| Re: World Bank Gives Kachikwu Thumbs Up On NNPC Reforms by 989900B: 6:32am On Apr 28, 2016 |
Kachikwu is working. |
| Re: World Bank Gives Kachikwu Thumbs Up On NNPC Reforms by AnanseK(m): 6:32am On Apr 28, 2016 |
World Bank competing with China. |
| Re: World Bank Gives Kachikwu Thumbs Up On NNPC Reforms by ipreach: 6:33am On Apr 28, 2016 |
where is the reform? |
| Re: World Bank Gives Kachikwu Thumbs Up On NNPC Reforms by 989900B: 6:37am On Apr 28, 2016 |
ipreach:
where is the reform? Pipelines, refineries, depots are getting back on stream.
NNPC is almost back to making profit from record losses in the past few years.
Better accountability.
Patience is a virtue. 2 Likes |
| Re: World Bank Gives Kachikwu Thumbs Up On NNPC Reforms by menxer: 6:41am On Apr 28, 2016 |
Hate and frustration, for failing to make it to the 60 year rule time line, would not allow some of us to see that we are making progress.
A man who was sick and bedridden for years can't just start jogging and weight lifting the day after he was discharged from hospital.
Recovery is a process that needs time, and we equally need time to recover our sense of duty, honesty, patriotism and progress in line with international best practices. 1 Like |
| Re: World Bank Gives Kachikwu Thumbs Up On NNPC Reforms by treebuds: 6:50am On Apr 28, 2016 |
simtosul:
The World Bank wednesday said it was impressed
with the reforms initiated by the Minister of State
for Petroleum Resources and Group Managing
Director of the Nigerian National Petroleum
Corporation (NNPC), Dr. Ibe Kachikwu, at the state-
run oil company in order to reposition it into a
profit yielding entity.
The bank also commended Kachikwu for bringing
transparency and accountability to NNPC and
Nigeria’s oil and gas sector.
A statement from the Group General Manager,
Public Affairs of NNPC, Mallam Garuba Deen
Muhammad, in Abuja contained this development.
According to the statement Managing Director of
the bank, Sir Mulyani Indrawati, said this when she
paid an official visit to Kachikwu in his office in
Abuja.
According to Indrawati, the ‘20 fixes’ introduced by
Kachikwu to the NNPC business models have gone
a long way to reform the corporation for
profitability.
She said the bank was ready and available to offer
the ministry of petroleum resources technical
support, advice and funding.
She stressed that adoption of sound policy thrusts
was key in the areas of fiscal direction, gas flare
out and gas to power for Nigeria.
The statement also quoted Kachikwu to have said
that since he assumed duty in August 2015, he had
introduced lots of reforms ranging from the first
phase of restructuring and the recent restructuring
which served as enablers for the introduction of new
business models that have drastically reduced the
losses recorded by the NNPC in the past.
“We first started with the softer issues which were
transparency issues, governance, restructuring and
that was going well when we went straight into the
business model.
“For example, when we came in, the NNPC was
recording huge losses and we have been able to
reverse that trend and if we continue with that sort
of trajectory then we should be able to record profit
in the near future,” said Kachikwu.
He added that a lot of institutional framework
restructuring are still ongoing in all the parastatals
under his watch.
According to him: “Infrastructure is the toughest
gap as a lot of depots and pipelines need urgent
attention and you need infrastructure, be it in the
upstream and downstream sector, for you to deliver
results but we will continue to throw solutions at
them and try to get private sector participation.”
He said: “The other tough gap is the funding. Just
sheer funding of the upstream joint venture cash
calls demands a lot of money and we are not
pretending about it. Again, the President has
travelled from point to point and a lot of people
have offered to support.”
Kachikwu urged the World Bank to offer support in
the area of institutional framework and training for
the ministry and NNPC, adding that the training
would provide the necessary skill sets that are
required to grow Nigeria’s oil and gas industry.
NNPC through the “20-fixes” which are however
embedded in five cardinal business objectives that
it intends to pursue, plans to amongst other
initiatives, attain zero tolerance for corruption,
restructure its major subsidiaries as well as
enhance probity in its operations across board.
