‎Buhari announces plans to raise panel on NNPC reforms

NNPC Towers

President Muhammadu Buhari said Tuesday in Abuja that an inter-ministerial committee will soon be established to speed up  the  re-organization and reformation of the Nigerian National Petroleum Corporation (NNPC).

Speaking at a meeting with the Chief Executive Officer of the International Finance Corporation (IFC), Jin-Yong Cai, at the Presidential Villa, 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 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,” presidential spokesman, Fe‎mi Adesina, quoted Mr. Buhari as saying.

“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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  • JasV

    Mr president, do not let anyone including these chinese deceive you. Yes you have brought change and fear into those you used to recklessly steal and loot our resources but nothing monumental yet. Anyone who uses that word for you at this stage should be sent to me for appropriate monumental imprisonment.