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Ibe Kachikwu NNPC to implement deregulation policy

He said this while speaking at the 2015 National Association of Energy Correspondents (NAEC) Conference, with the theme: Energy Crises and Sustainable Development in Nigeria: The Way Forward.

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New NNPC boss, Ibe Kachikwu play

New NNPC boss, Ibe Kachikwu

(Information NG)

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Dr. Emmanuel Ibe Kachikwu has announced that speedy implementation of the deregulation policy will promote private investment.

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Dr. Emmanuel Ibe Kachikwu (R), the new managing director of the Nigerian National Petroleum Corp (NNPC), shakes hands with the former Group Managing Director of NNPC, Dr. Joseph Thlama Dawha during a handover ceremony in Abuja, Nigeria, in this August 5, 2015 handout photograph made available to Reuters August 6, 2015. REUTERS/NNPC/Handout play Dr. Emmanuel Ibe Kachikwu (R), the new managing director of the Nigerian National Petroleum Corp (NNPC), shakes hands with the former Group Managing Director of NNPC, Dr. Joseph Thlama Dawha during a handover ceremony in Abuja, Nigeria, in this August 5, 2015 handout photograph made available to Reuters August 6, 2015. REUTERS/NNPC/Handout

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He said this while speaking at the 2015 National Association of Energy Correspondents (NAEC) Conference, with the theme: Energy Crises and Sustainable Development in Nigeria: The Way Forward.

NNPC boss, Emmanuel Kachikwu play

NNPC boss, Emmanuel Kachikwu

( Porsche Classy)

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According to him, “Implementation of the policy will entrench efficiency in product usage, product availability and effective competition among investors hence putting an end to product shortage. However, critical enablers such as security of the supply and distribution infrastructure must be assured to guarantee the availability of the petroleum products at affordable prices.”

 

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