President Muhammadu Buhari has approved the splitting of the Nigeria National Petroleum Corporation (NNPC) into 30 separate companies as part of wider plans to overhaul the NNPC’s operations, AFP reports.

Emmanuel Ibe Kachikwu told an energy conference in Abuja on Thursday that the move was designed to make the Nigerian National Petroleum Corporation (NNPC) more efficient.

“For the first time we are unbundling the subset of the NNPC to 30 independent companies with their own MDs,” said Mr Kachikwu, who is also group MD of the NNPC.

“Titles like ‘group executive directors’ are going to disappear and in their place you are going to have CEOs and they are going to take responsibilities for their titles.”

Reform of the NNPC began last year when President Muhammadu Buhari sacked the entire board and appointed Mr Kachikwu, an experienced oil executive formerly with ExxonMobil.

Read more: http://www.signalng.com/buhari-moves-split-nnpc-30-separate-companies/

Laughable.

He should have split it up to 36 different companies, one to be manned by someone of a different state .

Change has really come, at least there will be no marginalisation.