The Chief Executive Officer (CEO) of the Nigerian National Petroleum Company Limited (NNPC), Mallam Mele Kyari has expressed confidence that with the new Petroleum Industry Act (PIA), the company is set to make more money for the country.
Addressing the staff of the organisation in a townhall meeting held at the NNPC Towers at the weekend, with staff outside the Corporate Headquarters (CHQ) participating virtually, Kyari said that full implementation of the new legislation would provide business opportunities that will enable the company earn more revenue for the country.
According to him, the new legislation has also raised shareholders’ expectations on the company, even as it has given it a wide room to make progress.
According to the Chief Executive Officer, the Act has put “all money-making options on the table. It is up to us to take advantage of it.”
He said that as a result of the new legislation, NNPC Ltd would not only shed some of its toxic liabilities but will be the largest and most capitalised company in the whole of Africa and, potentially, the most profitable on the entire continent.
The CEO charged employees of the organisation to ensure that the company becomes a commercially viable entity and a multi-billion-dollar company that will continuously deliver value to its shareholders, who are the over two hundred million Nigerians.
