Former Minister of Petroleum and Energy, Prof Tamunoemi David-West said when Muhammadu Buhari gets on seat, he will reduce the price of fuel from N87 to N40 per litre.
In a telephone interview with Vanguard, David-West said “I want to assure you that by the time he takes over, petrol will be dispensed at N40 per litre. This is possible and he has the credibility to make it work,”
David-West served as Minister of Petroleum and energy under Buhari’s regime from 1984-1985. He also said that “The major assignment of the president-elect when he is eventually inaugurated is to restore confidence to the industry,”
David also stressed that Buhari will do everything to ensure the industry is back to normal. He said Buhari is capable since he’s familiar with the petroleum industry.
According to him, “As military head of state, he dealt with the Federal Executive Council with the tenets of democracy. Buhari will build new refineries to make petroleum products available for the masses. No responsible government will allow the masses to suffer.
“He will strengthen the refineries within a year. It is possible as we won’t spend any amount in setting up a green field refinery.
“We already have a blueprint as we shall use what we have to get what we want,”
On Buhari’s stance on fuel subsidy, David said the people’s general has always said that the subsidy is a scam.