Buhari committed to deliver a stable fiscal environment to harness nation’s oil and gas potentials- NNPC Boss

The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mele Koko Kyari, said under the leadership of President Muhammadu Buhari is determined to deliver a stable fiscal environment to support our quest to harness the nation’s oil and gas potentials towards national development.

Kyari stated this while delivering his keynotes address at the 2019 Association of Energy Correspondents of Nigeria (NAEC) Annual Conference and Awards held on Thursday at Eko Hotel with Theme: “Harnessing Oil And Gas Potential For National Development” and subthemes ‘Effects Of Sanctity Of Contracts on Commercial Operations’ and ‘Commercial Viability In Gas To Power Value Chain,’ were chosen.


“In NAEC, I see a group of brilliant individuals who are abreast of critical industry issues, locally and internationally, even as they also possess great potentials to change the course of the industry and indeed, of our society, for the better.



The NAEC Annual Conference and Awards 2019 was designed to gathered experts stakeholders in the sector to identify the issues hindering optimal exploitation and utilization of our oil and gas resources and proffer solutions to them that will certainly help the Government to address the nation’s huge infrastructure deficit, poor investment inflow an boost operations’ commitment.


The NNPC GMD who was evenly represented at the event by Umaru Ajiya, Chief Finance Officer of the Corporation pointed out that if we don’t collaborate and work together in an atmosphere that is beneficial to all stakeholders and emplaces Nigeria on the path of growth and development.


“I am committed to deepening the culture of Transparency, Accountability, Performance and Excellence during my tenure.”


“I wish to seize the opportunity of this forum to call on all industry stakeholders to collaborate more towards the common goal. There is no better time to work together than now!

“The position of the Oil and Gas Industry in Nigeria’s economic realm is an enviable one. Therefore, let us all see ourselves as partners in progress. Let us continue to work together to take the best decisions that will truly catapult our nation’s to march towards growth, prosperity and national development.


Kyari noted that the Oil and Gas Industry is the major foreign exchange earner and source of income to the Government. It is the bedrock and foundation for sustainable national development, with the potential to support development at all levels of Government.


NNPC Boss said that our concerns should be, among others, on what we need to do to harness Nigeria’s oil and gas potentials towards national development, more so in the face of mounting challenges facing the industry.


“Some of our modest efforts at driving a new thinking and direction in the NNPC, one geared towards more transparency, accountability and sustained performance excellence, all of which are very crucial ingredients in our quest towards national development.”

He pushed forward futurist statement saying today, with our Partners, we are driving the national aspiration to grow the National reserves to 40billion barrels by 2025 and improve crude oil production to 3 million barrel per day during the period. According to him to achieve these targets, we are not oblivious of the fact that huge investment is required across the entire value chain.


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