• Sunday, February 25, 2024
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NNPC to Commence Export of Petroleum Products – Baru

NNPC’s strive for greater transparency fuels recent CBT adoption
The Nigerian National Petroleum Corporation, NNPC is to commence the export of petroleum products to Nigeria’s neighbours .
The outgoing Group Managing Director of the NNPC, Maikanti Baru disclosed this on Tuesday while fielding questions from State House Correspondents after  formally  “introducing” the new GMD, Kolo Kyari to President Muhammmadu Buhari, at the Presidential Villa, Abuja
Baru said with the level of stability attained in the petroleum industry, especially with the supply of fuel, the new NNPC management team should be able to commence export of petroleum products to Nigeria’s neighboring countries, within the shortest possible time.
Baru who did not give further details, however, assured that the incoming NNPC management team headed by Kolo Kyari has the capacity to deliver on the export plans
“ We expect that as we have stabilize the supply of fuel to the economy, they will make sure they start exporting products to Neigbouring countries. I am so convinced that this team will deliver.” he said.
Also speaking on his mission, Kyari said his mission is to make the nation’s oil company, a global company of excellence and deliver the benefit of oil and gas industry to the citizenry
Kyari, a geologist and until recently , Nigeria’s representative to the Organization of the Petroleum Exporting Countries, OPEC, also promised to fight corruption and other unwholesome practices in the oil and gas sector, by partnering with the Economic and Financial Crimes Commission EFCC to tackle the challenges of graft in the industry.
Nigeria’s current spending of about N700n in unexplained fuel subsidy, which is estimated to hit N1.149T in 2019, unproductive spending in turnaround maintenance on the nation’s refineries, Kyari promised to focussed in ensuring that he delivers within “the shortest possible time and in the most efficient way”
Kyari said he understands the gravity of his assignment and the trust that goes with it.
“I understand the gravity of the assignment given to me, the trust that is associated with this work and the high expectations of Mr President for us to make the company, a global company of excellence and to deliver to the citizenry the benefits of  the oil and gas industry.
“I assure all of us that we will do this work with integrity. I will ensure that by 2023 mr President will look back and confirmed that he has not misplaced his trust first of Dr. Baru and transferring it to us is a testament of the confidence mr President has for the corporation.
He also promised to ensure that the corporation becomes an integrator of the economy, at the end
He said the institution is going to work with EFCC and other institutions involved in controlling and contending any form of corruption to clean up system.
According to him, “This is in line with mr President’s cardinal principle to contain with corruption so that this country can benefits from its resources.
Kyari who noted that discretions breed corruption in every system, assured that he “ will automate our systems and processes so that discretion is reduced to the barest  minimum, adding that “We need the help of EFCC wherever we see infractions in our systems, compromise our systems.