planned by Dangote Group is launched by
2020, it would improve the capacity of
domestic refining as the policy is aimed at
making the oil marketers invest in the
progressing industry.
The Minister further explained that the 17
subsidiaries of NNPC have been pointed out
and four more has been created. He also
stated that the administrative restructuring
would help in creating more jobs, proactive
efficiency and profitability of the sub
sections of the Corporation like the pipelines
and refineries, gas and power and many
others.
Dr. Ibe Kachikwu also stated that 70% of the
N350 billion loss suffered by the Corporation
was from Pipelines and Products Marketing
Company Limited (PPMC) and also said plans
are being made to adopt Public Private
Partnership (PPP) in order to improve the
viability of the NNPC subsidiaries which
includes the medical centres and shipping
company.
The Corporation was on the verge of
concluding arrangement with an American
company in order to maintain the NNPC
medical centres; according to him, the
negotiation with the World Largest Shipping
Company had gone far. The arrangement
was to drive the NNPC shipping company
forward which had been established over
the past eight years without owing a vessel
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