A minister-designate and Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu, has said with the confidence this present administration has built since it assumed office 11 weeks ago, the country would attract an inflow of foreign investments in excess of $20 billion over 2016 “if we chase them the right way.”Speaking on the $6 billion cash call arrears owed the international oil companies (IOCs) by the NNPC and the commercial arbitration awards, which he said also stood at about $6 billion, Kachikwu stated that what was needed was the restoration of the confidence of investors to bring in new funding, while solutions are being explored to repay the historical debts.
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