President Tinubu Warns NNPC Board Against Non-Performance and Entitlement - The Top Society

President Tinubu Warns NNPC Board Against Non-Performance and Entitlement

President Bola Tinubu has issued a stern warning to the Board of the Nigerian National Petroleum Company Limited (NNPCL), emphasizing that non-performance will not be tolerated. The caution was delivered during the inauguration of the NNPCL Board at the State House on Monday, as reported by Ajuri Ngelale, the presidential spokesperson.
President Tinubu stressed the importance of corporate governance and urged the newly inaugurated board members to be proactive in developing the country’s oil sector. He cautioned against any conduct suggesting a sense of entitlement, emphasizing that the board could be dissolved without prior notice if sustained excellence in performance is lacking.
“The challenge is corporate governance. Yes, we will improve the security situation. We are working very hard. Sincerely, the Chief Executive Officer, Kyari, is doing very well and doing all that I know. But you could be suddenly dissolved if there is no sustained excellence in performance,” President Tinubu asserted during the inauguration.
President Bola Ahmed Tinubu
He highlighted the significance of corporate social responsibility in the Niger Delta, urging the board to prioritize the region’s well-being and address the environmental impact of oil exploration. President Tinubu underscored the need for quality water supply, schools, medical facilities, and roads in the Niger Delta, emphasizing the responsibility to care for the environment.
The President directed a focus on gas as Nigeria transitions to cleaner energy, emphasizing the commitment to the country’s welfare. He encouraged the board to examine the Petroleum Industry Act (PIA) and explore strategies for production increase, profitability, and improved governance.
“The Cabinet members and Board should decide what we can do differently for production increase, profitability, and governance. It is in your hands. I will work with you,” President Tinubu affirmed.
In response, Chief Pius Akinyelure, the chairman of the NNPCL Board, commended President Tinubu for removing the petrol subsidy, acknowledging his decisive leadership in preventing the nation from drowning in debt. Akinyelure emphasized the board’s focus on increasing production and addressing challenges such as theft and pipeline vandalization in the Niger Delta.
President Tinubu had appointed the new board of NNPCL in early December, and the inauguration marks a crucial step in shaping the direction of the country’s oil sector under their leadership.
Share this Article
Leave a comment