Buhari’s ministers’ scorecard after two years
November 2017 marked two years that most of the ministers in President Muhammadu Buhari’s cabinet assumed office.
in 2016 reviewed the performances of the ministers after their first year in office with many of them getting average scores.
This is the third part in the series for 2017.
Mr. Buhari inaugurated 36 ministers on November 11, 2015 to man 24 federal ministries. However, two of them are no longer in the cabinet.
While the Minister of State for Labour and Employment, James Ocholi, SAN, died last year, Amina Mohammed left the cabinet to take up appointment at the UN as Deputy Secretary General.
In August 2017, Mr. Ocholi was replaced with Stephen Ocheni while Suleiman Hassan was sworn in as Minister of State for Power, Works and Housing.
PREMIUM TIMES presents the midterm scorecard of a third set of ministers in this report based on their promises on assumption of office, others they made thereafter and whether they fulfilled them or not.
Petroleum Resources Minister: President Muhammadu Buhari
![Kachikwu and Buhari [Photo credit: Pulse.ng]](https://i1.wp.com/media.premiumtimesng.com/wp-content/files/2016/10/Ibe-Kachikwu-1.jpg?resize=600%2C397&ssl=1 "ibe-kachikwu")
State Minister: Ibe Kachikwu
-Review and update of oil and gas policy and regulations.
-Improvement of overall business environment to increase investment, boost oil production capacity to 2.8 million barrels per day, and achieve 10 billion standard cubic feet of gas production by 2019.
-Ensure gas revolution through improved infrastructure and fiscal terms.
-Revamp local refineries and domestic production capacity to about 60 per cent by 2018, and ensure total elimination of imports and ensure that Nigeria becomes a net exporter of fuel by 2019.
-Achieve peace in the Niger Delta and security of oil facilities.
-Institute transparency and efficiency in the operations of the industry.
-Maintain robust relations with communities through stakeholder management and international coordination.
In 2017, the Niger Delta Avengers, NDA, again threatened to resume attacks of oil facilities. But, Mr. Kachikwu’s visit to the region in January, along with the Vice President, Yemi Osinbajo, on the orders of the President, to interact and consult with the youth and leaders of region, calmed restive nerves. Throughout the year, no major incident of armed attacks on oil facilities was reported in the region.
-Fine-tuning of the new joint venture funding mechanism for oil operations signed late in 2016 with the six multi-national joint venture partners, to help NNPC pay off its cash call arrears, exit cash call funding and transit into an Incorporated Joint Venture (IJV) within the next three years continued during the year.
-NNPC said it secured a total of $3.7 billion in Alternative Financing Agreements with its partners for crude oil drilling financing and condensate production.
-The minister played a pivotal role in getting the Organisation of Petroleum Exporting Countries, OPEC to grant Nigeria exemption from the decision by its members to cut the group’s crude oil production by about 1.2 million barrels from January 1, 2017.
-The exemption gave Nigeria an opportunity to recover lost capacity in the wake of the cut by more than 50 per cent daily crude oil production capacity, from about 1.1 million barrels as a result of militant attacks on oil facilities. During the exemption period, Nigeria grew its capacity to more than 1.8 million barrels. The exemption, which was extended twice, would continue till 2018 ending.
-The minister only succeeded in getting the Senate to pass the Petroleum Industry Governance Bill, PIGB in May after more than 17 years. The passed bill, which deals with the governance aspect of the law, seeks to unbundle the NNPC and make the petroleum industry more functional.
in 2016 reviewed the performances of the ministers after their first year in office with many of them getting average scores.
This is the third part in the series for 2017.
Mr. Buhari inaugurated 36 ministers on November 11, 2015 to man 24 federal ministries. However, two of them are no longer in the cabinet.
While the Minister of State for Labour and Employment, James Ocholi, SAN, died last year, Amina Mohammed left the cabinet to take up appointment at the UN as Deputy Secretary General.
In August 2017, Mr. Ocholi was replaced with Stephen Ocheni while Suleiman Hassan was sworn in as Minister of State for Power, Works and Housing.
PREMIUM TIMES presents the midterm scorecard of a third set of ministers in this report based on their promises on assumption of office, others they made thereafter and whether they fulfilled them or not.
Petroleum Resources Minister: President Muhammadu Buhari
-Review and update of oil and gas policy and regulations.
-Improvement of overall business environment to increase investment, boost oil production capacity to 2.8 million barrels per day, and achieve 10 billion standard cubic feet of gas production by 2019.
-Ensure gas revolution through improved infrastructure and fiscal terms.
-Revamp local refineries and domestic production capacity to about 60 per cent by 2018, and ensure total elimination of imports and ensure that Nigeria becomes a net exporter of fuel by 2019.
-Achieve peace in the Niger Delta and security of oil facilities.
-Institute transparency and efficiency in the operations of the industry.
-Maintain robust relations with communities through stakeholder management and international coordination.
In 2017, the Niger Delta Avengers, NDA, again threatened to resume attacks of oil facilities. But, Mr. Kachikwu’s visit to the region in January, along with the Vice President, Yemi Osinbajo, on the orders of the President, to interact and consult with the youth and leaders of region, calmed restive nerves. Throughout the year, no major incident of armed attacks on oil facilities was reported in the region.
-Fine-tuning of the new joint venture funding mechanism for oil operations signed late in 2016 with the six multi-national joint venture partners, to help NNPC pay off its cash call arrears, exit cash call funding and transit into an Incorporated Joint Venture (IJV) within the next three years continued during the year.
-NNPC said it secured a total of $3.7 billion in Alternative Financing Agreements with its partners for crude oil drilling financing and condensate production.
-The minister played a pivotal role in getting the Organisation of Petroleum Exporting Countries, OPEC to grant Nigeria exemption from the decision by its members to cut the group’s crude oil production by about 1.2 million barrels from January 1, 2017.
-The exemption gave Nigeria an opportunity to recover lost capacity in the wake of the cut by more than 50 per cent daily crude oil production capacity, from about 1.1 million barrels as a result of militant attacks on oil facilities. During the exemption period, Nigeria grew its capacity to more than 1.8 million barrels. The exemption, which was extended twice, would continue till 2018 ending.
-The minister only succeeded in getting the Senate to pass the Petroleum Industry Governance Bill, PIGB in May after more than 17 years. The passed bill, which deals with the governance aspect of the law, seeks to unbundle the NNPC and make the petroleum industry more functional.
Comments