In a compelling display of determination,President Tinubu Issues Stern instructed the Nigerian National Petroleum Company Limited (NNPCL) Board to initiate immediate action, cautioning that any hint of non-performance would be met with zero tolerance. The President, who inaugurated the Board at the State House, Abuja, asserted that a lack of sustained excellence could lead to its dissolution without prior notice.
In a statement titled “President Tinubu Issues Stern to NNPCL Board: Non-Performance Will Not Be Tolerated,” Special Adviser to the President on Media and Publicity, Ajuri Ngelale, highlighted Tinubu’s commitment to optimizing Nigeria’s security architecture to enhance the Board’s effectiveness.
President Tinubu emphasized the significance of corporate social responsibility for the Niger Delta region, urging the Board to prioritize the well-being of its inhabitants in the face of environmental challenges posed by oil exploration.
With a keen eye on Nigeria’s transition to cleaner energy, President Tinubu directed increased focus on gas production, stressing the importance of commitment to the nation’s welfare. He underscored the need for the Board to scrutinize the Petroleum Industry Act and explore innovative approaches for production increase, profitability, and governance.
The newly inaugurated Chairman of the Board, Pius Akinyelure, expressed gratitude for the removal of petrol subsidy and outlined the Board’s mission to increase oil production, addressing issues of theft and pipeline vandalism in the Niger Delta.
Meanwhile, the NNPCL revealed ambitious plans to produce two million barrels of crude oil per day by 2024, aiming to meet OPEC’s target. Akinyelure acknowledged the challenges posed by oil theft and pipeline vandalization, suggesting an overhaul of the security architecture to combat these issues.
The Board’s only female member, Dr. Eunice Thomas, voiced commitment to transitioning Nigeria from fossil fuels to sustainable green energy, echoing the broader goal of providing power and industrializing energy for the nation.
As President Tinubu charges the NNPCL Board with transforming the oil industry, Nigeria braces for a paradigm shift towards greener, more sustainable energy solutions, with a united focus on economic growth, increased productivity, and environmental sustainability.
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