Before his appointment as GMD of NNPC last August, he was the Executive Vice Chairman and General Counsel for Exxon Mobil (Africa).
Armed with private sector experience, Kachikwu, on assumption of office, introduced some swift reforms geared towards the restructuring of the NNPC, the resuscitation of the refineries, and deregulation of the downstream sector of the petroleum industry.
He also sought to introduce transparency and accountability in the huge oil corporation in such a way that each subsidiary would be required to render profit and loss accounts at the end of each fiscal year.
There have been speculations that Kachikwu came under attacks from various quarters and interest groups who felt threatened by these reforms.
Telegraph learnt that Kachikwu had to give way because, apart from the abnormality in one person holding the two strategic positions, he was too fast and reform-minded for the NNPC and ruffled not a few feathers while he held sway as the NNPC boss.
An oil industry source told Telegraph that the first factor that led to his exit was that it was not legal for one person to be the Minister of Petroleum Resources and Group Managing Director of NNPC, at the same time.
“It was an anomaly and supposed to be a temporary arrangement. It was not supposed have lasted that long. In addition, he brought private sector initiatives into a largely conservative and bureaucratic system. Normally, reforms will be resisted by those used to the old system.
But one of the things he didn’t do well was not carrying the people along. “There was a lot of disenchantment in the system because of the sweeping reforms Kachikwu tried to introduce. Click to signup for FREE news updates, latest information and hottest gists everyday
Advertise on NigerianEye.com to reach thousands of our daily users
The only reason is that buhari wanted a northern Fulani Muslim to take over the all important milk and honey sector so as to have a total control of both the economy and defence of the country. No other reason is tenable. Why was he not removed as the junior minister who is there just as a rubber stamp and allowed to hold o. To the more important position? Please make I hear word.
ReplyDeleteGbam!
DeleteChikena!!
You are on point!!!
WHICH POINT? IF HE HAD REMOVED HIM AS A MINISTER. THE SAME YOU WILL CRY FOUL. FROM THE WRITE-UP, IT WAS MENTIONED THAT BY LAW, A SINGL PERSON CAN NOT HOLD THE TWO OFFICES AT A TIME AND FOR THAT LONG. WE SHOULD TRY AND APPRECIATE OPPORTUNITY WHEN GIVEN. AS GMD HE HAD DONE A LOT BUT FOR EFFICIENCY AND ALSO FOR HIM TO LIVE LONGER, HE NEED TO SHED ONE OF THESE POSITIONS; AND THAT WAS WHAT HAPPENED.
DeleteThank you for your comment. You are correct
ReplyDeleteBuhari is starting to become a diassapointment to me. I can't speak for others.
ReplyDeleteYou only just know that now?;maga
DeleteBuhari is starting to show his true colour
Delete