Also to be done within the initiative are, reduction
and audit of running costs; restructuring of
corporate centres and staff; renegotiation of existing
contracts including Production Sharing Contracts
(PSC); streamlining of subsidy management as well
as improve security of the country’s critical
petroleum pipelines.
The corporation will also restructure its refining
business; improve on its use of information
technology for its businesses and demand for
topnotch service performance from all its staff in
the ‘20 fixes’
www.thisdaylive.com/index.php/2016/04/28/world-bank-gives-kachikwu-thumbs-up-on-nnpc-reforms/ I expected cheap and steady supply not scarce and costly petroleum products. I don't want to agree that any of them is being sabotaged because it will be same excuse for all the failures we have experienced. The difference between GEJ time is clear. This Regine is yet to deliver the change from what they called worst. I am running out of patient and I am beginning to doubt your type of change is from worst to good. |
| Re: World Bank Gives Kachikwu Thumbs Up On NNPC Reforms by treebuds: 6:52am On Apr 28, 2016 |
989900B:
Pipelines, refineries, depots are getting back on stream.
NNPC is almost back to making profit from record losses in the past few years.
Better accountability.
Patience is a virtue. You know the language, It is called (learning process. ) it will be better if the regime is moving from what we have before to a little better. No one want to be sick forever. And you will never be a good doctor if you administer painful drugs to someone suffering sever pains |
| Re: World Bank Gives Kachikwu Thumbs Up On NNPC Reforms by treebuds: 6:55am On Apr 28, 2016 |
simtosul:
The World Bank wednesday said it was impressed
with the reforms initiated by the Minister of State
for Petroleum Resources and Group Managing
Director of the Nigerian National Petroleum
Corporation (NNPC), Dr. Ibe Kachikwu, at the state-
run oil company in order to reposition it into a
profit yielding entity.
The bank also commended Kachikwu for bringing
transparency and accountability to NNPC and
Nigeria’s oil and gas sector.
A statement from the Group General Manager,
Public Affairs of NNPC, Mallam Garuba Deen
Muhammad, in Abuja contained this development.
According to the statement Managing Director of
the bank, Sir Mulyani Indrawati, said this when she
paid an official visit to Kachikwu in his office in
Abuja.
According to Indrawati, the ‘20 fixes’ introduced by
Kachikwu to the NNPC business models have gone
a long way to reform the corporation for
profitability.
She said the bank was ready and available to offer
the ministry of petroleum resources technical
support, advice and funding.
She stressed that adoption of sound policy thrusts
was key in the areas of fiscal direction, gas flare
out and gas to power for Nigeria.
The statement also quoted Kachikwu to have said
that since he assumed duty in August 2015, he had
introduced lots of reforms ranging from the first
phase of restructuring and the recent restructuring
which served as enablers for the introduction of new
business models that have drastically reduced the
losses recorded by the NNPC in the past.
“We first started with the softer issues which were
transparency issues, governance, restructuring and
that was going well when we went straight into the
business model.
“For example, when we came in, the NNPC was
recording huge losses and we have been able to
reverse that trend and if we continue with that sort
of trajectory then we should be able to record profit
in the near future,” said Kachikwu.
He added that a lot of institutional framework
restructuring are still ongoing in all the parastatals
under his watch.
According to him: “Infrastructure is the toughest
gap as a lot of depots and pipelines need urgent
attention and you need infrastructure, be it in the
upstream and downstream sector, for you to deliver
results but we will continue to throw solutions at
them and try to get private sector participation.”
He said: “The other tough gap is the funding. Just
sheer funding of the upstream joint venture cash
calls demands a lot of money and we are not
pretending about it. Again, the President has
travelled from point to point and a lot of people
have offered to support.”
Kachikwu urged the World Bank to offer support in
the area of institutional framework and training for
the ministry and NNPC, adding that the training
would provide the necessary skill sets that are
required to grow Nigeria’s oil and gas industry.
