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| Dr. Emmanuel Ibe Kachikwu, GMD, NNPC |
He assured Nigerians that
to drive the new operations model would place the corporation on a performance
platform that would guarantee commercial viability, adding that all the local
refineries would start working by the end of the year to displace massive fuel
imports, cut huge import bills, reduce pressure on the nation’s lean foreign
exchange revenue and create multiplier effects in the domestic economy.
Dr. Kachikwu restated his
confidence and trust in the technical workforce of the refinery, saying that
over 80 percent of the nation’s technical skills pool for operations of the
NNPC are competent and pointed at the achievements of the Port Harcourt
Refining Company (PHRC) at rehabilitating its plants as part of the potentials
available in the industry.
Giving detailed explanation
of a reform package that would soon be activated to re-inject vibrancy in the
entire petroleum industry, he pointed at plans to enhance efficiency and
transparency in the sector, as well as restructure the national oil firm to be
competitive across the full value chain of the industry.
The NNPC boss also promised
to build local capacity across the entire business units of the corporation to
enable it live up to the roles as domestic industry leader, government’s
revenue earner, custodian of national petroleum assets and lead domestic fuel
market supplier.
According to him, all the
programme targets would only be a dream unless operations of all the business
arms of the corporation are profitable.
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