A body, Pan Nigerian Oil and Gas Stakeholders on Wednesday lauded President Bola Tinubu for reconstituting the board and appointing new leadership.for the Nigerian National Petroleum Company (NNPC) Limited.

The stakeholders gave the commendation in a,  statement by  concerned industry key player on behalf of the Pan Nigerian Oil and Gas Stakeholders, Engr. Raphael Ajuri.

According to the statement,with the reconstitution of the board,  President Tinubu has taking a significant step towards reforming the NNPC, 

Describing President Tinubu as a great leader with the courage to do the unthinkable, Engr Ajuri said“this is the first time in the nation’s history that a President will hands down a marching order and clear-cut target for the board with a view of making Nigeria recover its lost grounds in the sector”.

” This is indeed an era of “Renewed Hope” as this latest development would spur the nation to achieve many of the eluded decades of expansive growth in the nation’s economy and that the President’s move aims to enhance operational efficiency, restore investor confidence, and drive economic growth in the oil sector”, he said. 

Engr Ajuri added, ” Tinubu’s administration also aims to boost gas production, elevate NNPC’s share of crude oil refining output, and attract significant investments to the sector”.

He stressed that the Industry stakeholders expect the new board to “Enhance transparency and accountability; Ensure that NNPC’s operations are transparent, and decisions are made in the best interest of the nation

Engr Ajuri urged that the federal government should also expect the new board to build strong relationships with international oil companies, local stakeholders, and communities to drive growth and development. 

“The board should Increase the participation of Nigerian companies and professionals in the oil and gas sector to create jobs and stimulate economic growth while at the same time, Implement sustainable practices and mitigate the environmental impact of oil and gas operations”

He noted further ” on the overall, “President Tinubu’s reforms and the new board’s leadership are expected to revitalize the oil sector, drive economic growth, and improve the lives of Nigerians”.