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Governors Urge FG to unbundle NNPC

Governors Urge FG to unbundle NNPC. Governors have added their voices to the unbundling of the Nigerian National Petroleum Corporation (NNPC). They affirmed that the deregulation of the oil sector

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قديم 05-28-2012, 06:28 PM
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افتراضي Governors Urge FG to unbundle NNPC

Governors Urge FG to unbundle NNPC. Governors have added their voices to the unbundling of the Nigerian National Petroleum Corporation (NNPC). They affirmed that the deregulation of the oil sector is inevitable.

The Governors anchored their support for the breaking up of the oil giant on the fact that no corporate entity of government ought to be above the law.

Governors’ Forum Chairman Chibuike Amaechi spoke during the weekend at a retreat organised by the House of Representatives’ committee reviewing the 1999 Constitution.

The Rivers State governor said: “Break up NNPC, even if it means putting it in the Constitution. When it stands on its own, you can then remove it. Everybody is talking about deregulation, but nobody actually wants to. We need to deregulate. If it is not happening, please put it in the Constitution. The Governors will support you.

“Why are there agencies that don’t obey the Constitution? The Constitution says all revenues accruing to the nation must be in the Federation Account. But because some people are above the Constitution, monies that are accruable to the country are not paid into that account.

“And the excuse they give is that the Appropriation laws passed by the National Assembly include a clause that says they can take their money upfront. Your laws cannot override the Constitution because you and I derive our existence from the Constitution.

“This is what they call the Rule of Law. That is why we ask, ‘should we keep NNPC the way NNPC is? Shouldn’t we tear it apart and make it a company, Governors Urge FG to unbundle NNPCd investors should come in? Should it become an agency of government?

“If people don’t want to obey the law, you put it in the Constitution so that it becomes difficult. Because everyday we hear of deregulation of the petroleum sector. Truth is nobody wants to deregulate. So, on your own, you owe this nation a responsibility.

“Why do we have a total of 545 Megawatts of power in Rivers State and nobody can feel power? Simple: because you have made a law that empowers the federal government to distribute power alone. So Rivers State has 545 Megawatts of power, we need just 400 Megawatts but can’t discharge this power to our people.

“Why should a regulatory framework be the basis for which I should develop? So I can’t develop until other areas develop? No! You develop at your own pace. Simple. For those are anti- State Police, don’t give them enormous powers”.

He, however, opined that the legislators have more to do towards correcting several anomalies inherent in government structure in the country, saying, “Let the National Assembly enact laws that they should do only investigation and crime,” Amaechi said, adding:

“Let them not be involved in elections so that Governors can afford to ensure that there is peace in their states. Let the rest powers go to the Federal Government. And let each state recruit policemen according to their capacity.

“Why must the Accountant of the Federal Government be the Accountant of the Federal Republic of Nigeria? There should be an Accountant for the Federal Government and there should be an Accountant for the Federal Republic of Nigeria. It cannot happen that one man does those two functions”.

Governors Urge FG to unbundle NNPC

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