The Nigerian National Petroleum Company Ltd has been commended for great performance by eminent businessmen and entrepreneurs, Alhaji Aliko Dangote and Mr. Tony Elumelu. LEADERSHIP reports.
According to Dangote, Africa’s richest man, and chairman of Dangote Group, Aliko Dangote, by its sterling performance under its group chief executive Officer, Mele Kyari, NNPC has what it takes to become the African version of Saudi Arabia’s Aramco.Information Guide Nigeria
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Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to CanadaOn his part, Elumelu, who is chairman of Heirs Holding, NNPC deserves oraise for the effort it has made to curb crude oil theft.
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Speaking yesterday at the ongoing 2023 Upstream Investment Management Services Ltd (NUIMS) Annual Value Assurance Review (AVAR) Workshop, with theme, ‘Consolidating for Growth in PIA Era.’ Dangote said that the NNPC can generate billions of dollars in revenue if the right decisions are made.
He said the PIA brought the transformation of NNPC from a government establishment to a commercial entity with no recourse to government funding.
Dangote said NUIMS has a critical role to play in unlocking funding to take advantage of the huge opportunities in the sector as well as to actively manage the investments to repay its loans, generate reasonable returns, and fund investment in new opportunities.NYSC POrtal
He said: “I truly believe that NNPC should be our African Aramco. You have what it takes to take you up there and I am very happy. There is nothing that is impossible. You can make it possible and don’t let anything scare you. It is just the same thing with us. If I tell you about our own story, you will be shocked as to how. It wasn’t only the refinery that we started about six years ago.
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“But then, on the way we had lots of hitches here and there where the devaluation of the currency, Covid, and challenges of infrastructure set in. If you want to do a real project in Nigeria, you have to look at the infrastructure that we have, because the infrastructure we have is not meant for mega projects.
“We need to look at our infrastructure and see how we can take ourselves to the next level and it has to be driven by NNPC because they are the largest conglomerate and whatever happens to NNPCL their assets, it actually happens to us either directly or indirectly.JAMB Result
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