New NNPC GMD Presents PIB to Jonathan

New NNPC GMD Presents PIB to Jonathan

Abuja -The newly appointed Group Managing Director (GMD) of NNPC, Engr Andrew Yakubu, said on Friday in Abuja that the new management team would reposition the corporation for better service delivery.

Yakubu spoke to State House Correspondents shortly after the presentation of the new Petroleum Industry Bill (PIB) to President Goodluck Jonathan at the Presidential Villa.

The News Agency of Nigeria (NAN) reports the Minister of Petroleum, Mrs Diezani Allison-Madueke, led a team of ministers and experts in the petroleum industry, including Yakubu, to submit the bill.

The GMD said NNPC as the mainstay of Nigeria’s economy should be repositioned to live to its statutory functions and to win back the trust of Nigerians.

The GMD said he would not only be transparent, he would carry all stakeholders as well as the Nigerian public along in his effort to achieve set objectives.

“We will work very hard to work with the Nigerian public, all the stakeholders to be as transparent as possible and we will work towards changing their perception.

“NNPC staff is dedicated to service; they are professional; there are areas of improvement that we can bring to bear.

“You will agree with me that in recent past, we have had quite a lot of challenges; and a lot of eyes have been on us on the way we do our business.

“Those criticisms have been taken on board, and my new management will plough them back into the system; we will review our processes and we will reposition NNPC for growth.’’

Yakubu described the new PIB as a welcome development as it would grow the country’s asset base and expertise.

He said that NNPC would make its input into all the elements of the bill and ensure its smooth passage into law.

On June 26, Jonathan dropped the former GMD, Mr Austin Oniwon and the corporation’s group executive directors.

Yakubu, a 1979 Chemical Engineering graduate from the Ahmadu Bello University, Zaria, and an indigene of Kaduna State, was named as Oniwon’s replacement.

The new GMD joined the corporation in 1980 and held positions of Managing Director, Warri Refining and Petrochemicals Company, as well as the Group Executive Director, GED (Exploration and Production).

Jonathan also replaced the six GEDs of the corporation and replaced the Managing Director of the Nigerian Petroleum Development Company (NPDC).

The President had said the decision was to further strengthen the reforms and transformation of Nigeria’s petroleum sector, and in furtherance of efforts to achieve greater transparency and accountability in government.


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