APC Group Commends President Buhari On Oil And Gas Sector Reforms

Godwin Amunde

The APC Legacy Awareness and Campaign, a voluntary think-tank group of the governing All Progressives Congress (APC) has commended the administration of President Muhammadu Buhari for its unprecedented performance in the oil and gas sector.

This according to the group, is not unexpected considering that Buhari, as military officer, was the pioneer Chairman of the Nigerian National Petroleum Corporation (NNPC), between 1977 and 1978, which he combined with his role as Federal Commissioner of Petroleum and Natural Resources – one of the first public offices he held.

The group emphasised that during Buhari’s foray into the sector, he laid a substantial groundwork for the national infrastructure that helped develop the industry – pipelines, refineries, depots and midwived the vision for a Liquefied Natural Gas (LNG) plant.

It said this in a statement signed Tuesday in Abuja by the quartet of Barr Ismail Ahmed, Lanre Issa-Onilu, Tolu Ogunlesi and Salisu Moh Lukman, and added that President Buhari will not slow down or relent in his efforts to transform the NNPC.

Part of the statement reads: “President Buhari was the pioneer Chairman of the NNPC, between 1977 and 1978. Combining this with his role as Federal Commissioner of Petroleum and Natural Resources, it was one of the first public offices he held that brought him to national attention.

“During that period, he laid the substantial groundwork for the national infrastructure that helped develop the industry – pipelines, refineries, depots, etc, and helped midwife the vision for a Liquefied Natural Gas plant.

“Forty years later, the task has fallen upon him again to spearhead unparalleled reforms in the Corporation he helped establish. Under the president’s watch, since 2015, the National Oil Company has achieved the following, and more:

“Published Audited Financial Statements for 2018, 2019 and 2020. This is the first published Audited Financial Statements since the NNPC came into existence 43 years ago.

“Commenced clearing the backlog of Cash Call arrears owed International Oil Companies (IOCs), inherited from previous administrations, and amounting to more than five billion dollars.

“Completed the Escravos-Lagos Pipeline System (ELPS) Phase 2, doubling its capacity to 2.2 billion cubic feet of gas.”

The group lists other achievements in the sector to include the: “Completition and commission of an integrated gas handling facility at Oredo, Edo State, which, in addition to producing 84 million cubic feet (mmcf) per day of lean gas (for power generation), will be the largest onshore LPG plant in Nigeria, producing an estimated 330 tonnes per day.

“Co-invested with the private sector in the incorporation of a 600-million standard cubic feet (mscf) Gas Processing Plant in Imo State, a Biofuels Company in Ondo State, and a 10,000 tonnes per day Methanol Plant in Bayelsa State; among others.”

It added that: “The crowning achievement has been the presidential assent to the Petroleum Industry Bill (PIB), after two decades of unsuccessful attempts.

“With the emergence of the Petroleum Industry Act (PIA), a new chapter has definitely commenced in the Nigerian oil and gas sector.

“New industry regulatory agencies have been established, to provide the necessary oversight befitting the new status quo, and the President has received National Assembly approval for his nominees to the management teams of these new agencies.

“It is truly a new dawn for oil and gas in Nigeria.”

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