The Chief Executive Officer (CEO) of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari says the Petroleum Industry Act (PIA) offers business opportunities that will enable the Corporation earn more revenue for the country.
Kyari said this while addressing the Corporation’s staff in a town hall meeting held at the NNPC Towers, Abuja, over the weekend.
Highlighting the significance of the PIA to the NNPC and by extension the Nigerian economy, Kyari said the new legislation has raised shareholders’ expectations on the company, even as it has given it a wide room to make progress.
According to the NNPC boss, the PIA has brought “all money-making options on the table; it is up to us to take advantage of it”.
He said following the new legislation, NNPC Ltd “would shed off some of its toxic liabilities and evolve as the largest and most capitalised company in the whole of Africa and, potentially, the most profitable on the entire continent.”
-Kyari urged employees of the organisation to work towards making the company a commercially viable entity and a multi-billion-dollar company that will continuously deliver value to its shareholders–the over two hundred million Nigerians.