The inauguration of the NOGEC came at a time Nigeria and the rest of the world are raising concerns over depleting oil revenue and the breakthrough in alternative forms of energy, including renewable and solar energy.
To underscore the damage done to the Nigerian economy which is heavily reliant on oil, Nigeria’s Finance Minister, Mrs Zainab Ahmed, in May 2020, announced that the national revenue target fell by N125.52 billion in the first quarter of 2020 to N940.91bn.
The Group Managing Director of NNPC, Mallam Mele Kyari, hinted at this paradigm shift when in December 2020, at the Central Bank of Nigeria (CBN) roundtable session, he said NNPC was putting measures in place to reduce the cost of crude oil production to create market for the country’s crude.
By Emmanuel Addeh
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has commended President Muhammadu Buhari for giving the corporationâs management free-hand to deliver on its mandate, saying that he remains the only president that has never interfered in the operations of the Corporation.
Mallam Kyari stated this on Monday in Sokoto while delivering the Usmanu Danfodiyo Universityâs 2021 First Quarter Public Lecture Series titled, âNavigating Energy Transition and the Imperatives of University-Industry Collaboration.â
He said the current crop of NNPC Management was so privileged to have a President who never interfered in what the NNPC does as a Corporation.
Kyari commends President Buhari s non-interference in NNPC…Tasks govts, institutions on Technology, Innovation nationalaccordnewspaper.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalaccordnewspaper.com Daily Mail and Mail on Sunday newspapers.