The Chief Executive Officer (CEO) the Nigerian National Petroleum Company Limited (NNPC), Mallam Mele Kyari has said that with the commencement of full implementation of the Petroleum Industry Act (PIA), the company would not only shed some of its toxic liabilities but will be the largest and most capitalised company in the whole of Africa and, potentially, the most profitable on the entire continent.
Kyari who was addressing staff of the organisation in a townhall meeting held at the NNPC Towers, at the weekend, with staff outside the Corporate Headquarters (CHQ) participating virtually, said the federal government has commenced full implementation of the Petroleum Industry Act (PIA) in earnest, and tipped the new legislation to provide business opportunities that will enable the NNPC earn more revenue for the country.
Highlighting the significance of the PIA to the NNPC and by extension the Nigerian economy, Mallam 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 the CEO, the PIA had put “all money-making options on the table; it is up to us to take advantage of it”.
The CEO charged employees of the organisation to ensure the company becomes a commercially viable entity and a multi-billion-dollar company that will continuously deliver value to its shareholders–the over two hundred million Nigerians.