President Buhari unbundles NNPC into 7 operational units, names new heads

President Buhari has endorsed the quick unbundling of the Nigerian National Petroleum Corporation, NNPC, into seven independent operational units. Minister of State for Petroleum Resources, Ibe Kachikwu, made this known today March eighth. As per Kachiukwu, the new units are Upstream, Downstream, Gas and Power, Refineries, Ventures, Corporate Planning and Services and Finance and Accounts.

He said each of the units would be headed by CEOs, specifically Bello Rabiu for Upstream; Henry Ikem-Onih (downstream); Anibor Kragha (Refineries); Saudu Mohammed (Gas and Power), Babatunde Adeniran (Ventures), Isiaka Abdulrasaq Finance and Accounting and Isa Inuwa ‎Executive Head, Corporate Planning and Services.

All arrangements take immediate effect.