The Group Managing Director, Nigerian National Petroleum Corporation (NNPC) Mallam Mele Kyari has revealed something striking about the President. The geologist, crude oil marketer who is also the 19th GMD of the NNPC made this statement in a media parley with the nation’s energy journalist at Abuja.

The GMD spokes on wide-ranging issues and developments within the NNPC group and the larger Oil & Gas Industry. He said: “Our vision is that NNPC will become a company of excellence and declare dividends to Nigerians and shareholders. We are optimistic that at the end of 2020, NNPC should be able to declare dividends to Nigerians in spite of the impact of the COVID-19 pandemic.”

He also revealed that the: “NNPC has never published its audited financial statement in 43 yrs. We came & started doing that & released the 2018 financial statement. We were not afraid of doing that & there were a lot of criticisms that we lost money in refinery operations & pipeline business.

“We went ahead & published the 2019 audited report & were able to learn and cut cost & became more efficient. There is no company in the country which has cut its losses within one financial year by N800bn. We have improved efficiency by cutting 97% in our losses.

“These are truly difficult times for our Industry. But I am proud to say that we were able to maintain our obligations to the Federation Account for seven months without any fail despite the huge impact of the COVID-19 pandemic on the oil and gas industry.”

He then spoke of the President, see tweet below: “I have been around in this company for 29 yrs & have worked closely with top management of the NNPC for about 15 yrs. This is the only President who has never asked NNPC to do something. Under no circumstances has President @MBuhari controlled what we want to do”


http://dtkpost.com/see-what-nnpc-gmd-said-about-buhari/

His opinion... His choice

so what's the essence of making himself petroleum resources minister when he couldn't make any meaningful contribution to the running of NNPC?

richiemcgold:
so what's the essence of making himself petroleum resources minister when he couldn't make any meaningful contribution to the running of NNPC?

I wonder