NNPC Leverage Public Private Partnership Model For Pipeline Infrastructure
The Group Managing Director of NNPC, Maikanti Baru, has said the Nigerian National Petroleum Corporation (NNPC) will leverage public private partnership to address the gap in pipeline infrastructure in the country. While inaugurating a new board for one of its downstream subsidiaries – the Nigerian Pipeline Storage Company (NPSC), in Abuja, According to Baru, whose optimistic that the private sector could help the petroleum industry build more pipelines parallel to the corporation’s existing ones.
“Your work also is to look at refurbishing these pipelines and storage along a Public Private Partnership (PPP) arrangement by getting willing private companies to invest in these pipelines. NNPC Management is very much disposed to supporting your efforts in this regard , ” he said. Baru, who insisted that such partnership would enhance the company’s profitabilit, urged the company to double its pipeline network in the next 10 years, stressing that such a target was “absolutely necessary. ”
According to him, pipelines are the arteries of the nation’s oil and gas Industry, adding that part of the reform process embarked upon by the corporation was to birth an NPSC with clear focus that regards pipeline storage and distribution as real business, Baru noted.
He therefore tasked the NPSC management to engage the various host state governments towards the restoration of the Products Right of Way (PRoW) to ensure the safety of the citizens and products. He also expressed NNPC Management’s readiness to engage security agencies against any act of economic sabotage towards the pipelines.
Responding, the Chairman of the NPSC Board and Chief Operating Officer , Corporate Services, NNPC, Isa Inuwa, pledged the readiness of the Board to support the NPSC Management towards achieving its set targets. “ It is our vision to transit NPSC to a market- phasing, competitive and profit – making organisation. We are committed as a board to deliver on this mandate, ” Inuwa stated.
The Managing Director of the company, Luke Anele thanked the NNPC Management, saying that although the task before his team was huge, it would nonetheless leave up to expectations . Aside Inuwa, who is the Chairman, the new board also has Henry Ikem – Obi, Luke Anele, Mr. Umar Ajiya, Mr. Ahmadu Sambo, Mr. Abdullahi Gunda , Mr. Ahmed Danladi, Mrs. Betty A. Ugonna as members and Mr. Victor Omoluabi as Secretary .