NNPC through the “20-fixes” which are however
embedded in five cardinal business objectives that
it intends to pursue, plans to amongst other
initiatives, attain zero tolerance for corruption,
restructure its major subsidiaries as well as
enhance probity in its operations across board.
Also to be done within the initiative are, reduction
and audit of running costs; restructuring of
corporate centres and staff; renegotiation of existing
contracts including Production Sharing Contracts
(PSC); streamlining of subsidy management as well
as improve security of the country’s critical
petroleum pipelines.
The corporation will also restructure its refining
business; improve on its use of information
technology for its businesses and demand for
topnotch service performance from all its staff in
the ‘20 fixes’
www.thisdaylive.com/index.php/2016/04/28/world-bank-gives-kachikwu-thumbs-up-on-nnpc-reforms/ I expected cheap and steady supply not scarce and costly petroleum products. I don't want to agree that any of them is being sabotaged because it will be same excuse for all the failures we have experienced. The difference between GEJ time is clear. This Regime is yet to deliver the change from what they called worst. I am running out of patient and I am beginning to doubt your type of change is from worst to good. |
| Re: World Bank Gives Kachikwu Thumbs Up On NNPC Reforms by blackpanda: 6:55am On Apr 28, 2016 |
Firefire:
Chai...
What is more than corruption and impunity to officially fix pump price of petrol at N86.5/L and it sells for as much as N400/L across the country. Height of corruption and insensitivity by the clueless government. - SMH  Common sense tells u that when things are scarce its bound to be more expensive. But obviously the scarcity wont last forever, so quit the noisemaking. Btw I bought fuel yday @ nnpc @N86 in less than 1hr! |
| Re: World Bank Gives Kachikwu Thumbs Up On NNPC Reforms by Ebukaokeke5: 6:57am On Apr 28, 2016 |
If this is gonna see Nigerians buy PMS at an official pump price of N86.50k,den I wish u success.Otherwise,please resign or risk being sackd sir. |
| Re: World Bank Gives Kachikwu Thumbs Up On NNPC Reforms by Wesely01(m): 7:01am On Apr 28, 2016 |
simtosul:
The World Bank wednesday said it was impressed
with the reforms initiated by the Minister of State
for Petroleum Resources and Group Managing
Director of the Nigerian National Petroleum
Corporation (NNPC), Dr. Ibe Kachikwu, at the state-
run oil company in order to reposition it into a
profit yielding entity.
The bank also commended Kachikwu for bringing
transparency and accountability to NNPC and
Nigeria’s oil and gas sector.
A statement from the Group General Manager,
Public Affairs of NNPC, Mallam Garuba Deen
Muhammad, in Abuja contained this development.
According to the statement Managing Director of
the bank, Sir Mulyani Indrawati, said this when she
paid an official visit to Kachikwu in his office in
Abuja.
According to Indrawati, the ‘20 fixes’ introduced by
Kachikwu to the NNPC business models have gone
a long way to reform the corporation for
profitability.
She said the bank was ready and available to offer
the ministry of petroleum resources technical
support, advice and funding.
She stressed that adoption of sound policy thrusts
was key in the areas of fiscal direction, gas flare
out and gas to power for Nigeria.
The statement also quoted Kachikwu to have said
that since he assumed duty in August 2015, he had
introduced lots of reforms ranging from the first
phase of restructuring and the recent restructuring
which served as enablers for the introduction of new
business models that have drastically reduced the
losses recorded by the NNPC in the past.
“We first started with the softer issues which were
transparency issues, governance, restructuring and
that was going well when we went straight into the
business model.
“For example, when we came in, the NNPC was
recording huge losses and we have been able to
reverse that trend and if we continue with that sort
of trajectory then we should be able to record profit
in the near future,” said Kachikwu.
He added that a lot of institutional framework
restructuring are still ongoing in all the parastatals
under his watch.
According to him: “Infrastructure is the toughest
gap as a lot of depots and pipelines need urgent
attention and you need infrastructure, be it in the
upstream and downstream sector, for you to deliver
results but we will continue to throw solutions at
them and try to get private sector participation.”
