Mohammed Shosanya
The newly inaugurated Board of the Nigerian National Petroleum Company Limited (NNPCL),has promised that Nigeria will compete with the oil and gas industry around the world while it ensures that the key performance indicators of the oil industry of the country are rated number one in Africa.
The board is also committed to raise the nation’s crude oil production to the minimum of 2million barrels per day by 2024.
The Chairman of the NNPCL Board, Chief Pius Akinyelure,who announced this on Monday while speaking to State House Correspondents after the inauguration of the NNPCL Board by President Bola Ahmed Tinubu.
According to him,if the board is to achieve this, the Federal government would ensure an overhaul of the security architecture of the oil-producing regions across the country to end the issue of oil theft and vandalization of pipelines.
He said:“It is not an easy task, we know we have the challenge of oil stealing, and vandalization of our pipelines, our commitment is to produce 2 million barrels per day anytime from next year but for this, we have to overhaul our security architecture so that the incidences of stealing, vandalization of oil pipelines can be reduced and this will help to beef up our cash flow and we will become a better nation.”
He also said that the Board members assured the President of collective efforts to reposition the Nigerian National Petroleum Company Limited “to sustain the economy better while it guarantee improved fortune for Nigeria.
He added:“We have assured him of our collective effort to make it a company that we will all be proud of and a company that will help sustain the economy and make sure we create some element of prosperity for Nigerians.”
Chief Akinyelure further disclosed that the board secured 100 per cent assurance and support of the President to carry out its responsibilities fully.
“He has assured us of his support and on our part too we have given him our 100percent assurance that we will do the best we can to make sure the key performance Indicators of the oil Industry in Nigeria will be rated number one in Africa and proudly competing with Oil and Gas industry around the world,” Chief Akinyelure added.
