The Nigerian National Petroleum Company (NNPC) Limited CEO/GMD, Mr. Mele Kyari, says the Petroleum Industry Act (PIA) provides business opportunities that will enable the company to earn more revenue for the country.
Kyari said this while addressing staff of the organisation in a town hall meeting held at NNPC Towers, Abuja, at the weekend.
Highlighting the significance of the PIA to the NNPC and by extension the Nigerian economy, he said the new legislation has raised shareholders’ expectations of the company.
According to a statement by Garba Deen Muhammad, NNPC spokesperson, Kyari added that the PIA had given the company a wide room to make progress.
READ ALSO: Lagos to close Marine Bridge till April
“The PIA had put all money-making options on the table; it is up to us to take advantage of it,” Kyari was quoted as saying.
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.
-Advertisement-
Kyari asked the employees to ensure that the company becomes a commercially viable entity and a multi-billion-dollar company that will continuously deliver value to its shareholders – the over 200 million Nigerians.
TheCable reported that last week, the Securities and Exchange Commission (SEC) disclosed plans to promote policies that would incentivise major companies such as Dangote Refineries and the NNPC to list their shares on the stock exchange.
We do everything possible to supply quality news and information to all our valuable readers day in, day out and we are committed to keep doing this.
Your kind donation will help our continuous research efforts.
-Advertisement-
-Want to get the news as it breaks?-
