The Petroleum Industry Act (PIA) will provide enormous opportunities to the Nigerian National Petroleum Company Ltd. (NNPC) to earn more revenue for the country. The NNPC, Chief Executive Officer, Malam Mele Kyari, said this while addressing staff of the organisation in a town hall meeting at the NNPC Towers, Abuja.
Kyari, according to a statement issued on Sunday by Mr Garba Muhammad, NNPC’s Group General Manager, Group Public Affairs Division, highlighted the significance of the PIA to the NNPC and by extension the Nigerian economy. Kyari said the new legislation had raised shareholders’ expectations from the company. He added that the PIA had given the company a wide room to make progress.
According to him, the PIA has put “all money-making options on the table; it is up to us to take advantage of it.” He said the company due to the new legislation would not only shed some of its toxic liabilities but would be the largest and most capitalised company in Africa. Kyari urged the workers to ensure the company became a commercially viable entity and a multi-billion-dollar entity that would continuously deliver value to its shareholders.