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Nairaland Forum / Nairaland / General / Politics / Senate Backs Re-structuring Of Nnpc (762 Views)
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Senate Backs Re-structuring Of Nnpc by nwaniSOC: 7:47pm On Mar 10, 2016 |
NNPC: Senate backs Kachikwu says action won’t affect workers welfare March 10, 2016 Minister of State for Petroleum Resources, Dr. Ibe Kachikwu 2779 The Senate on Thursday handed down a clean bill of health to the Minister of State for Petroleum Resources, Ibe Kachikwu, over his ongoing restructuring of the Nigerian National Petroleum Corporation, saying his action did not contravene any known law. Kachikwu, appeared before the Senate Joint committees on Petroleum Resources ( Upstream, Downstream and Gas ) to explain the reason for the restructuring exercise. But Kachikwu before going into a closed session that lasted about one hour with the senators, explained that his action was in the best interest of the country but regretted not holding necessary consultations with the National Assembly before announcing the restructuring. He explained that the exercise was necessary in order to make the NNPC a real revenue generating organisation so that it would be able to offset the $5.2bn it is currently owing the major oil companies as well as reduce its current N30bn monthly losses as much as possible. He also said the restructuring of the subsidiaries under the NNPC was aimed at making them more effective and efficient but that they would still be under the agency being controlled by a single board. He said, “I must apologise that we didn’t take some of the senate leadership along the path of this restructuring but if you look at the draft of the Petroleum Industry Bill sent to us for our input, you will discover that the restructuring was within the suggestion we made. “Having said that, I must take responsibility for not carrying out the necessary consultation as we should have done.” A member of the committee, Senator Sola Adeyeye, said that the minister would have run foul of the law if he had stuck to the use of unbundling in the restructuring exercise because his action would have contravened Cap 23 (6) 1D of the Act that established the agency. He argued that although the minister, in his capacity as the Group Managing Director of the NNPC was given free hand to operate, it would be illegal of him to create autonomous firms separate from the agency. Briefing journalists after the closed session, Chairman, Senate Committee on Petroleum Resources (Upstream), Senator Donald Tayo Alasoadura, described the interactive session with the minster as highly rewarding and useful. He said Kachikwu had been able to convince members of the three committees which are mandated to carry out oversight functions on the petroleum sector, that his action was legal and one that would boost the sector, generate more revenue and ensure stable supply of the product. Alasoadura said, “We have a very useful discussion with the minister. He clarified the issue that he was not unbundling NNPC because it is an entity created by an Act of the National Assembly and nobody can touch it unless he comes back to the National Assembly for ammendments. Small manhood and premature ejaculation made me stay away from sex for four years... But these simple solutions WORKED! Click Here to see my breakthrough. My Husband Used This to Increase His Small Manhood Size and Performed Longer in Bed Last Night Click here to See The solution Are you a One Minute Man? Forget Viagra: Use this new method to increase your Manhood size and last 30 minutes. It is natural, safe with no side effect. Click here for FREE Details Tired of being a 3minute man in bed? See the Natural Solution that Helps You Increase Your Manhood Size and Last 35minutes during sex...Safe & No negative side effects. Click Here to Get Yours Now! http://www.punchng.com/nnpc-restructuring-senate-backs-kachikwu-says-action-wont-affect-workers-welfare/ |
Re: Senate Backs Re-structuring Of Nnpc by guru01(m): 9:02pm On Mar 10, 2016 |
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Re: Senate Backs Re-structuring Of Nnpc by yhemsy62(m): 10:09pm On Mar 10, 2016 |
Coming back to read |
Re: Senate Backs Re-structuring Of Nnpc by egalitarian78: 10:14pm On Mar 10, 2016 |
I love this Kachikwu for at least claiming responsibility for poor communication lapse rather than d obvious bulk passing of this govt. Thumb up man |
Re: Senate Backs Re-structuring Of Nnpc by greatiyk4u(m): 11:05pm On Mar 10, 2016 |
A step at a time.......soon Nigerians will start to reap from the fruit of the labour of this Government's strategic planning that is delaying dividends of change. |
Re: Senate Backs Re-structuring Of Nnpc by Jorussia(m): 11:11pm On Mar 10, 2016 |
Buhari has once again disappointed those who have been criticising this laudable step since yesterday. I must commend kachichukwu for rising to the occasion. I want to urge all Nigerians to keep faith in this govt,because surely we will get to the promise land. 1 Like |
Re: Senate Backs Re-structuring Of Nnpc by dearsly(m): 11:45pm On Mar 10, 2016 |
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