Alhaji Atiku Abubakar made a proclamation that he will privatize NNPC if elected President, and that sparked concerns and curiosities in the minds of some Nigerians, so I decided to write this article to explain the entire concept of NNPC privatization and its effects, so that people will have a better understanding of […]
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I have a story to tell. In the 1970s, three governments set up national oil companies to engage in exploration, production and refining. Nigeria created the Nigerian National Petroleum Corporation (NNPC), Norway set up Statoil, and Malaysia established Petronas. Today, Statoil — now renamed Equinor ASA — and Petronas are among the biggest state-owned oil […]
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Nigeria has been described as a kleptocracy of ethno-religious and political robber elites in a new book, Nigeria: What Everyone Needs to Know, written by a former United States Ambassador to Nigeria, John Campbell, and former US intelligence community expert on Nigeria, Matthew Page. The book released on July 2, extracts of which were […]
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Minister of State for Petroleum, Dr. Ibe Kachikwu, yesterday, said the much-awaited overhaul of the country’s refineries would become a reality next month, as plans have been concluded to complete necessary arrangement with financials. The minister, who reviewed efforts of the current administration in the oil and sector, noted that President Muhammadu Buhari and the […]
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Stakeholders in Niger Delta have urged President Muhammad Buhari not to sign the Petroleum Industry Governance Bill (PIGB) because its intent is the privatisation of the country’s oil and gas resources by vested interest. They also warned that if the bill is signed into law by the President, derivation accruable to oil-producing states will be […]
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Minister of State, Petroleum Resources, and Chairman of the Nigerian National Petroleum Corporation (NNPC) board, Dr. Ibe Kachikwu, has said the federal government has surmounted challenges in the Niger Delta region to reach full production capability of crude oil in the country. Kachikwu made this known while speaking at the Nigeria International Petroleum Summit […]
Continue ReadingThe Nigeria National Petroleum Corporation (NNPC) has confirmed the presence of adequate hydrocarbon in the Sokoto basin, urging governments of Sokoto, Kebbi, Zamfara and Katsina states to prepare to acquire oil blocks in the basin. Speaking at the regional technology knowledge sharing workshop on hydrocarbon potentials of the Sokoto basin, NNPC Group Managing Director, Dr. […]
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The Minister of State for Petroleum, Dr. Ibe Kachikwu has written President Muhammadu Buhari over alleged acts of illegalities and insubordination by the Group Managing Director of the NNPC, Dr. Maikanti Baru. Kachikwu urged Buhari to be proactive enough in order to salvage the sensitive petroleum sector. The letter reads in part: “Parastatals in the […]
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Ijaw Leader, Chief Edwin Clark has declared that restructuring of Nigeria is a must for economic growth and development. Clark, a former national commissioner who addressed the press in Abuja on Wednesday on the perceived lopsidedness in the federal government owned oil companies, said the country cannot continue as it is now. He said a situation where […]
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“There really can be no peace without justice. There can be no justice without truth.” —Louis Farrakhan President Buhari’s 97/5 per cent policy was grossly implemented recently at the NNPC Tower, Abuja. In the nepotism-driven shakeup; Fulani oligarchy had their way. Shaibu Musa was appointed MD of the NNPC Medical Services, Ibrahim Birma was […]
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