The chief executive officer of the Nigeria National Petroleum Company Ltd, NNPC, Mele Kyari says the Petroleum Industry Act, PIA, has put “all money-making options on the table” for the company.
He disclosed this while addressing staff of the company in a townhall meeting held at the NNPC Towers, over the weekend, in which staff outside the Corporate Headquarters participated virtually.
According to Kyari, the new legislation has provide business opportunities that will enable the company to earn more revenue for the country.
He highlighted the significance of the PIA to the NNPC and the Nigerian economy, saying that the new legislation had raised shareholders’ expectations on the company, even as it has given it a wide room to make progress.
According to the CEO, it is up to the company to take advantage of the money-making options provided by the PIA.
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 to ensure that the company became a commercially viable entity and a multi-billion-dollar company that will continuously deliver value to its shareholders–the over two hundred million Nigerians.
