Stakeholders react to Buhari’s plan to head petroleum ministry
THE announcement by President Muhammadu Buhari to head the Petroleum Ministry READ HERE is generating reactions from stakeholders in the petroleum industry and the industrial sector.
President Buhari and former President Olusegun Obasanjo had earlier occupied same position during their respective tenures in office, but some stakeholders, who spoke with The Guardian yesterday, expressed different opinion regarding his plans.
While some believed that President Buhari could actually take up the duty going by his integrity, transparency and zero tolerance for corruption, which he exhibited as military head of state about 30 years ago, others said the job would be more of distraction to the President.
In a chat with The Guardian yesterday, the former President of Nigerian Association of Petroleum Explorationists (NAPE), Dr. Afe Mayowa, said that President Buhari would be the best man for the job of the petroleum ministry.
Mayowa, who is also the Managing Director of Danvic Petroleum International Corporation, said the President, being a former Minister of Petroleum Resources, would be able to effectively manage the country’s oil wealth.
He stated: “The President will not find it difficult managing the oil and gas sector. But he will need a special adviser who will complement the effort of the Permanent Secretary.
Also, the Executive Chairman of Interglobal Energy Marine Services, Kingsley Olajide Amodu, acknowledged the fact that the President knows about petroleum management due to his experience as former petroleum minister.
He, however, advised the President to appoint a dependable person who he will be able to supervise without any problem.
He said: “It will be better to the take up supervisory role in the Ministry of Petroleum Resources. This will enable him solve other challenges in other sectors of the economy. Nigeria is being faced with a lot of challenges and the President should not be distracted with the job of the Minister of Petroleum Resources.”
In his reactions, Director, Membership Service and Public Relations Officer of the Nigerian Association of Small and Medium Enterprises (NASME), Nerus Ekezie, told The Guardian yesterday that Buhari’s role as the Petroleum Minister will be a distraction from his primary assignment as the President of the country.
According to him, the President will be the best candidate for the prudent management of the country’s oil and gas sector, but may not be able to combine the two responsibilities effectively.
Ekezie believed that the country would lose more than gain from his plant and therefore, urged the President to find credible personnel to take up the responsibility of the petroleum ministry.
The Director-General, Dr. John Isemede, said the oil sector is affecting business in the country negatively by failing to add real value to the economy.
He stated: “The oil sector had caused substantial decline in agricultural exports which began in the mid-1960s and continued to date.”
The Director-General of Lagos Chamber of Commerce and Industry (LCCI) said that inability of the Federal Government to provide policy direction for growth in oil and gas industry is rubbing off on manufacturing, banking, maritime, and other critical sectors of the economy.