He said: “The other tough gap is the funding. Just
sheer funding of the upstream joint venture cash
calls demands a lot of money and we are not
pretending about it. Again, the President has
travelled from point to point and a lot of people
have offered to support.”
Kachikwu urged the World Bank to offer support in
the area of institutional framework and training for
the ministry and NNPC, adding that the training
would provide the necessary skill sets that are
required to grow Nigeria’s oil and gas industry.
NNPC through the “20-fixes” which are however
embedded in five cardinal business objectives that
it intends to pursue, plans to amongst other
initiatives, attain zero tolerance for corruption,
restructure its major subsidiaries as well as
enhance probity in its operations across board.
Also to be done within the initiative are, reduction
and audit of running costs; restructuring of
corporate centres and staff; renegotiation of existing
contracts including Production Sharing Contracts
(PSC); streamlining of subsidy management as well
as improve security of the country’s critical
petroleum pipelines.
The corporation will also restructure its refining
business; improve on its use of information
technology for its businesses and demand for
topnotch service performance from all its staff in
the ‘20 fixes’
www.thisdaylive.com/index.php/2016/04/28/world-bank-gives-kachikwu-thumbs-up-on-nnpc-reforms/ Thumbs up for what ? Suffering Nigerians for the past 4 months or what ? |
| Re: World Bank Gives Kachikwu Thumbs Up On NNPC Reforms by Ratello: 7:02am On Apr 28, 2016 |
Caseless:
O ye shidren of hate, kachikwu is getting commendation from those that once said we can't do it.
What sayeth thou? Allahu Akbar |
| Re: World Bank Gives Kachikwu Thumbs Up On NNPC Reforms by allexy2: 7:11am On Apr 28, 2016 |
The world bank and IMF are a fraud.they serve the intrest of western countries by putting third world countries into debt.
As you can see they are praising this so for nothing minister of petroleum, nigerian need to watch out for him because when u see a white man praise a black man, it is a sign that the black man is serving the intrest of whitean 
|
| Re: World Bank Gives Kachikwu Thumbs Up On NNPC Reforms by greatiyk4u(m): 7:28am On Apr 28, 2016 |
SamuelAnyawu:
Reforms without sufficient fuel for the masses?
Good morning Nairalanders, Have you blamed GEJ today?  Lolz, have you condemned Rochas 2day? |
| Re: World Bank Gives Kachikwu Thumbs Up On NNPC Reforms by adconline(m): 7:30am On Apr 28, 2016 |
Same sycophants and hero-worshippers would blame IMF if it ranks Naija economy low.. Delusional and sophisticated idiocy! |
| Re: World Bank Gives Kachikwu Thumbs Up On NNPC Reforms by Kessyy2k4(m): 7:54am On Apr 28, 2016 |
lets also appreciate Buhari, the minister of Petroleum. |
| Re: World Bank Gives Kachikwu Thumbs Up On NNPC Reforms by hadura29(m): 8:20am On Apr 28, 2016 |
prospero5:
''...the bank is ready to offer the ministry of petroleum resources technical support, advice and funding...'' we are technically waiting to buy 1 litre of fuel for N65. my brother those people are just looking for ways to borrow us money . May God help us in this country. Good morning.. God bless Nigeria.. |
| Re: World Bank Gives Kachikwu Thumbs Up On NNPC Reforms by prodigy97(m): 8:41am On Apr 28, 2016 |
Nigeria should be wary of world bank and other international organization, that was how they deceived gej saying all was well when in reality all was not. They have started deceiving buhari again or which reform are they talking about when we are buying fuel for 150 |
| Re: World Bank Gives Kachikwu Thumbs Up On NNPC Reforms by adconline(m): 8:56am On Apr 28, 2016 |
hadura29:
my brother those people are just looking for ways to borrow us money . May God help us in this country. Good morning..
