Obasanjo urges NNPC reform, faults sale of assets

NNPC-Towers01 October 2016, Lagos – Former president, Chief Olusegun Obasanjo has called for reforms in the Nigerian National Petroleum Corporation (NNPC), rather than its sale.

Speaking during a visit by the Group Managing Director of the NNPC, Dr. Maikanti Baru, at his residence in Abeokuta on Wednesday, Obasanjo said if there was any organization that could quickly help Nigeria out of the current recession, it should be the NNPC.

He said he believed that organizations like the NNPC should be reformed, and not sold.

“I don’t understand this talk of selling our national assets. What I do understand is reforms. I believe organizations like the NNPC should be reformed. Selling of national assets is wrong. But reform is what I think it should be so that we can run the business the way it should be run,” a statement from the NNPC quoted the former president as saying.

Dr. Baru in his response commended the “positive influence” of Chief Obasanjo, especially in his discussions with President Muhammadu Buhari on national issues.

He said the NNPC was working hard to flood the market with kerosene so that prices would collapse, especially in the South-east.

“We’ll continue to work hard towards realizing your lofty dream of seeing the NNPC grow into a transformed national oil company without any interference,” Baru said.

  • Daily Trust
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