Buharis Re-election, Good Omen for Oil, Gas Sector Stakeholders

Stakeholders in the Nigerian oil and gas sector have said the re-election of President Muhammadu Buhari is good omen for the oil and gas sector.

Some of the stakeholders including staff of the Nigerian National Petroleum Corporation (NNPC) told the News Agency of Nigeria (NAN) in Abuja on Friday, that the sector would witness massive growth with the reelection of the president.

Mr Musa Danjuma, a staff of the NNPC said that there would be continuity with the happenings in the corporation and by extension the industry.

I am happy that the president won this election; for us in NNPC, it would have been a disaster if he had lost.

With him as the president, on-going projects will continue and which will be a good lead in the industry.

You know people have been apprehensive about investing in capital projects in the sector because of the election and with the proposal of the opposition party to sell the NNPC if they win.

Right now, with President Buhari on board, most of them will invest and it will help to heat the ground running, he said.

Danjuma further said that the president should try and ensure speedy passage of the Petroleum Industry Bill (PIB).

This, he said would help bring about change, growth and development in the sector.

Also, another staff who spoke on condition of anonymity told NAN that the best has happened to the sector with the reelection of President Buhari.

As the president, he was the Minister of Petroleum and there has been great difference with the way things has been going on in the sector.

His coming back will help to solidify the good things already existing in the sector.

You can see that there is transparency in everything happening in the corporation right now.

This is what Buhari signifies and that is what we want. I am happy that he has been reelected, he said.



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