The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has blamed panic-buying by Nigerians, for the emergence of queues at filling stations.
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Following President Buhari’s distribution of portfolio to his ministers yesterday 11, November Dr Onu Ogbonnaya who was sworn in as Minister of Science and Technology is aware of the expectations of the nation and has promised to strive to be the best of Buhari’s ministers.
In the end, most of the ministers named came from a familiar set of reform-minded politicians from the opposition.
Under the constitution, the president must include a member from each of the country’s 36 states.
“But in Nigeria, looking back at the situations we have had before, waiting so long to appoint ministers has become very necessary because they will be the drivers of the economy”, said Chinonso Okafor, a lecturer at the Abia State University in Nigeria.
Fashola emerged Minister of Power, Works and Housing with the distinction of having two permanent secretaries working under him.
The Leadership newspaper said President Buhari on Wednesday split the Ministry of Finance and created another ministry – Ministry of Budget and Planning and also merged a few other ministries. Also, I have responded to the counsel to consult as widely as possible, given the need to build a stable and all-inclusive government by reaching across our various ethnic and political divides.
“The most immediate task facing the incoming team will be outlining the much-awaited government fiscal plans”, said Manji Cheto, vice president of Teneo Intelligence, in an e-mailed note.
One of the challenges of the past governments was that a great number of those appointed as federal ministers were either not ready or that they lack the administrative skills to oversee their ministries. James has covered the Nigerian elections and Boko Haram.
“On the moral sphere, trust is slowly but steadily being re-established between the government and the people”.
“Overall, our economy is poised for sustained job creation, poverty reduction and sustained growth”, according to the president.
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“Adeosun’s seeming endorsement of current FX policy choices during her senate testimony will disappoint investors who had been hoping for more rapid liberalisation of Nigeria’s FX market”, Razia Khan, chief Africa economist at Standard Chartered Bank. told Financial Times.
