NNPC to implement deregulation policy

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.

Read

Read President wants NNPC to work with oil producers in resolving challenges in oil sector

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.

Read New NNPC boss promises to throw account books open for public scrutiny

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.”