By YANGE IKYAA
Following the Federal Government’s commencement of full implementation of the Petroleum Industry Act (PIA) in earnest, the new legislation has been tipped to provide business opportunities that will enable the Nigerian National Petroleum Company (NNPC) Limited to earn more revenue for the country.
Chief executive officer (CEO) of the company, Mallam Mele Kyari, disclosed this while addressing staff of the organization in a townhall meeting held at the NNPC Towers at the weekend, with staff outside the corporate headquarters participating virtually.
Highlighting the significance of the PIA to NNPC and, by extension, the Nigerian economy, Kyari said the new legislation has raised shareholders’ expectations on the company, even as it has given it 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.”
The CEO further explained that, as a result of the new legislation, NNPC would not only shed some of its toxic liabilities but will be the largest and most capitalized company in the whole of Africa and, potentially, the most profitable on the entire continent.
He also charged employees of the organization to ensure that the company becomes a commercially viable entity and a multi-billion-dollar company that will continuously deliver value to its shareholders, particularly the over two hundred million citizens of Nigerian.