African Energy Chamber Commends the Appointment of Timipre Silva as Nigeria’s Minister of Petroleum

August 22, 2019
African Energy Chamber Commends the Appointment of Timipre Silva as Nigeria’s Minister of Petroleum

 
The appointment of Timipre Silva as Nigeria’s Minister of State for Petroleum has been welcomed by a cross section of industry stakeholders especially the members of the African Energy Chamber noting that this is a good sign for the sector. It could be recalled that Mr. Silva met with heads of agencies in the Petroleum Ministry yesterday and promised to work with them to reposition the Nigerian petroleum industry to its past glory. Analysts say that the appointment of Silva by President Buhari is aimed at securing stability within the Niger Delta region because that is where Timipre Silva comes from.

This belief is stemmed from the fact that as former Governor of the Bayelsa State, in the core Niger Delta region, Timipre Silva understands the core issues affecting Nigeria’s oil and gas sector, the call for better revenue management and distribution, and the need for increased community involvement across Nigeria’s key oil regions. Lack of community involvement in the oil and gas exploration and exploitation has been cited as being responsible for the militancy, environmental degradation and instability in the region. It is then the belief that having also previously served as a Special Assistant to a Minister of Petroleum, H.E. Timipre Silva has demonstrated a vast experience and understanding of Nigeria, African and international energy dynamics.

Speaking on this development, the Executive Chairman at the Chamber and CEO of the Centurion Law Group, Nj Ayuk notes that the appointment of a well-versed former Governor with a demonstrated ability to work with different parties and a good understanding of the oil sector is a clear sign that Nigeria is serious about continuing its pace of reforms, declaring that Africa’s biggest oil producer needs such an experienced figure to lead the industry and our continent into new heights.

To this end, the African Energy Chamber has congratulated H.E. Timipre Silva on behalf of all its partners and will continue to work closely with the Department of Petroleum Resources to pursue local content development, support the regionalization of Nigerian oil and services companies, and assist any foreign investors seeking to do business in Nigeria.

 

 

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry.

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