President Bola Tinubu has given members of the Board of the Nigeria National Petroleum Company (NNPC) Limited a marching order on the increase in production.
He asked them to take a look at the Petroleum Industry Act (PIA), and know what the pitfalls are.
“The Cabinet members and Board should decide what we can do differently for production increase, profitability, and governance. It is in your hands. I will work with you.’’
Inaugurating the Board of the company today, December 28, President
Tinubu confirmed that so far, the Chief Executive Officer, Mele Kyari Kolo, is doing very well, “and doing all that I know.
The President advised that corporate social responsibility should be given priority for the Niger Delta, considering the devastating effects of oil exploration and exploitation on the environment.
“It is not about us. It is about the well-being of the entire country and the lifeblood of the nation. We should care more about the environment. We will do more for security to minimise stealing and vandalisation.”
The President directed that more attention should be given to gas as Nigeria transitions to cleaner energy, adding: “We need to show that we are committed to the welfare of our country.
In his remarks, the Chairman of the Board, Chief Pius Akinyelure, commended the President for the removal of petrol subsidy, saying that the nation would have drowned in debt, but for his decisiveness.
“Our focus is to increase production. We must address the problem of stealing and pipeline vandalisation in the Niger Delta. We are aware of the efforts in the past, but we will do more.”
Source: NAN.
