• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
Nairametrics
Home Business News Politics

2023: Timipre Sylva drops out of presidential race 

William Ukpe by William Ukpe
May 16, 2022
in Politics
FEC okays N5.4 billion for gas parks, airport security project, Land border closure, daily fuel consumption drops by 8 million litres 
Share on FacebookShare on TwitterShare on Linkedin

Nigeria’s Minister of State for Petroleum, Timipre Sylva, has withdrawn his bid to contest for president under the All Progressives Congress (APC).

This was disclosed in a report by the News Agency of Nigeria on Monday evening.

This comes as President Buhari had last week ordered all political appointees seeking office to resign on or before the 16th of May. Sylva joins two other ministers – Chris Ngige and Abubakar Malami, in dropping his political ambitions.

MoreStories

LASG gives 4-day relocation deadline to squatters in Lagos coastal road, Lekki 

Atiku slams govt for neglecting 1,600 Nigerian scholars abroad 

January 12, 2026
Borno Govt halts fuel sales in Bama, Banki to cut off supplies to insurgents 

Borno govt disburses N1 billion to SMEs in five local government areas 

January 9, 2026

What they are saying

The report disclosed that an official at the ministry stated that the Minister withdrew from the race to support President Muhammadu Buhari‘s administration’s regulatory reforms in the oil sector.

It stated that Sylva promised to consult the leader of the country and 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 someone can just come in and take over. 

“It requires some measures of time for the person to understand what is happening in the system,” the official said.

The official added that for the interest of the industry and the nation, Sylva has decided to wave that personal ambition to see what he can contribute in the remaining days of President Buhari’s administration.

“The implementation of the Petroleum Industry Act 2021 is very critical, and he wants to continue to make his contribution to the day-to-day running of the country and support Mr. President for robust achievements,” the official said.

In case you missed it

  • Nairametrics reported last week that during a valedictory session for outgoing ministers with political ambitions, the Minister at the event included Minister of Transportation, Rotimi Amaechi; Niger Delta Affairs, Godswill Akpabio; Science, Technology and Innovation, Ogbonnaya Onu, State for Petroleum, Timipre Sylva; Labour and Employment, Chris Ngige.
  • Others are the Attorney-General and Minister of Justice, Abubakar Malami (SAN), Minister of State, Mines and Steel Development, Uche Ogah, the Minister of Women Affairs, Pauline Tallen, and the Minister of State for Niger Delta Affairs, Tayo Alasoadura.

Add Nairametrics on Google News
Follow us for Breaking News and Market Intelligence.
Tags: Timipre Sylva
William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

Next Post
3 Cryptocurrencies to watch in 2022: Logarithmic Finance, Flow and Zcash

3 Cryptocurrencies to watch in 2022: Logarithmic Finance, Flow and Zcash

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

rabafast

access bank
nairametrics
first bank









DUNS

Follow us on social media:

  • HOME
  • ABOUT NAIRAMETRICS
  • CONTACT US
  • DISCLAIMER
  • ADs DISCLAIMER
  • COPYRIGHT INFRINGEMENT

© 2026 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Login
  • Sign Up

© 2026 Nairametrics