The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, says the NNPC is no longer afraid of public scrutiny.
The NNPC boss while speaking at the Third Annual Value Chain Magazine’s Lecture and Awards in Abuja, maintained that the oil and gas sector was desperately in need of reforms, which the corporation is embarking upon, to make it more beneficial to its shareholders, the Nigerian people.
Kyari at the event with the theme: “The Role of the Media in the Nigerian Petroleum Industry Reform and Investment,’’ reiterated that the national oil company was no longer scared of being scrutinised by the public, explaining that there’s currently a new environment for transparency and accountability in the NNPC.
To that end, he said the 2019 audited report of the corporation will soon be released to the public as a follow-up to the 2018 statement recently released, the first in 43 years.
The media should henceforth go beyond informing and educating the audience to ask probing questions in the way the industry is governed, according to him.
“I have said it times without number that the NNPC is never afraid of any scrutiny. We will continue to play our strategic role as a key enabler of Nigeria’s economy.
“Our commitment toward entrenching Transparency, Accountability and best-in-class Performance Excellence (TAPE) in all our operations is still unshakeable. Since coming on board, we have been very open in our dealings with all our partners and stakeholders.
“From the unprecedented publication of our Audited Financial Statement and monthly financial and operational reports to crude term contracts and several other bids and contracting processes. We are not relenting until this great corporation attains global excellence.”
The NNPC GMD also decreed that the country’s laws were yet to align with current realities in the international oil market, stressing that the expected passage of the Petroleum Industry Bill (PIB) will generally transform the industry.