The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has described the corporation as the most open government-owned entity in the country.
Baru said this in Abuja at the public opening of bids for Insurers and Brokers for NNPC Oil and Non-Oil Assets and Liabilities for the year 2018/2019.
He said by sustaining the practice of public harvesting of bids submitted in response to widely advertised call for tenders, the corporation has emerged a veritable champion of openness and transparency.
“I can guarantee you that there is no other government agency that is more open than us. We are the first and maybe the only one that is still publishing its account on a monthly basis, that is the uppermost point of transparency,’’ he said.
“Last year we had over 500 and this year we have received over 600 bids. This multiplicity of bidders has helped us year-in-year over the past three years to save premiums of over $30m to the corporation,” he said.
“When this administration came on board the premiums being charged were over $60m but we have succeeded in bringing it down to a little over $40m,” Baru added.
