Minister of State for Petroleum, Ibe Kachikwu, has revealed that the federal government plans to adopt a fresh approach to resolve the Niger Delta crisis.
The Minister told journalists on the sideline of the just concluded roadshow in China that the government is planning a three-stage approach to ensure permanent solution to militancy in the region.
Kachikwu said the new approach will include militants, traditional rulers and a permanent Niger Delta Peace Committee, which is expected to bring about long term solution to agitations in the region.
He added that government also plans to employ the use of modern technology in laying oil pipelines so that vandals cannot have easy access to them in the future.
The Minister was in China to seek investment for the repair and expansion of dilapidated infrastructure in the nation’s oil industry.
Over 50 billion dollars memorandum of understanding for investment in the oil industry was signed including one with China’s leading oil company, Sinopec.
The Minister and his officials also signed an agreement with China’s largest securities and assets management company, Cinda Group, which specializes in providing financial lifelines for big companies in the country.
The roadshow for investment in the oil sector is also scheduled to hold in India and other Gulf Countries.