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NEWSOIL & GASPOLITICS & GOVERNMENT

President Buhari to Head Ministry of Petroleum

Reports in the media suggest that President Muhammadu Buhari might be leading the Ministry of Petroleum for about 18 months before he appoints a substantive minister for the ministry.

The President allegedly made this known while meeting with some members of his political party, the All Progressives Congress, in Abuja recently.

It is common knowledge that nation’s petroleum industry is riddled with corruption, and the Ministry of Petroleum is not left out of this rot, with a recent report revealing how the Nigerian National Petroleum Corporation lost the country billions of dollars in oil revenue.

It was also learnt that the President was thinking of appointing an experienced person as his special adviser on petroleum.

Buhari was once a minister in charge of the ministry and because of his experience, he was said to have vowed to make sure that he blocked all the loopholes that enabled those manning the ministry to either steal money or petroleum products.

The president is yet to appoint a cabinet and many believe that this decision is taking its toll on various key sectors of the economy, most especially the financial sector which has been in a state of upheaval.

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