Kachikwu, Baru Put Differences Aside At Economic Summit

Written by on October 11, 2017

The Minister of State for Petroleum Resources, Ibe Kachikwu, and the Group Managing Director, of the Nigerian National petroleum Corporation, NNPC, Maikanti Baru, appeared to set aside their differences to speak about ways to building a stronger and more efficient petroleum industry.

The two top officials have not had the best of relations since last week Tuesday when a letter Kachikwu wrote to President Muhammadu Buhari accusing Baru of insubordination and corruption surfaced online.

With Baru’s reply still generating ripples in the media, it seemed unlikely both officials would come together soon.

But, during the third planery session of the Nigerian Economic Summit, NES 23 in Abuja on Tuesday, both spoke of a stronger, more encompassing regulatory authority that would soon emerge in petroleum industry after the passage of the Petroleum Industry Bill, PIB. Kachikwu said the government was still working to make the regulatory environment in the industry better.

‎The minister, who was the moderator in the panel on energy, said the government was currently dealing with the fundamentals‎ of ensuring the refineries worked, while ensuring the availability of energy sources to meet the country’s day to day needs.‎ ‎

‎Baru, on his part lamented that previous marginal field bidding rounds has not achieved the objectives the government set out to achieve, saying only nine out 14 of those who won the licenses were operational.

He said this was “not good enough” Adding that he was committed to work closely with the minister to address the concerns and constraints that hindered.


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