On Monday, President Bola Tinubu directed the Nigerian National Petroleum Company Limited’s Board to promptly commence their duties, cautioning against non-performance.
Tinubu emphasized a zero-tolerance policy for behaviors hinting at entitlement, asserting the potential dissolution of the Board without prior notice for inadequate performance.
He underscored the importance of sustained excellence and vowed to optimize Nigeria’s security architecture to support the Board’s effectiveness.
Tinubu urged the Board to prioritize corporate social responsibility for the Niger Delta, recognizing the region as vital to the nation’s well-being.
He emphasized the need for environmental care, enhanced security to curb theft and vandalism, and a shift towards cleaner energy.
Additionally, Tinubu encouraged a thorough examination of the Petroleum Industry Act, empowering the Cabinet and Board to devise strategies for increased production, profitability, and governance.
Chairman Pius Akinyelure praised the President for subsidy removal, expressing the Board’s commitment to boosting crude oil production to two million barrels per day by 2024.
However, he acknowledged the challenge of oil theft, emphasizing the necessity of overhauling the security architecture to mitigate pipeline vandalism.
The Board aims to make Nigeria a leader in the oil and gas industry globally, with a focus on transitioning to sustainable green energy, according to Dr. Eunice Thomas, the only female board member.
The inauguration included key figures such as Umar Ajiya, Ledum Mitee, Musa Tumsa, Ghali Muhammad, Mustapha Aliyu, David Ogbodo, and Eunice Thomas.
