Nigeria’s President, Bola Ahmed Tinubu has asked the Board of the Nigerian National Petroleum Company Limited (NNPCL), to pay more attention to gas as Nigeria transitions to cleaner energy.
The President says that the government needs to show that it is committed to the welfare of the country.
Inaugurating the Board of the NNPCL at the State House on Monday, President Tinubu also warned that conducts suggesting a sense of entitlement will not be tolerated, and that the Board could be dissolved without prior notice to members over non-performance.
Read Also: NNPC Board pledges to Boost Nigeria’s Crude Oil Production
The Nigerian Leader tasked the newly constituted Board to immediately get to work, warning that non-performance will not be tolerated.
“The challenge is corporate governance. Yes, we will improve the security situation. We are working very hard. Sincerely, the Chief Executive Office, Kyari, is doing very well, and doing all that I know.
“But you could be suddenly dissolved if there is no sustained excellence in performance. It is my honour to inaugurate this Board, which has people of great integrity. I am honoured that we are doing this. I recognize all of you,’’ he said.
CSR In Niger Delta
President Tinubu tasked the members on Corporate Social Responsibility (CSR) for the Niger Delta saying that it must be taken seriously, considering the devastating effects of oil exploration and exploitation on the environment.
“Niger Delta must be seen as the goose that lays the golden egg, and we must treat that region with the deserved respect and care. It is not asking for too much to ensure quality and constant water supply, schools, medical facilities, and roads. 
“It is not about us. It is about the well-being of the entire country and the lifeblood of the nation. We should care more about the environment. We will do more for security to minimize stealing and vandalization.
“Take a look at the Petroleum Industry Act (PIA), and know what the pitfalls are. The Cabinet members and Board should decide what we can do differently for production increase, profitability, and governance. It is in your hands. I will work with you,’’ he said.
The newly inaugurated Board of the Nigerian National Petroleum Company Limited (NNPCL) says it is determined to boost the nation’s crude oil production to a minimum of 2 million barrels per day by 2024. pic.twitter.com/WozVUxhFzw
— Voice of Nigeria (@voiceofnigeria) December 18, 2023
In his remarks, the Chairman of the Board, Chief Pius Akinyelure, commended the President for the removal of petrol subsidy, noting that the nation would have drowned in debt, but for his decisiveness.
“Our focus is to increase production. We must address the problem of stealing and pipeline vandalization in the Niger Delta. We are aware of the efforts in the past, but we will do more,’’ he said.
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