President Muhammadu Buhari on Tuesday at the Aso Rock Villa, Abuja told the President of the International Finance Corporation, Jin-Yong Cai that the reformation of the Nigeria National Petroleum Corporation has become inevitable owing to corruption and abuse of its present structure.
Buhari told the IFC boss that he would soon set up an inter ministerial committee to fast track the reorganization and reformation of the NNPC.
The Special Adviser to the President on Media and Publicity, Mr Femi Adeshina issued the following statement after the meeting.
“The President also cited Nigeria’s current need to maximise income from every source of revenue as a further imperative for reforming the NNPC.
“He said that his administration was doing everything possible to boost national revenue so that it can effectively implement its programme of change and significantly improve the living conditions of Nigerians."
Cai told Buhari that with proper reformation and re-organisation, NNPC could become Africa’s largest corporation .
“You have brought monumental changes since you got to power. You have brought in strong leadership and Nigeria has the opportunity under you to become highly reputable.
“In NNPC, you can create an entity that is dominant in Africa, and this is the right time to do it, with the momentum you have created,” he said.
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