Buhari’s minister says corruption in oil sector exaggerated

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– There have been calls for the current government to place its searchlight on the oil and gas sector of the Nigerian economy because of corruption.
– Even members of the All Progressives Congress, including governors, have made allegations concerning the level of corruption in the sector
– Dr Ibe Kachikwu, the minister of state for Petroleum, took out time to speak on the issue as well as new plans for the sector The way Nigerians talk about corruption in the oil and gas sector is not the way it truly is,Dr Ibe Kachikwu, the minister of state for Petroleum Resources, has said. There has been a widely held belief even among members of the All Progressives Congress (APC) that the sector is seriously enveloped in corruption and must be sanitised.
But speaking in Abuja, the seat of political power in Nigeria on Thursday, October 27, Kachikwu, while speaking after the launch of the new roadmap: ‘The 7 Big Wins’, said:
“I think sometimes the corruption indices in Nigerian National Petroleum Corporation are overblown, because sometimes people do not understand the technicalities of what is going on and the short answer is corruption.
“I do agree that there were all kinds of sleaze stories in the past, but if you look at the last one year and in the last 13 months, those have dramatically disappeared.
“The TSA definitely helped, being able to suck in all our funds in one pond, being able to look at long term focus.
“The fact that we have saved over a billion dollars through the direct sale direct purchase programme, it is something. Otherwise, it would have gone into private pockets.“There are good people in the NNPC.
”The News Agency of Nigeria (NAN) further reports that Kachikwu believes that through the oil and gas sector of the economy, the country has hope and could resolve its problems.“The only thing that we must hold high is commitment and collegiality in trying to fix things. I believe if the petroleum ministry works, the rest of the country will work.
“The feeling of the Federal Executive Council and the president is that we should first get the refineries to be efficient before we talk about privatisation, otherwise, we will be selling scraps.
“In their present state, nobody is going to offer you serious money. A huge amount of investment is going into this.
“Secondly, there are union issues; we do not just take decisions, not recognizing that people work there.
“If you privatise in a hurry and are sucked into union issues, that closes the place and it does not function for years,” he was quoted as saying.
The 7 Big Wins, according to NAN, is meant to focus on short and medium term priorities to grow Nigeria’s oil and gas industry between 2015 and 2019 and its focus has to to do with the Niger Delta and security, policy and regulation, business environment and investment drive and transparency and efficiency.

Posted By Durojaiye (Oga_Blogger)

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