The Nigerian National Petroleum Company (NNPC) Limited says
it has enough supply of petrol, also known as premium motor spirit (PMS), to
last beyond the festive period.
According to a statement released by Olufemi Soneye, chief
corporate communications officer, Mele Kyari, group chief executive officer
(GCEO) of the company, spoke on Wednesday during a courtesy visit to Godswill
Akpabio, senate president, at the national assembly.
Kyari said it was important to assure Nigerians that there
is an adequate supply of petrol to ensure maximum national security.
“By the creation of the National Assembly, NNPC Ltd. is saddled with the responsibility of guaranteeing Nigeria’s energy security which is critical to national security,” Soneye quoted the GCEO as saying.
“We have made a robust plan for the forthcoming
end-of-the-year festivities and beyond. We do not see any shortages in the
petroleum products supply for the period.”
Kyari further lauded the national assembly for the critical
role it played in the enactment of the Petroleum Industry Act (PIA) 2021.
He said NNPC Ltd’s profitability margins have significantly
risen, growing from a loss position of N803 billion in 2018 to a profit
position of N674 billion in 2021 as a result of the passage of the act.
The GCEO added that NNPC Ltd. is targeting a profit increase
of N2 trillion when the 2022 audited financial statements (AFS) are released,
adding that the company commenced payments of dividends to shareholders in
July.
Kyari also said the company is investing in several gas and
power projects across the country, aimed at supporting the federal government’s
power generation and industrialisation aspirations.
He added that the corporation is working to revamp local
refining of petroleum products and collaborating with indigenous refiners to
ensure that Nigeria becomes a net exporter of petroleum products.
In his response, Akpabio lauded the company for its
commitment to ensuring adequate petroleum products supply during the
festivities.
“Nigerians always
want to hear good news. We are glad that you have made robust plans to provide
sufficient product supply this coming festive period and beyond,” Akpabio said.
The senate president also assured the GCEO of the national
assembly’s support, saying the company’s goals are in line with President Bola
Tinubu’s “renewed hope agenda”.
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com