Minister of State for Petroleum, Timipre Sylva, who is one of the Presidential aspirants of the All Progressives Congress (APC) has withdrawn from the race.
A correspondent of the News Agency of Nigeria (NAN) who monitored development at the ministry in Abuja on Monday reports that Sylva said he withdrew his ambition having considered the enormous work at the ministry.
An official at the ministry who chose to remain anonymous said Sylva withdrew from the race to support President Muhammadu Buhari in his quest to achieve a robust oil sector.
“He promised to consult the leader of the country and his political leaders the day he was presented with the form.
“He believes that concentrating on his work will attract more investments for the oil and gas sector.
“He has consulted and he believes that the challenges at the ministry and oil and gas sector are enough issues for him to begin to deal with now than going to pursue presidential ambition at the expense of the nation.
“The oil and gas sector is the mainstay of the economy and it is not like any other ministry somebody can just come in and take over.
“It requires some measures of time for the person to understand what is happening in the system.
“For the interest of the industry and the nation, he has decided to wave that personal ambition to see what he can contribute in the remaining part of President Buhari’s administration.
“The implementation of the Petroleum Industry Act 2021 is very critical and he wants to continue to make his own contribution to the day-to-day running of the country and support Mr President for robust achievements,” the official said.
Meanwhile, Mr Horatious Egua, Senior Special Assistant to the minister on media, when contacted, confirmed to NAN that the minister was back to work.
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