Vanguard Newspapers Nominate Kyari As 2021 Man Of The Year

The Group Managing Director of the Nigerian National Petroleum Company Ltd Mele Kyari has been nominated as the Vanguard Newspapers man of the year for 2021.

The Chairman Editorial Board of Vanguard Newspapers, Ochereome Nnanna led other management staff of the Newspapers to present the letter of nomination to the GMD on Monday in Abuja.

The GMD appreciated the Newspaper for nominating him for the award, adding that the award is coming at a time when the NNPC is undergoing huge transformation in line with the Petroleum Industry Act.
Kyari said there was an urgent need to focus on gas investment, adding that as the economy is facing a challenging time, such investment will help to guarantee energy security for the country.

He said, “The only way to recognize and solve the economic problem is to have sufficient energy, so the need to make energy affordable and accessible is key element.”

The GMD explained that the NNPC has been transparently run, adding that it remains the only company in the world that publishes its Monthly Financial Report.

He said with the Company having over 200 million shareholders, there is no room for the NNPC to be running its operations in secrecy.

He stated further that it was in line with the transparency and accountability principle that the NNPC has been releasing the volume of Premium Motor Spirit distributed to the federation within the last three months.

Kyari explained further that flowing from this, the NNPC will be releasing the fuel subsidy figures so that every Nigerian can see how the country is benefiting from subsidy payment.

He said, “We have seen in the last two to three months PMS supply to the country. The numbers look very big, but we know where it’s is coming from, we know the depots that they are coming from and who owns it, yet nobody want to talk about it and this is clearly tied to the subsidy conversation everyone is talking about.

“We are going to publish the fuel subsidy number very soon so that people will see that despite all the scheming’s, these volumes do come into the market. This is help to tell people how much product we have brought on their behalf and this is where it has gone to.”