Business & EconomyNNPC reforms: FG to establish inter-ministerial committee

NNPC reforms: FG to establish inter-ministerial committee

-

NNPC reforms: FG to establish inter-ministerial committee
 By; Jacob Onjewu Dickson
President Muhammadu Buhari has disclosed that an inter-ministerial committee will soon be established to speed up the re-organization and reformation of the Nigerian National Petroleum Corporation (NNPC).
According to a statement signed by Special Adviser to the President (Media & Publicity), Femi Adesina, he disclosed this at a meeting with the Chief Executive Officer of the International Finance Corporation (IFC), Jin-Yong Cai, at the Presidential Villa, Tuesday.
 
President Buhari said 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 maximize 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.
Mr. Jin-Yong Cai, who is also the Vice President of the IFC, told President 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 told the President.
 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

NEDC Constructs Modern International Cattle Market In Bauchi

By, MOHAMMED KAWU, Bauchi An Ultra-Modern International Cattle Market to safeguard the lives of people of Soro town and environs...

2021 Graduation: NAOWA Brigade Holds Speech, Price Giving Day For Nursery, Primary

By; AMOS MATHEW, Kaduna As part of efforts to reward excellent performance and hard work for pupils of NAOWA Guards...

Kidnappers Kill Miyetti Allah Chairman In Kaduna

By; JACOB ONJEWU DICKSON Kidnappers have killed the Chairman of Lere Local Government Branch of Miyetti Allah Cattle Breeders Association...

Bala Mohammed Is A Patriot, Will Never Decamp To APC, Northern Youth Leaders Tell FFK

By; JACOB ONJEWU DICKSON A Frontline group made up.of over 100 youth groups, Northern Youths Leaders Forum (NYLF)  has described as...
- Advertisement -spot_imgspot_img

Group To Finance Minister: Stop Frustrating Nigeria’s Economic Recovery Efforts

By; JACOB ONJEWU DICKSON The Arewa Progressives Assembly has cautioned Finance Minister Hajiya Zainab Shamsuna Ahmed to "desist from introducing...

Court Orders FG, DSS, To Pay N20bn Damages To Igboho Over Unlawful Invasion Of Ibadan Residence

By; BAYO AKAMO, Ibadan  It was jubilation galore for supporters of Yoruba rights activist, Sunday Adeyemo Igboho as an Oyo...

Must read

Stop Deceiving Youths On N-Power Scheme, APC Warns Fayose

By; OLADELE ADEDAYO, Ado-Ekiti. The All Progressives Congress, APC in...

BREAKING; Scores feared dead in Kano explosion

BREAKING; Scores feared dead in Kano explosion. Details later.....

You might also likeRELATED
Recommended to you