President Bola Ahmed Tinubu has officially inaugurated the 11-man board and management team for the Nigerian National Petroleum Company Limited (NNPCL), emphasizing the need for a focus on profitability, increased production, and robust governance.
Tinubu warned against viewing the appointments as mere "cake sharing," urging optimal performance. The newly appointed Chairman, Chief Pius Akinyelure, outlined an ambitious production target of two million barrels per day by 2024, acknowledging the substantial challenges facing Nigeria's oil and gas industry.
The board expressed commitment to overhauling the security architecture to combat oil theft and pipeline vandalism, pledging to raise the nation's crude oil production and compete globally.
Tinubu affirmed his support for the board's responsibilities, emphasizing collective efforts for the company's success. The appointments, made on November 28, include notable figures such as Mele Kolo Kyari and Prof. Mustapha Aliyu.
