Kyari Decries Low Investments In Oil And Gas Industry

The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari has decried the low level of investment in the Nigerian oil and gas industry.

Speaking at the Corporation’s 2021 Budget Defense hearing in abuja, the GMD appealed on the legislators to expedite action on the passage of the Petroleum Industry Bill in order to attract investment to the oil and gas industry to help boost job creation.

Kyari, explained that upon his assumption of office as GMD, he was determined to turn the Corporation around for the benefit of all Nigerians by making it responsible and accountable to the people, adding that Nigeria was capable of meeting the 3 million barrels per day oil production target

He said the courage to publish the 2018 and 2019 Audited Financial Reports of the Corporation was borne out of the support and encouragement given to him by President Muhammadu Buhari and his determination to leave a legacy of openness in NNPC.

The House of Representatives Joint Committees on Petroleum (Upstream, Downstream and Gas) applauded the Nigerian National Petroleum Corporation for breaking new grounds in its commitment to transparency and accountability.

Chairman of the Joint Committees, Hon. Musa Sarki Adar, gave the commendation at a 2021 Budget Defense hearing, which held at the National Assembly Complex, where the Group Managing Director of NNPC, Mallam Mele Kyari, defended the Corporation’s 2021 Budget.

“We have the GMD and his management team here to defend their budget, we appreciate this. We have witnessed what this parliament has never seen before, I stand to be corrected.”

The Chairman, who said he was initially skeptical about the GMD’s TAPE agenda, explained that he was beginning to see its positive impact through the GMD’s performance so far, adding that Kyari has done a lot for the country within a short time.

ENDS