Worried by the bad image which
its loss of credibility has conferred on the corporation, Dr Emmanuel Kachikwu,
the Group Managing Director (GMD), Nigerian National Petroleum Corporation
(NNPC), on Friday said that the corporation would urgently embark on a
transparency operation to regain its lost credibility.
In his first interactive
session with journalists in Lagos since his appointment as GMD, Kachikwu said
the transparency operation would start with an audit of the corporation’s
finances, which was last audited in 2010.
He said the corporation’s
finance would not only be audited and brought up to date, but would also be
made available to the general public.
The NNPC GMD said the
transparency operation would also involve posting of the corporation’s
activities on its website regularly.
He added that along with
the regular data, there would also be a weekly broadcast of issues concerning
the corporation on its website from now henceforth.
``Contracts will be made
open to the public and we will choose the best module that works for us and
that helps us save money.
``We need to clean the
system and carry everybody along. The concept of what is right and wrong will
take us very far,’’ Kachikwu stressed.
According to him, though,
there are huge challenges in driving the corporation forward but they will be
surmounted with good planning and efficiency.
The NNPC GMD said the
challenge of cleaning NNPC would be a bumpy, exciting ride, which would
eventually yield positive results
.
Commenting on the state of the nation’s refineries, he said they were currently working at 30 percent capacity, which was unprofitable.
.
Commenting on the state of the nation’s refineries, he said they were currently working at 30 percent capacity, which was unprofitable.
Kachikwu noted that for
the refineries to be profitable, they needed to attain a minimum of 60 percent
operation capacity.
``Personally, I will have
chosen to sell the refineries, but President Buhari has instructed that they
should be fixed.
``After they are fixed,
if they still operate below 60 per cent, then we will know what to do.
``The 90-day ultimatum
for the refineries to be fixed will end in December and Port Harcourt Refinery
looks like the only one that will meet the deadline, but we will wait and see
what happens at the end of the 90 days,’’ he said. (NAN)
No comments:
Post a Comment