As President Muhammadu Buhari, who doubles as the petroleum minister, completes his first term in office, stakeholders in the oil and gas sector have insisted that his performance in the sector is far below expectations. The stakeholders, who spoke to The Guardian yesterday, stated that Buhari did not deserve pass mark considering that critical issues, including industry reforms, transparency and accountability, overhaul of dilapidated refineries and payment of subsidy are yet to be addressed. They lamented that investments worth over $200 billion have been stranded due to failure to pass the Petroleum Industry Bill (PIB), just as they noted that promises to address the various demands of the people of the oil-producing region, including addressing a 16-point request by the Pan-Niger Delta Forum (PANDEF) and re-awarding oil blocks whose licences have expired, remained unkept. Although the Senate at the weekend passed the reworked Petroleum Industry Governance Bill (PIGB), to […]