The Group Managing Director of the Nigerian National Petroluem Company Ltd, Mr Mele Kyari has expressed optimism that the implementation of the Petroleum Industry Act will position the NNPC as the most capitalised and profitable company in Africa.
Kyari said this while addressing members of staff of the organisation during a town hall meeting held at the NNPC Towers, at the weekend.
Other members of staff of the NNPC outside the Corporate Headquarters participated virtually.
The PIA was signed into law by President Muhammadu Buhari on 16th August, 2021.
Following the assent of the President, the NNPC LTD was incorporated by the Corporate Affairs Commission on September 22 last year after it received application for its registration from the Federal Government.
The GMD while speaking at the meeting with members of staff said the new legislation will provide business opportunities that will enable the NNPC earn more revenue for the country.
Highlighting the significance of the PIA to the NNPC and by extension the Nigerian economy, Kyari, in a statement from the NNPC said the new legislation has raised shareholders’ expectations on the company, even as it has given it a wide room to make progress.
The statement signed by Garba Deen Muhammad, Group General Manager, Group Public Affairs, Division, quoted Kyari to have said, “The PIA has put all money-making options on the table; it is up to us to take advantage of it.”
