Buhari to new NNPC Board: Take Nigeria out of recession
President Muhammadu Buhari on Friday inaugurated new boards for National Petroleum Corporation (NNPC), Nigerian Nuclear Regulatory Authority (NNRA) and Nigerian Content Development and Monitoring Board (NCDMB) in Abuja.
During the inauguration, the president charged the boards to advise the minister and corporation’s management on the most effective ways Nigeria can get value from their assets.
“Even at this challenging times in the oil and gas industry, oil and gas are the country’s foreign earns, therefore, the importance of this boards cannot be over emphasise.
“Your job should be to ensure propriety in management of this most vital national institution. You should advice the minister and the corporation’s management on the most effective ways for Nigeria to get value from their assets,” He said.
The president urged the boards to live up to expectation as they are coming at a time the nation is experiencing loss of revenue due to dwindling oil prices.
He said, “The new boards are coming at a time when the global petroleum industry is witnessing a downturn purchase which has also translated to reduction in revenue levels of petroleum by producer nations”.
Buhari was however optimistic that the wealth of experience and knowledge of the carefully selected members will guide NNPC towards realizing its potentials and fulfilling it expectations to the nation.
The new boars are expected to ensure that the NNPC chart ways to face the current economic challenges.
The Minister of State, Petroleum Resources, Dr. Emmanuel Ibe Kachikwu is to serve as chairman of the new boards.