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Tuesday 11 August 2015

PRESIDENT MUHAMMADU BUHARI IS TO ASSUME THE POSITION OF MINISTER OF PETROLEUM

by Obeji Eric  |  in Politics at  21:45:00

THE news has been making the rounds in both the conventional and internet media that President Muhammadu Buhari is to assume the position of Minister of Petroleum when he appoints ministers next month.


According to the information reportedly leaked after a meeting of the president with chieftains of his party, the All Progressives Congress (APC) in Abuja over the impending ministerial appointments, Buhari said he would take the action as part of his move to sanitise the oil sector and rid it of corruption.

Ordinarily, this should be a welcome development for several reasons. Number one is that the president’s reputation as “Mr Clean” remains intact, even among his political adversaries. Number two is that the fight against corruption, especially in the cash-cow oil sector, has been a major concern of Nigerians which Buhari promised to address during his campaigns. Number three and most importantly, is that President Buhari is a veteran in the management of the sector. He spearheaded the establishment of the Nigerian National Petroleum Corporation (NNPC) when he was oil minister in the late 1970’s. He has the cognate experience to do a thorough job and creating the right template before ceding the position to a cabinet minister.

However, we are concerned about issues of transparency and accountability if the president chooses to take up the post in addition to his onerous and overloaded duties as the nation’s Chief Executive and Security Officer. The nation is still at sea over the way in which former President Olusegun Obasanjo handled the same job for six years from 1999 when he assumed power. A number of turnaround maintenance projects were undertaken and billions of naira sunk and yet the refineries remained comatose until after Buhari took over, and they started bouncing back, as if by magic. We do not want a repeat of the nation being put in the dark about proceedings in the industry.

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