Buhari Approves NNPC’s Operational Budget for 2019 - THISDAYLIVE via thisdaylive
President Muhammadu Buhari has approved the 2019 operational budget of the Nigerian National Petroleum Corporation , the Group Managing Director of e state oil company, Dr. Maikanti Baru, disclosed Wednesday.
in a statement from NNPC’s Group General Manager, Public Affairs, Mr. Ndu Ughamadu, Baru did not also reveal if the corporation will now submit the budget to the National Assembly for appropriation in line with the Fiscal Responsibility Act of 2007, which provides that federal revenue generating agencies must submit their budgets to the National Assembly .
Baru, who cautioned staff against contract splitting and accumulation, said such acts are deliberately done by procurement managers to subvert due process in the procurement process. To further deepen the culture of transparency in the corporation, Baru directed the supply chain management division of NNPC to step up its level of monitoring of the various tender boards within the corporation for full compliance.
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