The Petroleum Industry Act (PIA) will provide enormous opportunities for the Nigerian National Petroleum Company (NNPC) Limited to earn more revenue for the country.
The national corporation’s Chief Executive Officer, Malam Mele Kyari, said this while addressing workers of the organisation at a town hall meeting at NNPC Towers in Abuja.
In a statement yesterday in Abuja by the corporation’s Group General Manager, Group Public Affairs Division, Mr. Garba Muhammad, the CEO highlighted the significance of the PIA to the corporation and, by extension, the Nigerian economy.
Kyari said the new legislation had raised shareholders’ expectations on the company.
He added that the PIA had given the company a wide room to make progress.
According to him, the PIA has put “all money-making options on the table; it is up to us to take advantage of it”.
Kyari said the company, due to the new legislation, would not only shed some of its toxic liabilities because of the new legislation, but would be the largest and most capitalised company in Africa.
The NNPC chief executive urged the workers to ensure the company becomes a commercially viable entity and a multi-billion dollar entity that would continuously deliver value to its shareholders.