ABUJA, Nigeria (VOICE OF NAIJA)- The Nigerian Association of Petroleum Explorationists (NAPE) has praised President Bola Tinubu for appointing a new board for the Nigerian National Petroleum Company Limited (NNPCL), describing the move as a bold step toward enhancing efficiency, transparency, and profitability in the oil and gas sector.
In a statement signed by NAPE President, Johnbosco Uche and made available on Wednesday, the association highlighted the appointment of Bayo Ojulari as the new Group CEO and Ahmadu Musa Kida as Non-Executive Chairman as a reflection of Tinubu’s commitment to excellence and sectoral growth.
Tinubu had earlier removed NNPCL Chairman Pius Akinyelure and Group Chief Executive Officer Mele Kyari in the leadership shake-up.
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The statement read, “The Nigerian Association of Petroleum Explorationists wishes to express its profound appreciation to President Bola Ahmed Tinubu for the recent appointment of a new Board and Management Team for the Nigerian National Petroleum Company Limited.
“NAPE is delighted to observe that the newly appointed board comprises seasoned professionals, including Austin Avuru, a former President of NAPE who has held esteemed top management positions within the oil and gas industry.
“The new board’s mandate to enhance operational efficiency, restore investor confidence, and increase commercial viability aligns with NAPE’s goals and aspirations for the industry.
“We are confident that the new team will bring the necessary expertise and experience to drive the oil and gas sector forward.”
NAPE also commended Tinubu’s effort to ensure the board reflects Nigeria’s geopolitical diversity, promoting inclusivity and representation.
“Once again, NAPE commends Tinubu for this laudable achievement and pledges its support for the new NNPC Board and Management Team.
We look forward to collaborating with them to achieve the desired growth and development in the oil and gas sector,” the statement added.