The Chief Executive Officer (CEO) of the Nigerian National Petroleum Company Limited, (NNPC), Mallam Mele Kyari, has said that the Petroleum Industry Act (PIA) will enable the company to earn more revenue for the country.
Kyari said this while addressing staff of the organisation in a townhall meeting at NNPC Towers, in Abuja, over the weekend, according to a statement by Mr. Garba Deen Muhammad, Group General Manager, Group Public Affairs Division, made available to The Next Edition on Sunday
Highlighting the significance of the PIA to the NNPC and by extension the Nigerian economy, Mallam 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 CEO, the PIA had put “all money-making options on the table; it is up to us to take advantage of it”.
He said 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 the company becomes a commercially viable entity and a multi-billion-dollar company that will continuously deliver value to its shareholders–the over two hundred million Nigerians.