The Petroleum Industry Act (PIA), has been tipped to provide business opportunities that will enable the Nigerian National Petroleum Company Limited (NNPC), earn more revenue for the country.
Chief Executive Officer (CEO), NNPC, Mele Kyari, disclosed this while addressing the staff in a town hall meeting held at the NNPC Towers, at the weekend, with staff outside the Corporate Headquarters (CHQ) participating virtually.
Highlighting the significance of the PIA to the NNPC and by extension the Nigerian economy, Kyari was quoted in statement as saying that the new legislation has raised shareholders’ expectations on the company, even as it has given it a wide room to make progress.
He said the PIA had put “all money-making options on the table; it is up to us to take advantage of it.”
He said as a result of the new legislation, NNPC Ltd 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.
The CEO therefore charged the workers 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.
The PIA had put all money-making options on the table; it is up to us to take advantage of it.