Nigerian president laments militancy activities in Niger Delta

Nigerian President Muhammadu Buhari on Saturday lamented the renewed militancy and destruction of gas pipelines in the country's oil-rich Niger Delta region.

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He attributed the incidents to vandalism by Niger Delta militants.

This had continued to cause acute shortage of gas and constant drop in electricity output available on the grid, Buhari said in a nationwide broadcast to mark the nation’s 56th Independence Anniversary.

The Nigerian leader said the country would be saving 10 billion U.S. dollars annually from importation of petroleum products as the nation’s four refineries would soon be fully repaired.

The President frowned at the situation where half of the nation’s foreign exchange earnings were being spent on importation of petroleum and food items.

He attributed the current socio-economic hardship being experienced in the country to inability of the previous administrations to save for the “rainy days”.

Buhari said his administration’s economic revival strategy was centered on the Ministry of Power, Works and Housing.

According to him, the ministry will lead and oversee the provision of critical infrastructure of power, road transport network and housing development. Enditem

Source: Xinhua/NewGhana.com.gh

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