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Policy & Regulation

Nigeria’s Buhari must tackle unfulfilled promises

Muhammadu Buhari has been re-elected as Nigeria’s president but has yet to implement his promised overhaul of the country’s chaotic petroleum sector Muhammadu Buhari has been re-elected as Nigeria’s president but has yet to implement his promised overhaul of the country’s chaotic petroleum sector.
By Felix Janvrin 7 March 2019 Middle East & Africa / Exploration & Production 0 34014
Muhammadu Buhari, president of Nigeria, at the UN in 2015. (UN Photo, Amanda Voisard)

The key issue: Muhammadu Buhari was re-elected as president of Nigeria on 23 February and will also continue to serve as the country’s minister of petroleum resources.

Interfax analysis: President Muhammadu Buhari and his All Progressives Congress party face major challenges in attracting the investment needed to realise Nigeria’s gas potential, which is the largest in Africa. The petroleum sector is the country’s main foreign income earner and accounts for two-thirds of government revenues, but it is in dire need of structural changes to remain...