Nigeria state oil group NNPC taps private sector for top ranks

The new head of Nigeria’s state oil company has tapped the private sector as part of an overhaul of senior ranks intended to clean up the entity at the heart of the country’s economy.

Emmanuel Kachikwu was appointed this month by President Muhammadu Buhari, who tasked the former ExxonMobil executive with rooting out corruption and mismanagement at the Nigerian National Petroleum Corporation.

Mr Kachikwu, group managing director, said his hiring strategy was intended to “refocus and sharpen” the company. He will also review all production-sharing contracts and joint venture agreements as part of the extensive restructuring.

Read more: Nigeria state oil group NNPC taps private sector for top ranks – FT.com

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