Saturday, July 9, 2016

NNPC GMD: Ibe Kachikwu Formally Steps Down


The minister of State for Petroleum Resources, Mr. Ibe Kachikwu, Friday, formally stepped down as the Group Managing Director, GMD of the Nigerian National Petroleum Corporation, NNPC, with the handing over to the new helmsman, Mr. Maikanti Baru. I wandered if this is what Dele Momodu wrote about the quality of appointments being seen lately in Buhari's government, describing it as "appallingly lacklustre'. 


Speaking during the handover in Abuja, Kachikwu promised to partner and support the new GMD, in undertaking a holistic reform of the NNPC and the Nigerian petroleum industry and also in bridging the infrastructure deficit in the industry.

Kachikwu said over the last 11 months when he held sway at the NNPC, a number of milestones were attained, while he expressed optimism that the new GMD would surpass his achievements and take the corporation to new heights.

Some of the achievements, according to Kachikwu, included the restructuring of the NNPC, the deregulation of the downstream sector of the petroleum industry, revamping of the countries refineries and bringing the NNPC to profitability among others.


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