Ibe Kachikwu, the Minister of State for Petroleum Resources has pledged to support the new Group Managing Director of the Nigerian National Petroleum Corporation, Maikanti Baru, in moving the corporation to greater heights.
Kachikwu gave the pledge while he handed over the affairs of the corporation to the new GMD on Friday.
President Muhammadu Buhari on Monday appointed Baru as the new GMD of the NNPC.
“I want you to know that this is a great task; be focused and see it as a service to the nation, work hard to leave a great legacy.
“It is not how long you stay that matters but how well, look for legacy issues and work on it, I will give you every support that will help you to supersede what I have achieved,’’ Kachikwu said.
He said that the corporation had undergone series of restructuring that should be sustained to enable it move to the next level.
Kachikwu said that NNPC had achieved a lot in the past 11 months.
He said that during the period, the corporation cut its operational cost by 30 per cent and partially deregulate the downstream sector.
According to him, the corporation has commercialised its business.
“We need to find structure in which private fund will be used to help our refineries to work at 90 per cent capacity.
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