President Buhari inaugurates NNPC board

Timothy Choji, Abuja

President Muhammadu Buhari has urged the new boards of three oil and gas related agencies, to be alive to their responsibilities.

They are the Nigerian National Petroleum Corporation NNPC; Nigerian Content Development Monitoring Board, NCDMB and the Nigeria Nuclear Regulatory Authority, NNRA.

He gave the charge at the Presidential Villa Abuja, while inaugurating the boards of the three parastatals.

The three boards all have the Minister of State for Petroleum, Dr Ibe Kachikwu as Chairman.

President Muhammadu Buhari noted that the task before them was enormous, as he implored them to ensure proper management of the institutions they will govern, to in order to achieve results.

“The importance of these Boards cannot be overemphasized. You should advice the Minister and the Corporation’s management on the most effective way for Nigeria to give value for money from our assets. My expectation from the members of these Boards is for them to ensure that the NNPC charts a way to face current economic challenges. This will involve a careful look at the ongoing reforms designed to steer the Corporation to achieve better performance and efficiency,” he charged the Boards.

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The President advised them to meet the expectations of Nigerians because they were coming at a time when the nation was facing a lot of economic challenges.

“With the wealth of experience and the knowledge of the members of these Boards, the desired growth, this government’s aspirations and indeed the aspiration of all Nigerians will be achieved within a reasonable time frame,” he said.

Responding on behalf of the Board members, Minister of State for Petroleum, Dr Ibe Kachikwu promised that they would work hard to justify the confidence reposed in them.

The inauguration of the Boards will now put to rest complaints in some quarters about the composition and inauguration of Boards of government agencies, a year after coming on board.