Sesan Ayeni

Review of National Petroleum Investment ...

This very important arm of the Nigerian National P...

This very important arm of the Nigerian National Petroleum Corporation (NNPC) has moved quite a bit in my reckoning. The National Petroleum and Investment Management Services (NAPIMS) is tasked with managing all the Joint Venture (JV) agreements and management. It is indeed not surprising that the NNPC itself has not blossomed like Rosneft, Aramco or Petronas - its counterparts from Russia, Saudi Arabia and Malaysia. How can we then be taken aback if NAPIMS have not discharged its responsibilities with probity and high energy? The Nigerian government will have to decide what to do with NNPC and its subsidiaries like NAPIMS.