• Contact Us
  • About Us
Saturday, March 7, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Economy

Buhari says will pursue peace in restive Niger Delta in 2017

metro by metro
December 31, 2016
in Economy
0
Muhammadu Buhari
0
SHARES
0
VIEWS

Nigeria’s government will seek a lasting peace settlement with militants in the oil-producing southern Niger Delta region in 2017, President Muhammadu Buhari said in a New Year’s message on Saturday.

Attacks on oil facilities in Nigeria’s energy hub, coupled with low oil prices, helped push Africa’s biggest economy into recession – the first in 25 years – in the second quarter. Crude oil sales account for two-thirds of government revenue in the OPEC member country.

Read Also

Aftermath Of Criticisms, Tinubu Begins Process Of PIA Ammendment To Sustain Executive Order

Amid Dwindling Purchasing Power Of Naira, January Inflation Eases To 15.10 Percent 

Nigerian, Zambian Currencies May Post Further Gains As Ghana’s Cedi Faces Pressure

Attacks on oil facilities in Nigeria’s energy hub, coupled with low oil prices, helped push Africa’s biggest economy into recession – the first in 25 years – in the second quarter. Crude oil sales account for two-thirds of government revenue in the OPEC member country.

  Attacks by militants, who want a greater share of the country’s energy wealth to go the impoverished oil-producing swampland, have been less frequent since November when Buhari held talks with community leaders from the region.

“We will continue to pursue peace initiatives in the Niger Delta as I, again, call on our brothers in that region who have taken to violent disruptions of economic infrastructure to come to the negotiating table,” Buhari said in an emailed statement.

The attacks cut Nigeria’s oil production, which stood at 2.1 million barrels per day (bpd) at the start of 2016, by more than a third in the summer.

Repairs to oil facilities have since lifted production, which reached nearly 1.8 million bpd in December, according to oil minister Emmanuel Ibe Kachikwu.

But sporadic attacks, most recently in late November, have been carried out by groups that are not taking part in peace talks.

“In this new year, I want to reassure all Nigerians that our defence and security forces are more than ever before ready to perform their constitutional role of protecting lives and property,” Buhari said.

He listed other security concerns, including the threat posed by Islamist militant group Boko Haram which the president said last week had been pushed out of its stronghold in the remote northeastern Sambisa forest.

After pushing militants out of the forest, a move that Reuters has been unable to independently verify, Buhari said Nigerians should “watch out for strange figures settling in their communities”.

He said authorities would help to resettle some of the two million people displaced by the jihadist group’s seven-year insurgency aimed at creating an Islamic state in the northeast of Africa’s most populous nation.

A man purporting to be Boko Haram leader Abubakar Shekau on Thursday denied the group had been pushed out of the Sambisa forest.

 

Tags: Muhammadu Buhari
Previous Post

GTB, UBA, Access, Zenith lead in 2.2% banking gains in 2016

Next Post

Lagos state sells 47b naira of bonds – governor

Related Posts

Tinubu’s Government Orders Sale Of IBEDC, 4 Other Discos Within 90 Days
Economy

Aftermath Of Criticisms, Tinubu Begins Process Of PIA Ammendment To Sustain Executive Order

February 27, 2026
National Bureau
Economy

Amid Dwindling Purchasing Power Of Naira, January Inflation Eases To 15.10 Percent 

February 16, 2026
UBA, Fidelity, Others Extend Workdays As CBN Insists On January 31 Deadline For Depositing Old Naira Notes
Economy

Nigerian, Zambian Currencies May Post Further Gains As Ghana’s Cedi Faces Pressure

February 6, 2026
Yuan Expected To Rise In 2026 Amid Cautious Optimism From  Beijing
Economy

Yuan Expected To Rise In 2026 Amid Cautious Optimism From  Beijing

February 4, 2026
Next Post
Ambode

Lagos state sells 47b naira of bonds - governor

Oil Prices Up After OPEC+ Maintains output Cuts, But Shaky Demand Caps Gains

Dangote Refinery Increases Petrol Price From N875 to N995 Within 96 Hours, Fuel  Stations Sell N1190/Litre

March 6, 2026
Tinubu’s Government Orders Sale Of IBEDC, 4 Other Discos Within 90 Days

Tinubu Moves to Tackle Power, Grid, Transmission Challenges, Inaugurates Committee On GAMCO

March 6, 2026

Huawei, Meralco, and SANXING Ningbo Launch Intelligent Distribution Solution and Lighthouse Initiative

March 6, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version