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President Muhammadu Buhari is likely to keep the oil portfolio for himself in the new Nigerian cabinet, rather than trust anyone else with the source of most of Nigeria’s revenue and traditional fount of corruption, associates say.
The ministry contributes over 80 per cent of Nigeria’s revenue. Reuters quoted some close associates of the President as saying this on Tuesday.
One long-standing associate of Buhari, who spoke on condition of anonymity because the cabinet decision was still under wraps, said Nigeria’s oil sector was so dirty that nobody’s hands were clean enough to do the “surgical changes” needed.
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