There have been reports that ExxonMobil might leave Nigeria but Kachikwu has said there is no such thing.
Concise News understands that Kachikwu said this after a facility tour of ExxonMobil Erha Floating Production Storage and Offloading (FPSO) vessels in Lagos on Sunday.
According to him, “I have confirmed that it is not true, there are going to be here for a long stay, they will be here over the next 50 years, they are looking for more, they are doing all kinds of things, they just begun the exploration campaign first time in four years because of the new cash call policies we put in place.
“That is not a sign of somebody who is exiting. But different from not exiting is to be aggressive. ExxonMobil needs to be more aggressive in terms of development policies.”