Buhari Renews Commitment To Transparency In Oil Sector

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Restart And Complete Abandoned Projects In Niger Delta - Buhari Orders NDDC
Restart And Complete Abandoned Projects In Niger Delta - Buhari Orders NDDC

President Muhammadu Buhari has reiterated his administration’s determination to continue to maintain transparency in the oil sector.

President Buhari said this at the weekend during a virtual public presentation of four books by his former Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, attesting to the administration’s effort at ensuring transparency in the sector.

Vice-President Yemi Osinbajo described Kachikwu as “a gift to us all”.

The four books presented last Thursday are titled: Nigeria Petroleum Industry: 2015 to the Future; Gas Development in Nigeria: Legal and Policy Framework; Nigerian Foreign Investment Law and Policy and Nigerian Law of Contract: Study Companion.

Lauding Kachikwu’s new initiatives, President Buhari said: “The books discuss the industry through the policy framework” of his administration.

The President recalled that when he assumed office in 2015, the oil sector was in dire straits.

He said the oil industry then was obviously in need of reform, if it must attract growth, hence the responsibility to act fast and it rested squarely on the shoulders of his government.

The President stressed that the current transparency in the Nigerian National Petroleum Corporation (NNPC) was a function of the administration’s conscious decision to combat corruption in the all-important sector, of which he remained the substantive minister.

President Buhari said the books would give insight into the policy framework and operations of the industry.

Prof. Osinbajo, who alluded to his personal relationship with the former minister, especially that he had always been at each of his book launches, the last of which he predicted that he had to present more books at once in his next effort, described Kachikwu as a prolific writer with interest in romance publishing.

Describing him as “a gift to us all”, the Vice-President added: “One day, it would be safe to write your memoires.”

In their goodwill messages, former Minister of Defence, Gen. T. Y. Danjuma (retd.), noted that Kachikwu’s intellectual pedigree was well known to all from his days at Mobil.

Danjuma added that he was not surprised that as a true scholar, he took time off to author the four books for posterity.

Kachikwu’s successor, Timipre Sylva, noted that having worked closely with the President to achieve so much in the petroleum industry, the former minister’s policies remained at the foundation of their current work in the industry.

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