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Oil Sector Crisis: Resign as Minister – Nigerians Tells Tinubu

  • Writer: Esther
    Esther
  • Oct 28, 2024
  • 1 min read

The persistent crisis in Nigeria's oil sector has led to increasing calls for President Bola Tinubu to step down as the Minister of Petroleum. Despite the removal of the fuel subsidy on the day he assumed office, stability in the sector remains elusive.


Reports emerged that during a major cabinet reshuffle at the 19th Federal Executive Council meeting, Tinubu removed five underperforming ministers and reassigned ten others, while nominating seven new appointees for Senate confirmation.


However, stakeholders and Civil Society Organizations have urged him to resign from his ministerial role to ensure transparency and effective supervision within the Nigerian National Petroleum Company Limited (NNPCL).


The Energy Reforms Advocates of Nigeria, alongside the All Progressives Congress Youth Vanguard for Change, expressed disappointment over the non-functionality of refineries despite substantial investments.


Former Voice of Nigeria Director General Osita Okechukwu suggested that Tinubu should vacate the ministerial position to allow proper oversight. He highlighted the economic impact of importing refined petroleum products, which has cost Nigeria over $70 billion.

Public affairs analyst Jerry Adakwu noted that Tinubu's dual role as president and minister is not unprecedented, citing former President Mohammed Buhari's similar appointment. However, the Human Rights Writers Association of Nigeria criticized this arrangement, arguing it hinders accountability and investigation into the sector.


Meanwhile, President Tinubu's Special Adviser on Information and Strategy, Bayo Onanuga, clarified that Tinubu does not consider himself the Minister of Petroleum, emphasizing the presence of two ministers overseeing the ministry, with a focus on gas development.




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