Governors of the 36 states have raised issues over the ownership of the new Nigerian National Petroleum Company Limited (NNPCL), its assets and liabilities.
This came to the fore after a presentation by the Group Chief Executive Officer of the NNPCL, Mele Kyari, in which he shared updates on crude oil production, PMS supply situation and security intervention against oil theft.
The presentation was made at a meeting of the National Economic Council (NEC).
Consequently, the Chairman of the council, Vice President Yemi Osinbajo, directed that a sub-committee be set up to liaise with the Federal Government on all the issues raised.
According to a statement by the Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande, Kyari’s presentation also raised issues including oil production and market updates and gave updates on the PMS supply and distribution, assuring of sufficiency.
The NEC equally approved presentations by the Minister of Industry, Trade and Investment, Niyi Adebayo and the Special Adviser to the President on Ease of Doing Business, Jumoke Oduwole on System Approach for Better Education Results program.
It also approved a recommendation for the setup of SABER’s National Steering Committee, comprising PEBEC and the NG SABER Adhoc Committee to be chaired by the Vice President.
