Tuesday 29 September 2015

NNPC should not be allowed to formulate policies for oil, gas sector – experts

Industry experts have warned of the dangers of allowing the Nigerian National Petroleum Corporation (NNPC) to spearhead the formulation of policies for the oil and gas sector.   The state oil company has rather been asked to focus on making the newly created directorates profit centres, instead of massive cash-guzzling points.
 
The experts point to the pronouncement by the Ibe Kachikwu, group managing director (NNPC) calling for the removal of petroleum subsidy as a policy issue that would only distract the NNPC from the current reforms being embarked upon by the new helmsman.
 

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