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Wednesday, June 3, 2015

No one to trust? President Buhari To Act As Petroleum Minister In New Cabinet...

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Indications have emerged that the President is likely to head the Ministry of Petroleum Resources in the emerging cabinet, rather than trust anyone else with the source of most of Nigeria's revenue, his associates said.
According to one of Buhari's long-standing associates who spoke on condition of anomymity, Nigeria's oil sector is so dirty that nobody's hands are clean enough to do the "surgical changes" needed. Another political associate said: "He will do it. It would be stupid to give that position to anyone else." According to the first source, Buhari has still not settled on his cabinet and has laughed off media speculation about figures he will appoint. Joking with friends as he read out a newspaper article that mentioned possible names: "They have picked my ministers for me. Have I even told you who I want?" "It's going to be a lean government, I doubt he'll have 42 ministries like Jonathan but he must have at least 36 (for the number of states) as prescribed by the constitution, though it does not specify whether they have to be senior or junior," an adviser in the ruling APC party told Reuters. The new administration had not yet gone through reports on Jonathan's handover notes on policy, the adviser said. "There is a huge body of proposals being bandied around the place," the advisor said, adding that Buhari plans to let the N60 billion a year amnesty programme end in December as scheduled to save money and it is unclear what he will fund in its place. He has also made it clear that he wants to revamp Nigeria's refining sector, which declined while the country became dependent on imports for fuel. "He's emotionally attached to the refineries because he built some of them. He wants them to start functioning again," the APC source said.‎

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