Buhari laments declining fortunes of oil sector


President Muhammadu Buhari has lamented the declining fortunes of the nation’s oil sector.
He expressed his sadness at the ugly turn in the nation’s oil sector at the luncheon organised in his honour on Tuesday by the Ogun State Government. The luncheon held at the proposed site of President Muhammadu Buhari Estate, along Abeokuta-Siun-Kobape-Sagamu Expressway, in Obafemi-Owode Local Government Area of the Ogun State.
Buhari was on a two-day visit to the state in commemoration of the state’s 40th anniversary.
Buhari, who appreciated former President Olusegun Obasanjo for appointing him then as the Minister of Petroleum, said during his three and half years tenure, both the Warri and Kaduna refineries were built.
He said, “I want to appreciate the former President, Chief Olusegun Obasanjo, for appointing me as the Minister of Petroleum. For three years he tolerated me; I really thank him for that. Within those years, we built the Warri and Kaduna refineries.
“We laid so many pipelines and then we were exporting refined petroleum products. But what do we have today? I want to stop here.”
Buhari, who left the Presidential Lodge, Ibara GRA, Abeokuta at exactly 10am, inaugurated four projects executed by Governor Ibikunle Amosun in Abeokuta.
They were the partially completed ultra-modern market, Omida; Itoku-Sapon flyover named Olufunmilayo Ransome-Kuti Flyover; ultra-modern market at Sapon; and one of the model colleges named after two educationists who hail from the state, Femi and Dotun Oyewole.
The President also turned the sod at the proposed sites of the Ogun State Judiciary complex and the estate named after him.
Buhari was later treated to a luncheon, which attracted some of the former governors of the state, royal fathers, ministers, governors, and the All Progressives Congress’ chieftains led by the National Chairman of the party, Chief John Odigie-Oyegun.
Buhari commended Amosun for transforming the state, most especially Abeokuta, in terms of infrastructural development.
He said as a commissioned officer in 1963, his first posting was to Abeokuta, adding that the state had changed tremendously, in terms of infrastructure, that he had to rely on the governor to identify sites of some landmarks in the state while he was there.

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