Buhari pledges to fast-track NNPC’s re-organisation
President Muhammadu Buhari on Tuesday said he would soon establish what he called an inter-ministerial committee that will be saddled with the responsibility of fast-tracking the re-organisation and reformation of the Nigerian National Petroleum Corporation.
According to a statement by his Special Adviser on Media and Publicity, Mr. Femi Adesina, the President spoke while granting audience to the Chief Executive Officer of the International Finance Corporation, Jin-Yong Cai, at the Presidential Villa, Abuja.
Adesina further quoted the President as saying that the reformation of the NNPC had become inevitable in view of the corruption and abuse of its present structure in the recent past.
“The President also cited Nigeria’s current need to maximise income from every source of revenue as a further imperative for reforming the NNPC.
“He said that his administration was doing everything possible to boost national revenue so that it can effectively implement its programme of change and significantly improve the living conditions of Nigerians,” the statement added.
Cai, who is also the Vice President of the IFC, was said to have told Buhari that with proper reformation and re-organisation, NNPC could become Africa’s largest company.
“You have brought monumental changes since you got to power. You have brought in strong leadership and Nigeria has the opportunity under you to become highly reputable.
“In NNPC, you can create an entity that is dominant in Africa, and this is the right time to do it, with the momentum you have created,” he reportedly told the President.
…From Punch
More Stories
GOVERNOR RADDA CELEBRATES KATSINA STATE AT 36
On Saturday, Governor Dikko Radda sent his congratulations to the residents of Katsina State on the 36th anniversary of the...
PLATEAU POLLS: YUSUF GAGDI DESCRIBES TRIBUNAL JUDGEMENT AS MINOR SETBACK
Yusuf Gagdi, a member of the House of Representatives who represents the Pankshin/Kanke/Kanam Federal Constituency, has called the recent ruling...
JUST IN: BENUE GOVERNORSHIP TRIBUNAL UPHOLDS ALIA’S ELECTION
The election of Governor Hyacinth Alia of the All Progressives Congress (APC) was upheld by the Benue State Governorship Election...
SANWO-OLU INSPECTS ONGOING LAGOS-BADAGRY CORRIDOR CLEANUP
•Illegal traders, squatters ejected as special Taskforce clears highway •Be ready for total forfeiture of assets, Governor warns defiant...
JUST IN: BODE AGORO NAMED AS NEW LAGOS STATE HEAD OF SERVICE
The announcement has been made of a new Head of Service in the Lagos State Government. On Friday evening, Shuaheeb...
PRESIDENT TINUBU REMAINS COMMITTED TO SAFEGUARDING NIGERIA’S DEMOCRACY – SHETTIMA
Vice President Kashim Shettima, has said that President Bola Tinubu is still committed to preserving Nigeria's democracy and will utilize...