Home Energy Deliberation on NNPC’s restructuring on going

Deliberation on NNPC’s restructuring on going

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Federal Ministry of Petroleum Resources has said that the restructuring of the Nigerian National Petroleum Corporation (NNPC)  is still being deliberated and as such it would be dangerous to reach a conclusion on the matter when it was still being discussed.In a statement issued recently by its spokesperson, Mr. Idang Alibi, the ministry said, “Quoting from the provisions of the draft National Oil Policy and the draft National Gas Policy widely in circulation now, the media reached a dangerous conclusion on a matter that is still being deliberated and debated upon before a final decision is taken on it by the appropriate organ of the Federal Government.”
“The Ministry of Petroleum wishes to state that no final decision has yet been taken on the idea of scrapping the NNPC and other parastatals and agencies of the petroleum sector,” it added. It also stated that the ideas contained in the two key policy documents were still tentative, adding that they would become policy plans of the government only after they might have undergone the necessary processes. It added that the draft documents were still subject to further amendments, reviews or even rejection
It would be recalled that  the state corporation recently announced the appointment and redeployment of top management staff across board in a major exercise designed to reflect operational realities and ensure sustained performance and profitability,
The Group Managing Director of the NNPC, Maikanti Baru, said that the changes were informed by the desire to consolidate on the restructuring exercise through realigning jobs with requisite competences and experiences in line with international best practices while taking deliberate measures to ensure fairness and equity as well as the capacity to deliver.

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