NNPC Got Seven Units
President Buhari Has Done The "Impossible." Buhari has unbundled the NNPC into 7 operating units. They're the Upstream unit; Downstream unit; Refinery unit; Gas/Power unit; Ventures; Finance & Accounting; and Executive Head, Corporate Planning and Services.
Bello Rabiu is CEO of Upstream Company; Henry Ikem-Onih for Downstream; Anibor Kragha for Refineries; Saidu Mohammed for Gas and Power Plant; Babatunde Adeniran for Ventures; Isiaka Abdulrasaq for Finance & Accounting; and Isa Inuwa for Executive Head, Corporate Planning and Services. All appointments take immediate effect.
Ibeh Kachikwu said there would be no job loss as a result of the unbundling. Meanwhile, oil workers under the aegis of Pengassan and Nupeng said they were not consulted before the decision to unbundle NNPC was taken, hence it is unacceptable to them. They have therefore embarked on an industrial action that is bound to hamper power and fuel supply across the country.
In a related development, the Senate has begun the process of probing the decision to unbundle the 39yr old NNPC. They said the decision is illegal as the government did not consult with the National Assembly to repeal the laws that set up the organizations.
Some lawyers, however, disagree, saying that what has happened is merely a structural reorganisation of the company, that the company still exist and also does the enabling laws that set it up.
What I see in this issue is that President Buhari has by this action carried out a massive on slaught on the cabal that use to hold down our oil sector and they're trying to fight back by activating their structure in the unions and National Assembly. When you look at the fact that the oil workers will not lose money, won't lose jobs, but will only lose corruption then you begin to understand their argument against the restructuring. Everybody is now talking about consultation as if what the president has done is wrong for the country.
The moment you try to consult them then they sense weakness and try to use it against you. But thank God we have Buhari, he serves them right. Their argument is weak and there is nothing they can do. The sufferings on Nigerians would be temporal, but the people need to stand with Buhari because he's stepped on some very powerful toes to do this for the poor people of Nigeria. No other president had the balls to make this type of moves.
IBB University, Lapai-Niger State.