African Energy Chamber Congratulates Nigeria’s New Oil Minister
The African Energy Chamber has welcomed the appointment of Chief Timipre Silva as the new minister of state, petroleum resources in Nigeria. The new minister was among 43 ministers sworn in yesterday in Abuja by President Muhammadu Buhari for his second tenure
In a statement issued today, the Chamber said, “As a former Governor of the Bayelsa State, in the core Niger Delta region, H.E. Timipre Silva understands the core issues affecting Nigeria’s oil & gas sector, the call for better revenue management and distribution, and the need for increased community involvement across Nigeria’s key oil regions.”
According to the statement, the new minister having also previously served as a Special Assistant to a Minister of Petroleum, he has demonstrated a vast experience and understanding of Nigeria, African and international energy dynamics.
“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,” declared Nj Ayuk, Executive Chairman at the Chamber and CEO of the Centurion Law Group, said in the statement.
“Africa’s biggest oil producer needs such an experienced figure to lead the industry and our continent into new heights. 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,” he concluded.
Silva replaces Emmanuel Ibe Kachikwu who was Nigeria’s representative at the Organisation of Petroleum Exporting Countries (OPEC) meetings, as well president of the African Petroleum Producers Organisation (APPO). It is not clear if the new minister of state will replace Kachikwu as President of APPO.