Honourable Minister of State for Petroleum, Dr. Ibe Kachikwu, has called for a meeting with all stakeholders affected by his recent move to restructure the Nigerian National
Petroleum Corporation, NNPC, noting that the move doesn’t signify anything new in the state-owned oil giant.
The minister also rejected media reports that he has unbundled the company as a misrepresentation of his action which he said he carried out with full backing of President Muhammadu Buhari.
Speaking with State House correspondents in Abuja Wednesday afternoon shortly after the conclusion of Federal Executive Council meeting, Kachikwu, who also doubles as the Group Managing Director of NNPC, said he the group has only been reorganised into five business-focused entities.
“I have tried to explain this and I am sure the NNPC workers are members of the family, they will understand. We are going to have a meeting, and they will be made to understand. Perhaps the engagement has not been good enough.”
“What we have simply done is reorganisation. We have five business entities focused on business: Upstream, Downstream, Refineries, Gas and Power that are there before.”
Dr. Kachikwu has come under intense criticism from the general public since he announced his intention to restructure the NNPC, prompting the corporation’s workers to down tools as debates intensify about the legality of the action.