The direction and programmes of the incoming administration of Major General Muhammadu Buhari (rtd) appears to be emerging with the guide being offered in the form of start-up reform marshal plan by a former British Prime Minister, Mr Tony Blair, who urged him to carry out a complete overhaul of the Nigerian National Petroleum Corporation (NNPC) and solve the problematic petroleum subsidy regime within the first 100 days of assuming office. The recommendation is in synch with the call by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) for the incoming Buhari administration to declare a state of emergency in the oil sector given its myriad of problems. Blair’s policy pep-talk came just as the Vice-President-elect, Prof. Yemi Osinbajo, gave a frightening picture of the Apccountry’s economic situation, saying that Nigeria’s local and international debt burden has hit $60 billion, while the debt servicing bill for 2015 is N953.6 billion (about 21%) of our budget.

The ex-British prime minister, who was represented by Peter Benjamin Mandelson, a former Secretary of State for Trade and Industry, at a two-day All Progressives Congress (APC) Policy Dialogue holding in Abuja, yesterday advised that the government should as a matter of priority undertake the shake-up in the management of NNPC within the first 100 days of assumption of office. Blair said the new government should try to utilise the enormous goodwill it presently enjoys to take far-reaching economic decisions, including taking an intelligible stand on the controversial fuel subsidy policy. “You have more goodwill to do very difficult things at the beginning of your administration than later. You can crack the NNPC with the first 100 days,” he said. According to Blair, Nigeria has huge natural endowment of energy resources but could not effectively utilise such rich resources to economic advantage because of misplaced priorities.

“These issues are like this, for a country that has extraordinary resources of oil and have this amazing privilege of source of energy, yet power generation was not as good as it should. People having to wait for hours queuing to get fuel and end up buying it elsewhere. I think the resources voted for this subsidy can be better used for other things. “Where is it running away to? I think we need to recapture this oil resource and the revenues put to good use so that it can be invested for the long term good of the country, in infrastructure, human capital development, education system and skill acquisition that people need to work with in the future. “This is where the money should be going to. That is why before reorganisation and also the long reach of the law, there is the need to begin here pretty soon in order to make sure the system as whole works better for Nigeria. That is my view,” he said.

Read full story
http://monitor9ja.com/2015/05/re-organisation-of-nnpc-removal-of-oil-subsidy-job-creation-top-agenda-at-apc-policy-meeting/

Make dem try am first, all they know is OYEL OYEL OYEL

i hope all these aren't initial gra gra, the momentum of continuity is what that office need and i hop APC is capable...

Really? FTC in case.

Mehn! Those guys chanced me.

9niceguy:
Mehn! Those guys chanced me.

You came 3rd

Good for Nigeria's development..

9niceguy:
Mehn! Those guys chanced me.

I swear you no serious.. Instead of you to contribute to the thread, na space you wan book.. Oya start contributing now..

the same oil subsidy that GEJ tried to remove in full that oil cabals used Nigerians to fight against it. I just want to believe that the Buhari will let the masses benefit from it removal.

BossTtdiamonds:

I swear you no serious.. Instead of you to contribute to the thread, na space you wan book.. Oya start contributing now..

Hmmmmm. I pray something good will come out of all these promises.
We need action as soon as possible not the type of promises we have been hearing before now.
May God help our leaders.
May God bless Nigeria and Nigerians

Trut:


You came 3rd

I like 1st not 3rd