23
May
May
PRESIDENT TINUBU CHARGES NNPC BOARD TO TURN ECONOMY AROUND
-
CapitalTimesNews / 2 months
- 0
- 2 min read
President Bola Tinubu has urged the newly inaugurated board of the Nigerian National Petroleum Company (NNPC) Limited to consolidate the gains of the ongoing economic reforms, which have attracted commendations for the resilience and competitiveness of the Nigerian economy. Special Adviser to the President, Bayo Onanuga, in a statement, said President Tinubu expressed his confidence in the board’s ability to deliver on its mandate. “I count on your experience to turn the economy around,” the President said. Bayo Onanuga noted that the President selected the board members painstakingly to ensure quality leadership. The President told the board that the volatility in the world’s economy will require looking inward for solutions, and Nigerians will depend on repositioning the NNPC Ltd. “Explore all options for a win-win situation for Nigeria,” Bayo Onanuga quoted the President as saying. Bayo Onanuga further stated that the President expressed pride in the board’s ability to succeed. Minister of State, Petroleum, Heineken Lokpobiri, thanked the President for assembling the team, saying, “I got calls from the whole of Africa, my colleagues in OPEC, saying that if this team does not deliver, Nigeria will have to import men from another planet to come and deliver the oil and gas sector in Nigeria.” The Chairman of the Board, Ahmadu Musa Kida, thanked the President for the opportunity to serve the country, promising to uphold the highest standard of leadership, courage, and integrity. The Group Chief Executive Officer of NNPC Ltd, Bashir Bayo Ojulari, said the team had already met with industry stakeholders to review operations and business relationships, adding that production had risen to 1.7 million barrels in two months from 1.5 million barrels, with a target of reaching 1.9 million barrels by year-end.
