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Business & EconomyNews

Worries over oil sector as Buhari remains minister

written by Dada Oluwabamise August 22, 2019
Worries over oil sector as Buhari remains minister

President Muhammadu Buhari yesterday disclosed he would retain his position as Minister of Petroleum Resources, working alongside former Bayelsa State Governor Timipre Sylva who will serve as the Minister of State..

At the ceremony which held in Aso rock yesterday where he assigned portfolios to the 43 minister-delegates earlier cleared by the Senate, the president also announced the creation of five new ministries: Police Affairs, Special Duties/International Affairs, Power, Aviation, and Humanitarian/Disaster Management.

But his retention of the powerful petroleum office and the composition of his entire cabinet has elicited mixed reactions from members of the public and stakeholders especially in the oil sector, with some fearing the next four years might offer little grounds for optimism.

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