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Buhari should retain Ministry of Agriculture and Steel, not Petroleum

06 October 2015, 10:03 Hussain Obaro

Indications has emerged in the past couple of days that the speculation of the decision of President Muhammed Buhari to appoint himself as Minister of Petroleum resources, with a junior minister taking charge of the day-to-day affairs in the sector is real. the President has vowed that corruption in the oil sector would forthwith be given the priority it truly deserve, as he seeks to cut endemic graft and put the county’s crippled, crude-dependent economy on a sound footing.

Although many have hailed the decision of Mr President to fully take charge of the minister of petroleum in view of the wide spread corruption which has engulfed the oil sector and the fact that our’s is still an oil dependent economy for now. hence, the need to block all loop-holes of corruption to ensure more money for government at various level to execute capital projects that would add value to the well being of Nigerians. the fact that president Buhari has singled out the petroleum minister to get the lion-share of his attention runs totally contrary to the campaign promise of the APC led federal government.

Also Read: Senate prepares to confirm Buhari cabinet list

The APC and its presidential campaign team promised to diversify the Nigerian economic away from a mono- economy of oil dependency by tapping the vast opportunities in mines and agriculture to turn the economic fortunes of the country for the better. the present exigency of dwindling oil prices  has made it imperative for any serious minded people and government to seek for new opportunities for revamping the economy. diversifying the economy into various none-oil sectors like mines and steel, agriculture, manufacturing tourism and hospitality is surely the way to go. instead of focusing most of his energy on the oil sector, the same mistakes made by previous administrations whose economic policies instead of being diversified, became more straight- jacketed and narrowed into the smallest ducts and vents of the oil industry. president Buhari should be to focus more on the sectors that will create the most jobs and make Nigeria a more manufacturing nation rather than a consumer one.

Previous federal governments over the years mismanaged the revenue accrued from oil and failed to use them as a spring board to develop other sectors of the economy for enhanced revenues. due to the pathetic level of unemployment and poverty across the country, at the moment, the only way to put the nation’s economy on a sound footing of economic progression is for Mr President to stick to his campaign promises of fully and totally diversifying the Nigerian economy through mines and steel, and agriculture. its no longer news that the country’s over dependence on oil as our chief revenue earner is what has brought us  this backward and retarded, therefore, wasting much of the president's energy  on a sector that has brought us to our present economic predicament would only be tantamount to repeating the same mistake made by the past leaders.

Mines and steel, and agriculture alone has the capacity of employing over 40million Nigerians, while tourism and hospitality, and manufacturing would employ about 25million more and give this country a revenue that would be more than what oil can ever give to the economy. president Buhari should rather appoint himself as minister of mines, steel, agriculture and manufacturing instead of petroleum.                                                    

- MyNews24

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.

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