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Buhari win likely to keep Nigeria oil sector reform on track – International expert

An expert with international online energy news platform Upstream; has said that while the legitimacy of Nigeria’s poll result may be called into question, the second term for President Muhammadu Buhari is good news for the reform of Nigeria’s oil sector.

The incumbent head of state Muhammadu Buhari battled for a second term against a former vice-president, the opposition contender Atiku Abubakar in the nation’s recent presidential elections. Buhari was declared the winner by just under 4 million votes, upon which the septuagenarian vowed immediately to “Intensify efforts in improving security, restructuring the economy and fighting corruption”.

The expert noted; “We can also probably look forward in the coming days to some sincere statements regarding the seriousness with which the presidency takes reform of the oil sector, with assurances that some version of the Petroleum Industry Governance Bill will receive assent, just as soon as adjustments are made and an array of freshly minted lawmakers have had a proper chance of scrutiny.”

“At least it won’t all be going back to the drawing board – which most certainly would have happened had Buhari lost – with the can kicked so far down the road that even the most ardent believer in Nigeria’s upstream potential would get dispirited,” the expert added.

 

Source: Upstream

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