FG to List NNPC on Stock Exchange after Restructuring Plans to make power, transport, industries hub of new gas policy Chineme Okafor in Abuja The federal government plans to list the Nigerian National Petroleum Corporation (NNPC) on the Nigerian Stock Exchange, once it
concludes its reforms of the country’s petroleum sector, the latest draft national oil policy has revealed. In the Draft National Oil Policy 2016, released alongside the Draft National Policy on Gas, three sectors in
Nigeria’s economy – power, transportation, and industries – will be the key drivers of its new policy on gas. According to the draft oil policy, a newly formed corporation could sell stakes so long as the government
shareholder retains effective control and ownership. It, however, pointed out that the government’s reform of the industry would see NNPC function more as a private entity with less of official bureaucracies.
Both policies obtained by THISDAY are still being worked on by the ministry and they have also been shared with key industry stakeholders for their comments and reviews. The draft oil policy stated:
“The NNPC will be made autonomous from the state, it will relinquish all its policy making and regulatory activities, and it will be treated on an equal basis with priContinued on page 8
Terror Threat: Aviation Security Personnel to Bear Arms ...Page 10 Sunday 13 November, 2016 Vol 21. No 7878
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Weak Ruling Party, Fractured Opposition Rob Nigerians of Democracy Benefits Onyebuchi Ezigbo in Abuja When Nigerians went to the polls in 2015, they voted for change, but they have gotten more than they bargained for. With a ruling party that cannot hold its own and a main opposition party that is too factionalised to hold the government to account, Nigeri-
ans are being deprived of the full benefits of democracy. The ruling All Progressives Congress and the opposition Peoples Democratic Party have not lived up to expectations due to internal squabbles. The implication is that the country is robbed of the benefits of good governance derivable from a harmonious
News Review and focused ruling party and a strong, articulate opposition party that can help to keep the government on its toes. The APC has been unable to galvanise support for its administration and failed to
provide useful tips and guide that will help the government to successfully run the affairs of the country. Besides being unable to mobilise the citizens to support the policies of government, the ruling party has been too weak to ensure that such policies are in tandem with the party’s manifesto and core electoral
promises. Since coming to power on May 29 last year, the APC administration has not had a cordial relationship with its members in the executive arm of government and in the National Assembly. From inception, the APC federal government and the national leadership of the
party got themselves entangled in a conflict over the choice of the principal officers of the National Assembly. Rather than settle the issues amicably, they allowed the matter to fester and ultimately cause bad blood beContinued on page 8
Buhari Moves to Reset Relationship with Saraki, Senate Leadership Omololu Ogunmade in Abuja A new page has been opened in senate-executive relations after months of poor engagements following the circumstances surrounding the emergence of the Senate leadership. For the third time in one week, President Muhammadu Buhari met with the Senate President, Bukola Saraki, a clear departure from what obtained in the past 18 months when he reportedly declined at several times to personally engage the Senate President or the senate leadership on issues of governance. Saraki had emerged Senate President after defeating his party, All Progressives Congress’ preferred candidate, Sen. Ahmed Lawan. His party was further irked by the emergence of Senator Ike Ekweremadu, a Peoples Democratic Party (PDP) senator, as his deputy. Since their emergence on June 9, 2015, there had been limited engagements between President Buhari and Saraki and the senate leadership - a development that has had significant impacts on senContinued on page 8
WEEKLY PULL-OUT
A NEW DAWN
L-R: Chief Judge of Edo State, Justice Cromwell Idahosa, administering Oath of Office to Mr. Godwin Obaseki, during his inauguration as Governor of EdoState in Benin City. With him is his wife, Betsy Obaseki ...yesterday
AFRIMA 2016
A PARADE OF AFRICA’S MUSIC TALENTS
13.11.2016