According to a source, most of the top beneficiaries of the restructuring will be from the North, a development that is already creating ripples within and outside the NNPC as some industry expert posited that such a policy if allowed to scale through would spell doom for the petroleum sector in the country.
An oil expert from the South-South zone, Mr. Oscar Oti Abuam, however said no responsible government will implement such a proposal bearing in mind the complex nature of the Nigerian state, particularly when considered against the backdrop that oil is mainly from the South-South.
Abum said: “Nigerians voted for change irrespective of religion and or ethnic background. NNPC remains the cash cow for sustaining the economy and any attempt to implement such a slanted policy will affect the economy terribly.”
Findings however indicated that in the proposed new structure, Northerners plan to occupy all Group Executive Director, GED, positions and other strategic positions, including Group Managing Director, GMD, of the Pipelines and Products Marketing Company, PPMC, as well as the Managing Director and GMD of the Crude Oil Marketers Division, COMD.