Newsexpress place banner advert Yudala genuine products
Buhari inaugurates NNPC Board, others

By News Express on 18/11/2016

Share on facebook Yahoo mail icon Gmail icon

Views: 368


President Muhammadu Buhari on Friday challenged members of the newly inaugurated boards in the Ministry of Petroleum Resources to ensure decency and transparency in the management of the nation’s oil industry.

The inaugurated boards included the Nigerian National Petroleum Corporation (NNPC), Nigerian Content Development and Monitoring Board (NCDMB) and Nigerian Nuclear Regulatory Authority (NNRA).

Buhari specifically tasked the new boards to ensure that they devise practical strategies aimed at tackling current challenges within the oil industry.

He said the boards, which would be chaired by the Minister of State, Petroleum Resources, Dr Emmanuel Ibe Kachikwu, should advise the minister and the corporations’ management on the most effective ways for Nigeria to get value for money from its assets.

“Oil and gas are the country’s foreign exchange earners. Therefore, the importance of these boards cannot be over emphasised. Your job should be to ensure propriety in management of these most vital national institutions

“You should advise the Minister and the Corporations’ management on the most effective way for Nigeria to get value for money from our assets.

“My expectations from the members of the boards is for them to ensure that NNPC charts a way to face current economic challenges.

“This will involve a careful look at the ongoing reforms designed to steer the corporation to achieve better performance and efficiency,” he said.

Buhari further stressed the need for the new NNPC board to come up with innovative ways of addressing the constraints in funding Joint Venture projects between the corporation and international oil companies as well as other investment issues.

According to him, his administration has introduced transparency in the management of the country’s oil industry through the monthly publishing of operational and financial reports of the NNPC.

The President expressed optimism that with the members’ experience and knowledge, the country’s aspiration in the oil industry would be achieved within a reasonable time frame.

Responding, the Chairman of the inaugurated boards, Kachikwu assured that they would ensure transparency and accountability in running the affairs of the boards. (NAN)

•Photo shows President Buhari.

Source News Express

Posted 18/11/2016 11:15:36 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

 

You may also like...
Boko Haram surrenders 3 more towns to rampaging...

FRSC Speed Limit Device to generate over N40bn...

Runaway Nigerian fraudster bags life in UK for...

Resign or be impeached if you can’t pay...

Bomb blast kills 13 in Bauchi Market, injures...

IGP visits, Agatu, deploys additional units of MOPOL,...

Nationwide fuel scarcity looms as FG, marketers quarrel...

UNICEF seeks more media attention to violence against...

Manufacturers demand review of government policies

Nigeria Police adopts community policing strategies, to convene...

Army Special Forces knock out Boko Haram’s rocket...

Ooni’s transition to be formally announced tomorrow •Stay...

 

Latest News FG approves $470 million for Abuja water project Group warns against unconditional amnesty for ex-Boko Haram terrorists Public schools dumping ground for less-privileged children: NANS BREAKING: Arsenal overcome Chelsea to win FA Cup 34 prisoners get pardon in Cross River Kwara United star slumps, dies All set for musical fireworks to climax Lagos golden jubilee celebrations Yenagoa flood disaster sad and unfortunate: Dickson •Warns against indiscriminate dumping of refuse Alumni association sponsors ultra-modern toilet at FGC Owerri British Airways cancels flights as global IT outage takes toll Amaechi: 52 garlands for an enigma, gallant, resolute and misunderstood democrat Osinbajo jets out to Italy for G7 Summit

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (246,811 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (223,269 views) Shameless Genevieve Nnaji exposes breasts in public (184,980 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (165,478 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (158,604 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (138,541 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (120,987 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (118,281 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (106,315 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (102,659 views) Lagos plane crash: Journalist releases victims’ names (101,351 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (95,567 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (27) Business (2,563) Business Verdict (16) Columnists (685) Complaints & Requests (90) Enterprise & Opportunities (153) Entertainment (323) Features (448) Global Business Monitor (152) International (1,378) Interviews (122) Live Commentary (28) Love Matters (54) News (24,764) Opinion (721) Pidgin (8) Politics (3,701) Religion (535) Sports (1,267) Stock Watch (18) AMA & Al Jazeera Global Update

 

Words on marble

 

UBA Wise Savers Promo

 

Machester United vs Ajax

 

APO Newsbreak logo

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!