President Bola Tinubu has issued a strong warning to the newly inaugurated Board of the Nigerian National Petroleum Company Limited (NNPCL) that non-performance will not be tolerated.
He emphasised this point by immediately ordering the Board to get to work, underscoring the urgency of delivering results.
Tinubu further stressed that any conduct hinting at a sense of entitlement will be met with swift action.
He went so far as to say that the Board could be dissolved without prior notice if members fail to meet expectations. This stern message signifies his unwavering commitment to accountability and performance.
Recognising the environmental impact of oil exploration in the Niger Delta, Tinubu also highlighted the crucial role of corporate social responsibility.
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He urged the Board to prioritise this aspect, ensuring that the communities most affected by oil activities receive tangible benefits and support.
“Niger Delta must be seen as the goose that lays the golden egg, and we must treat that region with the deserved respect and care. It is not asking for too much to ensure quality and constant water supply, schools, medical facilities, and roads.
“It is not about us. It is about the well-being of the entire country and the lifeblood of the nation. We should care more about the environment. We will do more for security to minimize stealing and vandalization,’’ he stated.
Tinubu further directed that more attention should be given to gas as Nigeria transitions to cleaner energy, adding that “We need to show that we are committed to the welfare of our country.”
“Take a look at the Petroleum Industry Act (PIA), and know what the pitfalls are. The Cabinet members and Board should decide what we can do differently for production increase, profitability, and governance. It is in your hands. I will work with you,’’ he said.
The Chairman of the Board, Chief Pius Akinyelure, commended Tinubu for the removal of petrol subsidy, noting that the nation would have drowned in debt, but for his decisiveness.
“Our focus is to increase production. We must address the problem of stealing and pipeline vandalization in the Niger Delta. We are aware of the efforts in the past, but we will do more,’’ he said.
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