural resources and urged the multinationals to tap into them, promising better operating standards and favourable policies for mutual benefits.
"We note that President Buhari had in his determination to use the summit to woo foreign investors to Nigeria urged them to 'explore vast opportunities of human and natural resources in Nigeria'.
"It is also noteworthy that in a clear demonstration of the confidence that major multinational companies and the international community have in Nigeria, a group of company leaders assembled in Paris to meet with President Muhammadu Buhari. They included the Chairman/CEO of Total, Patrick Pouyanne; Executive Vice President of Airbus, Silvere Delaunay; Chairman of the Board of a software company, Dassault Systems, Florence Verzelen; Chairman/CEO, General Engineering and Marketing of Telecommunications Operator, Francois Regis Teze and Chairman/CEO Donaflex Automotive, Dr Donatus Nwokoye.
"Specifically in the area of Nigeria’s gas potentials, President Buhari informed the management of Total to avail themselves of the vast opportunities that abound in the Nigeria gas sector, even as he thanked the company for its huge investments and expansion in Nigeria since 1956. It was also noted that Nigeria presently has about 200.4 trillion standard cubic feet of natural gas reserves as at the end of 2019 waiting for exploration".
BMO says it's also excited that the President went down memory lane to inform the multinationals and other stakeholders at the meeting that gas remained Nigeria’s source of strength and that in the 70s the country was earning more revenue from gas than oil, and sought the involvement of the foreign companies to make the gas sector viable again.
"We note that the summit provided the President with a unique opportunity to market the country to the world, especially as several world leaders and company chief executives participated, the statement added. NNL.