The Nigerian National Petroleum Company Limited’s Group Chief Executive Officer, Melee Kyari, stated on Tuesday that due to the company’s current situation, it would shortly disclose its enormous asset base.
After President Muhammadu Buhari unveiled the New NNPC Limited at the State House in Abuja, Kyari revealed this to the media.
The new NNPC Limited, which would function as a successful business organisation and distribute dividends to its 200 million shareholders, was unveiled by the president.
The Nigerian National Petroleum Company Ltd. will become a Limited Liability Company registered under the Companies and Allied Matters Act (CAMA) in accordance with the Petroleum Industry Act (PIA), which calls for the transformation of NNPC into a fully commercial company.
The company will also support sustainable growth across other sectors of the economy as it delivers energy to the world.
The CEO said the organisation’s structure would be changed in order to get different results while more competencies would be embraced.
Kyari said: “We now have a smarter, more responsive, and more accountable company that must act within the premises of all the regulations that are accountable for private companies.
“We must also meet the standards for best practices in the industry, in terms of governance and make sure that all regulations are applied.
“We must ensure that we deliver back to back to all our stakeholders.”
