Tuesday, 25 August 2015

SHAKE-UP IN NNPC RAISES HOPE OF OIL REFORM

Shake-up in NNPC Raises Hope of Oil ReformThe Nigeria Extractive Industries Transparency Initiative (NEITI) has stated that the ongoing organisational restructuring at the Nigerian National Petroleum Corporation (NNPC) has given it the confidence that the government would initiate far-reaching reform in the Nigeria’s oil and gas sector.

NEITI said recently in Abuja that so far, the decision of President Muhammadu Buhari to restructure the management organ of NNPC, starting with the top cadre of the state oil firm was suggestive of a strong political will to change the latent mode of operations in the country’s hydrocarbon industry.
 

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