God bless Nigeria.. Stop being willfully ignorant! GMB and co first asked IMF for a loan.. IMF is a bank and doesn't go around begging people to come and take loan. How many times does ur bank beg u to come and take loan?? |
| Re: World Bank Gives Kachikwu Thumbs Up On NNPC Reforms by Electroweb(m): 9:10am On Apr 28, 2016 |
simtosul:
The World Bank wednesday said it was impressed
with the reforms initiated by the Minister of State
for Petroleum Resources and Group Managing
Director of the Nigerian National Petroleum
Corporation (NNPC), Dr. Ibe Kachikwu, at the state-
run oil company in order to reposition it into a
profit yielding entity.
The bank also commended Kachikwu for bringing
transparency and accountability to NNPC and
Nigeria’s oil and gas sector.
A statement from the Group General Manager,
Public Affairs of NNPC, Mallam Garuba Deen
Muhammad, in Abuja contained this development.
According to the statement Managing Director of
the bank, Sir Mulyani Indrawati, said this when she
paid an official visit to Kachikwu in his office in
Abuja.
According to Indrawati, the ‘20 fixes’ introduced by
Kachikwu to the NNPC business models have gone
a long way to reform the corporation for
profitability.
She said the bank was ready and available to offer
the ministry of petroleum resources technical
support, advice and funding.
She stressed that adoption of sound policy thrusts
was key in the areas of fiscal direction, gas flare
out and gas to power for Nigeria.
The statement also quoted Kachikwu to have said
that since he assumed duty in August 2015, he had
introduced lots of reforms ranging from the first
phase of restructuring and the recent restructuring
which served as enablers for the introduction of new
business models that have drastically reduced the
losses recorded by the NNPC in the past.
“We first started with the softer issues which were
transparency issues, governance, restructuring and
that was going well when we went straight into the
business model.
“For example, when we came in, the NNPC was
recording huge losses and we have been able to
reverse that trend and if we continue with that sort
of trajectory then we should be able to record profit
in the near future,” said Kachikwu.
He added that a lot of institutional framework
restructuring are still ongoing in all the parastatals
under his watch.
According to him: “Infrastructure is the toughest
gap as a lot of depots and pipelines need urgent
attention and you need infrastructure, be it in the
upstream and downstream sector, for you to deliver
results but we will continue to throw solutions at
them and try to get private sector participation.”
He said: “The other tough gap is the funding. Just
sheer funding of the upstream joint venture cash
calls demands a lot of money and we are not
pretending about it. Again, the President has
travelled from point to point and a lot of people
have offered to support.”
Kachikwu urged the World Bank to offer support in
the area of institutional framework and training for
the ministry and NNPC, adding that the training
would provide the necessary skill sets that are
required to grow Nigeria’s oil and gas industry.
NNPC through the “20-fixes” which are however
embedded in five cardinal business objectives that
it intends to pursue, plans to amongst other
initiatives, attain zero tolerance for corruption,
restructure its major subsidiaries as well as
enhance probity in its operations across board.
Also to be done within the initiative are, reduction
and audit of running costs; restructuring of
corporate centres and staff; renegotiation of existing
contracts including Production Sharing Contracts
(PSC); streamlining of subsidy management as well
as improve security of the country’s critical
petroleum pipelines.
The corporation will also restructure its refining
business; improve on its use of information
technology for its businesses and demand for
topnotch service performance from all its staff in
the ‘20 fixes’
www.thisdaylive.com/index.php/2016/04/28/world-bank-gives-kachikwu-thumbs-up-on-nnpc-reforms/ I sense poaching. |
| Re: World Bank Gives Kachikwu Thumbs Up On NNPC Reforms by hmuhammad(m): 9:36am On Apr 28, 2016 |
989900B:
Pipelines, refineries, depots are getting back on stream.
NNPC is almost back to making profit from record losses in the past few years.
Better accountability.
