Restructuring of NNPCL board will eliminate inefficiencies, says Iyawe
Lawmaker representing Oredo Federal constituency in Edo State, Hon Esosa Iyawe, has said that President Bola Tinubu’s timely and strategic reconstitution of the board of the Nigerian National Petroleum Corporation (NNPC) will help eliminate inefficiencies in the government run company.
Iyawe, an engineer-turned-politician, said the move by Tinubu signifies his agenda to transform the energy sector for the country’s long term gains.
The lawmaker highlighted the restructuring of the NNPC board by the President will boost investment in the sector and engender diversification of the market.
“I wholeheartedly commend President Bola Ahmed Tinubu for his timely and strategic decision to restructure the leadership of the Nigerian National Petroleum Company (NNPC). This bold move reflects a deep commitment to reform, transparency, and long-term sustainability in Nigeria’s energy sector,” he said in a statement signed by him.
“The reshuffling is a clear step towards enhancing operational efficiency, restoring investor confidence, and driving the diversification of our gas market. These are essential pillars for economic growth and energy security.
“With the President’s ambitious targets of increasing national oil production by 200,000 barrels per day by 2027 and 500,000 barrels per day by 2030, the newly reconstituted leadership is well positioned to drive meaningful change and significantly improve the NNPC’s contribution to national development”, added Iyawe.
Continuing, the federal lawmaker said: “To the newly appointed NNPC leadership, this is not just a call to duty, it is a historic opportunity to reset the trajectory of Nigeria’s oil and gas industry. Nigerians are looking to you to embrace innovation, uphold transparency, and ensure that the nation’s vast energy resources translate into tangible benefits for all citizens.
“You are entrusted with a responsibility that goes beyond numbers and statistics, it is about rebuilding trust, promoting value for money, eliminating inefficiencies, and creating a resilient energy sector that supports job creation and national prosperity. Your success will be a defining legacy for this administration and a cornerstone for Nigeria’s economic revival.”
