We didn’t unbundle NNPC – Kachikwu


By; Sunday Ode, Abuja.
Minister of Petroleum (State) and Group Managing Director (GMD) of Nigerian National Petroleum Corporation (NNPC), Ibe Kachikwu, on Wednesday denied reports that the Federal Government had unbundled the Corporation.
He told State House correspondents after a meeting with President Muhammadu Buhari at the Presidential Villa, Abuja, that what the government rather did was to reorganize NNPC.
He said: “We have not unbundled NNPC. We had a press conference yesterday (Tuesday) where I explained this.
“What we have simply done is reorganisation. We have five business entities focusing 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.
“NNPC has not been unbundled in the sense of breaking up NNPC into distinct institutions.”
On the ongoing strike by staffers of NNPC, he noted: “I am concerned. I don’t want the industry shut down. I am sure we are going to resolve the issues very soon.”


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