Patience is a virtue. one barrel of palmwine for this 1 Like |
| Re: World Bank Gives Kachikwu Thumbs Up On NNPC Reforms by musicwriter(m): 10:32am On Apr 28, 2016 |
the bank is ready to offer the ministry of petroleum resources technical support, advice and funding Here is the world bank lobbying the NNPC to accept loan, even before we ask for it. African nations and third world countries should get smarter, cause we have fed the west fat for too long via the world bank. Avoid the IMF and world bank for your long term good. It's a neo-colonial instrument to control the economies of third world countries, and it's deliberately meant to keep third world countries dependent on more and more loan. African nations, please look inward!!. Look for other alternatives. We can do without the IMF and world bank. |
| Re: World Bank Gives Kachikwu Thumbs Up On NNPC Reforms by adconline(m): 10:55am On Apr 28, 2016 |
musicwriter:
Here is the world bank lobbying the NNPC to accept loan, even before we ask for it.
African nations and third world countries should get smarter, cause we have fed the west fat for too long via the world bank. Avoid the IMF and world bank for your long term good. It's a neo-colonial instrument to control the economies of third world countries, and it's deliberately meant to keep third world countries dependent on more and more loan.
African nations, please look inward!!. Look for other alternatives. We can do without the IMF and world bank.
Stop being willfully ignorant! GMB and co first asked IMF for a loan.. IMF is a bank and doesn't go around begging people to come and take loan. How many times does ur bank beg u to come and take loan?? Nobody forced African rulers to take IMF loans and then stashed those funds in offshore accounts |
| Re: World Bank Gives Kachikwu Thumbs Up On NNPC Reforms by musicwriter(m): 11:05am On Apr 28, 2016 |
adconline:
Stop being willfully ignorant! GMB and co first asked IMF for a loan.. IMF is a bank and doesn't go around begging people to come and take loan.
How many times does ur bank beg u to come and take loan??
Nobody forced African rulers to take IMF loans and then stashed those funds in offshore accounts I wish you've kept a reasonable sum of money in a bank, then you've known how banks function. |
| Re: World Bank Gives Kachikwu Thumbs Up On NNPC Reforms by musicwriter(m): 11:12am On Apr 28, 2016 |
allexy2:
The world bank and IMF are a fraud.they serve the intrest of western countries by putting third world countries into debt.
As you can see they are praising this so for nothing minister of petroleum, nigerian need to watch out for him because when u see a white man praise a black man, it is a sign that the black man is serving the intrest of whitean That has been one of the strategy they use. It's not about Kachikwu doing well or not. It's about lobbying him for loan, cause they know the NNPC is in dire need of money to upgrade the refineries. They don't want him to look for loan elsewhere- China. And this Malcolm X's quote summarized it. www.nairaland.com/attachments/3650646_fbimg1461391840246_jpeg7868fd51a0dcd219ebc3614ea746412e 1 Like |
| Re: World Bank Gives Kachikwu Thumbs Up On NNPC Reforms by Nobody: 11:57am On Apr 28, 2016 |
ipob be like its propaganda.
to me am not happy with the fuel crisis, but I believe this man is trying and things will get better. at least all 3 refineries started working this month, even if they are not working to full capacity. something dat my uncle jona did not do. 1 Like |
| Re: World Bank Gives Kachikwu Thumbs Up On NNPC Reforms by Jesusloveyou: 1:27pm On Apr 28, 2016 |
SamuelAnyawu:
Reforms without sufficient fuel for the masses?
Good morning Nairalanders, Have you blamed GEJ today? always force urself to comment, next time, if u dont know what to write, just be on the sideline. u want the reform of today to give u result today |
|
| Re: World Bank Gives Kachikwu Thumbs Up On NNPC Reforms by adconline(m): 3:13pm On Apr 28, 2016 |
musicwriter:
I wish you've kept a reasonable sum of money in a bank, then you've known how banks function. What a silly comparison! Naija is broke as hell and no banks want to lend to Naija. And most importantly, it doesnt have the capacity to pay back because it's borrowing to fund lavish lifestyle of GMB, NASS and politrickians instead of borrowing to invest in infrastructure. |
| Re: World Bank Gives Kachikwu Thumbs Up On NNPC Reforms by Omonigeriarere: 5:24pm On Apr 28, 2016 |
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