₦airaland Forum

ABUJA, (Reuters ) – Nigerian President
Muhammadu Buhari may not name a cabinet
until September as he takes time to find
credible ministers and build a government
untainted by the corruption of the past , a
senior official and party sources said .
Buhari swept to power in March on an anti -
graft ticket and was sworn in on May 29 but
critics are starting to ask why ministers for
Africa’ s biggest economy have yet to be
unveiled a month after he came into power.
His defeat of incumbent Goodluck Jonathan
was seen as a positive step for Africa ’s top oil
producer, given the corruption scandals that
have blighted previous administrations.
But Nigeria ’ s financial markets are starting to
suffer as the post -election euphoria fades and
the lack of a cabinet leaves investors waiting in
vain for policy direction on issues as important
as the currency and petroleum investment .
“It will take the next two months before
ministers can come on board. Bringing them in
now may disrupt the clean - up going on . So
Nigerians just have to be patient, ” presidential
media adviser Garba Shehu told Reuters. “ We
need to clean up the mess everywhere before
the ministers can come. ”
Buhari’ s anti -corruption drive has been at the
heart of his moves so far , alongside efforts to
establish a military force with Cameroon, Chad
and Niger to fight the six- year Boko Haram
Islamist insurgency in the northeast .
While Buhari has not named any ministers , he
dissolved the board of the Nigerian National
Petroleum Company ( NNPC ) last week and the
state oil firm ’ s management may be next to
go.
The National Economic Council , a presidential
advisory group that met this week for the first
time since Buhari was inaugurated , said the
NNPC had kept nearly half Nigeria ’s oil
revenues from 2012 to May 2015 and promised
an investigation .
Parliament also agreed last week to investigate
contracts between the NNPC and oil trading
houses , in which crude was swapped for
refined fuel products , on the grounds that there
was a gap between the value of the oil
delivered and fuel received .
“President Buhari’ s cabinet won ’ t be ready until
early September because he is not in a hurry, ”
a senior member of his All Progressives
Congress ( APC ) party said . “ He is just being
meticulous so that he can bring in credible and
competent hands . ”
However , some APC insiders say a power
struggle between Buhari and party leader Bola
Tinubu , a former Lagos state governor and one
of Nigeria ’ s most formidable political
godfathers, lies behind the delays .
The opposition People ’s Democratic Party
(PDP ) said it was concerned Buhari had not
made key appointments and the first month of
his tenure had been “ all motion , no movement ” .
Yvonne Mhango, sub-Saharan Africa economist
at Renaissance Capital , said the uncertainty
was exacerbating jitters about the outlook for
an economy battered by depressed oil prices .
“We hope we ’ ll get clarity on what sort of
policies we should expect and investors can
make decisions on the back of that ,” Mhango
said .

http://www.pmnewsnigeria.com/2015/07/01/buhari-may-not-appoint-ministers-until-september/



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princeofpeace22:
http://www.pmnewsnigeria.com/2015/07/01/buhari-may-not-appoint-ministers-until-september/

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This e-rat sef dey claim opposition

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e be like say they want yo tell us another story yeee...

Nigerialuck and we are patiently waiting.