The Minister of State for Petroleum and Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu has said that expatriates would be recruited into the corporation as part of the ongoing restructuring of the state-run oil company for efficiency and profitability.
Kachikwu told THISDAY in an exclusive interview that the personnel restructuring of the corporation was only 25 per cent completed, stressing that “75 per cent of the restructuring is yet to be carried out.”
The minister noted that there was always an emotion about Nigerians being in charge of NNPC but insisted that the oil and gas industry was not where nationals just take charge alone, stressing that “it is an international business that requires international global best practice.”
He stated that despite the general clamour for Nigerians to be in-charge, there were certain positions in the NNPC that required the services of expatriates, adding that the corporation currently has no expatriates in its workforce.
“Despite the fact that there is a lot of closed up policies with everybody trying to keep it in-house, it is too big to be kept in-house. Nobody runs a company this huge like this. Look at NNPC; our upstream is in charge of 60 per cent holdings in companies like ExxonMobil; like Total; like Shell and these companies in their own right are big enough for Nigeria and you are controlling the majority. Now, unless you want that majority control to just be something that is a paper tiger thing. Read more