NNPC reorganized, not unbundled – Kachikwu insists

Share it:

The Minister of State for Petroleum Resources, Ibe Kachikwu on Wednesday insisted that the Nigerian National Petroleum Corporation has not been unbundled.

He spoke with State House correspondents after the Federal Executive Council (FEC) meeting at the State House, Abuja.

According to him, the Corporation is only being reorganized.

He said: “We have not unbundled NNPC. We had a press conference yesterday where I explained this.

“What we have simply done is reorganisation. We have five business entities focus on business: Upstream, Downstream, Refineries, Gas and Power that are there before.

“There is also Ventures that captures all our little companies that were not having proper stewardship. They are run by individuals who report to the GMD.

“The NNPC is still a whole. There is nothing new that has happened.

“I have tried to explain this and I am sure the NNPC workers are members of the family, they will understand. We are going to have a meeting, and they will be made to understand. Perhaps the engagement has not been good enough,” he said.

He added: “NNPC has not been unbundled in the sense of breaking up NNPC into distinct institutions.

“I am concerned. I don’t want the industry shut down. I am sure we are going to resolve the issues very soon,” he stated.

(The Nation)
Like Diamond Report On  Facebook!

Follow Diamond Report On Twitter!

Advertise Your Products And Services With Us At Affordabe Rates! Click HERE
Share it:

Post A Comment:


We’re eager to see your comment. However, Please keep in mind that all comments are moderated according to our Comment Policy and all the links are nofollow. Using keywords in the name field area is forbidden.
Comment Using Either Disqus or Default Comment Mode.