The ongoing petroleum crisis in Nigeria has reached a critical juncture, and it is becoming increasingly clear that President Bola Tinubu’s direct oversight of the Ministry of Petroleum is hindering progress rather than fostering it. Since assuming the role of senior minister, the ministry has consistently underperformed, failing to meet its own promises, including the completion of refineries in Port Harcourt, as well as effectively managing the fuel subsidy.
One of the most glaring issues is the ministry’s inability to provide transparency regarding the country’s crude oil production and the exact volume of Premium Motor Spirit (PMS) consumed by Nigerians. This lack of accountability only exacerbates the challenges we face in the petroleum sector, which is a cornerstone of our economy.
With the ministry under the direct supervision of President Tinubu, it is evident that the demands of the office are overwhelming. He is stretched too thin, juggling numerous responsibilities while the Ministry of Petroleum languishes in inefficiency. The Minister of State lacks the autonomy required to implement necessary reforms, leaving the Nigerian National Petroleum Corporation Limited (NNPCL) mired in allegations of corruption and mismanagement.
The current fuel crisis is a testament to this failure. The ministry’s inability to monitor fuel quality and ensure the accuracy of meters at filling stations has led to widespread dissatisfaction among consumers. Many Nigerians find themselves paying for fuel that does not match the quantity dispensed, a situation that is both frustrating and financially burdensome, especially given the escalating prices of PMS.
The petroleum sector is vital to Nigeria’s economic stability, and it deserves focused, competent leadership. It is time for President Tinubu to recognize that his involvement in the ministry is counterproductive. Appointing a qualified technocrat to oversee the Ministry of Petroleum is long overdue. Such a leader would bring the necessary expertise and focus to address the myriad challenges facing the sector and restore public trust.
It’s now obvious that the future of Nigeria’s petroleum industry hinges on effective management and transparent governance. President Tinubu must prioritize the nation’s interests by stepping back from the Ministry of Petroleum and allowing a dedicated professional to take the reins. The time for decisive action is now.
Usman Okai Austin,
Writes from Abuja