The people of Nigeria were surprised last week to read the embarrassing petition of the minister of state in the Ministry of Petroleum Resources, Dr. Ibe Kachikwu, addressed to President Buhari pertaining to his inability to consult with the president and substantive minister of Petroleum Resources, and the unilateral award of $25 billion contracts by Mr. Maikanti Baru, the group managing director (GMD) of the Nigerian National Petroleum Corporation (NNPC).
The duo has been involved in a public debacle following a leaked memo written by the minister in which he accused Baru of insubordination.
Both men met at the ongoing Nigerian Economic Summit at the Energy Policy Committee breakout session in Abuja.
Kachikwu also offered that he be represented at the second session of the dialogue by Baru, a request the organisers politely declined, because Baru was to chair a session and it would affect his participation.
Baru arrived the venue first and when the Minister walked in few minutes later, the NNPC boss left his seat to where Kachiwu was and they both exchanged pleasantries.
The minister, who was the moderator in the panel on energy, said the government was now dealing with the fundamentals of ensuring the refineries worked, while ensuring the availability of energy sources to meet the country's day to day needs. .
The federal government has hinted that a stronger, larger petroleum industry regulator will emerge after the passage of the Petroleum Industry Bill.
Baru spoke about the opportunities in the forthcoming marginal oil fields bid round, saying that "the successful completion of the process would present a veritable opportunity for Nigeria to grow its crude oil output and create employment".
According to Kachikwu, "whatever model of PIB that we are pushing, the point that Dr Baru made is very, very key to see an independent regulator with very enormous powers, with less of political interference so that individuals could do their work and also whittling down the powers of the minister so that these institutions could work and work well".
STREET GIST: Name a Nigerian politician who is not corrupt - on NAIJ.com TV.