The Managing Director and CEO of the Nigerian National Petroleum Corporation (NNPCL), Mele Kyari, has commended Nigerian President Bola Ahmed Tinubu for his policies and initiatives, which he says are playing a significant role in the growth of the oil sector.
Kyari said this on Monday during an urgent meeting of the Joint Committee on Finance, which was chaired by Senator Sani Musa and included representatives from the oil and gas sector.
Kyari said: “Let me just give confirmation that NNPCL and the oil and gas industry are very critical in bringing a turnaround in our current economic situation, and we understand the importance of this. We are taking every step that is practical for us to achieve this.
“We have already seen growth in our oil and gas production because of certain actions that Mr President personally took, and also the very mere truth that we have also declared a war on production activities.”
He stated that they have made rigorous attempts to reach a daily oil production of two million barrels.
“The combination of these two has now seen us restoring production in our country, and we believe that, as the Honourable Minister has said, we will have a line of sight to the two million barrels of production and subsequent growth in production. I will give you some details during the executive session.
“Also, we are affirming that NMBC will keep to its responsibility under the Petroleum Industry Act, which requires that we ensure national energy security when everyone else walks away. We are also confirming that we have a sufficient product supply in our country. There is no cause for any alarm today, and we are guaranteeing this supply,” he said.
Earlier during his address, Senator Musa, the head of the joint committee, applauded the NNPCL team for their grasp of the country’s economic requirements and highlighted their diligent effort towards fulfilling the economic agenda.
The NNPCL management team, the Minister of Budget and National Planning, Alhaji Atiku Bagudu, and the Deputy representing the Governor of the Central Bank of Nigeria were in attendance.