President Bola Tinubu has actually inaugurated the 11-man board and management group for the Nigerian National Petroleum Company Limited (NNPCL) with a charge on the board members to concentrate on success, increased production, and robust governance.
Speaking after inaugurating the board and management group in his workplace at the State House, on Monday in Abuja, the President highlighted that their visit must not be considered as simple “cake sharing,” prompting ideal efficiency on their part.
He likewise required a critique of Petroleum Industry Act and acknowledgment of the Niger Delta’s essential function in producing oil.
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Resolving newsmen after the inauguration, Chairman of the 11-man board, Chief Pius Akinyelure, set an enthusiastic production target of 2 million barrels each day by 2024 for the NNPCL, highlighting the considerable difficulties facing Nigeria’s oil and gas market.
He likewise canvassed for a detailed overhaul of the nationwide security architecture to attend to losses sustained through oil theft and pipeline vandalism.
His words: “To ensure that as the essential efficiency signs of the oil market in Nigeria, most likely, we’ll end up being top in Africa and most likely taking on leading oil and gas business all over the world. It is not a simple job, however we understand we have the difficulty of oil stealing, the vandalisation of our pipelines.
“Our dedication is to produce at a rate of 2 million barrels each day, anytime from next year. To do this, we have to upgrade our security architecture so that the occurrences of taking, vandalisation of pipelines can be decreased. And this will potentially assist to develop our capital. And this will potentially assist to develop our capital”.