NNPC Reforms: Buhari to establish inter-ministerial committee

By Yemie ADEOYE

ABUJA — NIGERIA’s President Muhammadu Buhari has said that his administration would soon establish an inter-ministerial committee to ensure the speedy reform  of the Nigerian National Petroleum Corporation, NNPC.

The President stated this at a meeting with  the Chief Executive Officer of the International Finance Corporation (IFC), Jin-Yong Cai, at the Presidential Villa, Abuja, yesterday.

Nigeria's President Buhari

Nigeria’s President Buhari

According to the President, the re-organisation of the NNPC was extremely necessary due to alleged monumental corruption and abuse of its present structure.

The President added that his government was determined to maximize income from every source of revenue as a further imperative for reforming the NNPC, stressing that the national revenue needed a boost to effectively implement its programme of change and significantly improve the living conditions of Nigerians.

Also speaking, Mr. Jin-Yong Cai, who is also the Vice President of the IFC, stated that proper reformation and re-organisation of NNPC could make it 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.

 

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