PRESIDENT Muhammadu Buhari has said that since coming to power, his administration has improved transparency in the Nigerian National Petroleum Corporation (NNPC) through publishing monthly operational and financial report of the corporation.
Buhari reminded them that oil and gas industry were the country’s foreign earners, “therefore the importance of these boards cannot be over emphasised.”
He counseled: “Your job should be to ensure propriety in the management of these most important national institutions.
“My expectations from the members of these boards is for them to ensure that the NNPC charts a way to face current economic challenges.
“These will involve a careful look at the ongoing reforms designed to steer the corporation to achieve better performance and efficiency.
The president admonished them that the task before them was enormous but was confident the wealth of experience and knowledge of members of the boards, the desired growth, government aspirations and indeed the aspirations of Nigerians will be achieved within a seasonable time frame.”
While thanking the president for the opportunity given to the board members, he added: “We have heard your kind words of wisdom and the steer you have given us in terms of ensuring transparency, focus and thinking outside the box in a bid to finding solutions to many of the problems that plague many of these parastatals.
“For NNPC, a lot like you mentioned, has already been achieved but a lot still needs to be achieve and we will be working with the management through the board to try and get them to where they should be.”
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