NNPC targeting profitability by end of 2016

The Minister of State for Petroleum, Dr. Emmanuel Ibe Kachikwu has said that having reduced the average monthly loss from N40 billion to N3 billion as a result of its corporate restructuring, the NNPC would target profitability before the end of 2016, a feat that had not been recorded in 20years, ThisDay reports.
While speaking during his recent visit to the Nigerian Content Development and Monitoring Board (NCDMB) in Yenagoa, Bayelsa State, the Minister also admitted that the entire spectrum of Nigeria’s petroleum industry required strategic intervention.
Kachikwu however, harped on the need to see the challenges as opportunities to transform the sub-sectors into income earners for the country.