OEF Rapid Review Articles
“For the first time, we are unbundling the subset of the NNPC (Nigerian National Petroleum Corporation) to 30 independent companies with their own managing directors,” Emmanuel Ibe Kachikwu, also minister of state for petroleum who was appointed head of NNPC last year to overhaul the company, told a conference in Abuja.Nigerian President Muhammadu Buhari has made reforming the nation’s oil sector a priority as a slump in oil prices has hammered the economy, since crude exports account for around 95 percent of foreign earnings.
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Nigeria’s State Oil Firm to Be Split into 30 Companies – NNPC Head
LINK TO THE SOURCE ARTICLE:
Nigeria’s State Oil Firm to Be Split into 30 Companies – NNPC Head