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Tag: NNPCL

  • Court dismisses NNPCL’s objection to Dangote Refinery’s suit on import licence

    Court dismisses NNPCL’s objection to Dangote Refinery’s suit on import licence

    • Rejects FCCPC’s request to be made a party

    A Federal High Court in Abuja has dismissed the objection raised by the Nigerian National Petroleum Company Limited (NNPCL) against the competence of a suit filed by Dangote Petroleum Refinery and Petrochemicals FZE (Dangote Refinery).

    Dangote is seeking to void the licences issued by the Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to some oil marketing companies to import refined petroleum products.

    In its objection, the NNPCL challenged the jurisdiction of the court to hear the suit and urged the court to strike out its name from the suit on the grounds that it was not properly identified by the plaintiff.

    It argued that the name, “Nigerian National Petroleum Company Limited,” being its registered name with the Corporate Affairs Commission (CAC), is not the one and the same entity the second defendant sued but the “Nigerian National Petroleum Corporation”.

    Read Also: Fed Govt to attract private sector investment in infrastructure

    Ruling yesterday, Justice Inyang Ekwo held that NNPCL’s objection was incompetent as it was filed in violation of Order 29 of the Federal High Court Civil Procedure Rules (FHCCPR), 2019.

    Justice Ekwo also held that the NNPCL ought to have filed a defence in the form of a counter-affidavit to the plaintiff’s suit before raising an objection.

    The judge averred that under the procedure in lieu of demurrer, any party is entitled to raise, by his pleading, any point of law, and that any point so raised may be disposed of by the trial court at trial or after the trial.

    He explained that where a defendant seeks to challenge the jurisdiction of the court, it is the provision of Order 29 of the Federal High Court Civil Procedure Rules (FHCCPR), 2019, that would be applicable.

    Justice Ekwo added that the NNPCL failed to comply with the provision.

    The judge held that the NNPCL, having not complied with the provisions of the FHCCPR 2019 could not be said to have filed a competent preliminary objection.

  • PDP, CBN, INEC, NUC, NNPCL, others lose plots of land in Abuja

    PDP, CBN, INEC, NUC, NNPCL, others lose plots of land in Abuja

    • FCT: No going back on revocation of 4,794 properties

    Titles of landed properties belonging to the Peoples Democratic Party (PDP), Central Bank of Nigeria (CBN) and the Independent National Electoral Commission (INEC) were among 4, 794 revoked by the Federal Capital Territory (FCT) Minister Nyesom Wike, it was learnt yesterday.

    The titles were revoked over non-payment of ground rent, in some cases, for over 40 years.

    Those of the Nigerian National Petroleum Company Limited (NNPC), CONOIL Plc, Borno State Government, Nigerian Television Authority (NTA), Niger Delta Development Commission (NDDC), National Universities Commission (NUC), M.R.S Investment Company Limited (owners of MRS Petrol Stations) and Kaduna State Government were also revoked.

    Others affected are the Nigerian Port Authority (NPA), News Agency of Nigeria (NAN), Federal Ministry of Environment, Nigerian Security Printing and Minting Company, University of Calabar, Nigerian Postal Service and Power Holding Company of Nigeria (PHCN), among others.

    In the Central Area, Garki I and II, Wuse I and II, Asokoro, Maitama and Guzape, 8,375 property owners have not paid ground rent in the last 43 years.

    Wike’s spokesman Lere Olayinka and Federal Capital Territory Administration (FCTA) Director of Lands, Chijioke Nwankwoeze, briefed reporters on the revocations on Monday.

    “The FCTA made numerous publications in national newspapers and announcements on broadcast media since 2023, calling on defaulters to pay up all outstanding bills and ground rents.

    “All these yielded little responses, as several allottees failed to pay,” the officials said.

    “This is in contravention of the terms and conditions of grant of the rights of Occupancy, in line with the provisions of Section 28, Subsections 5(a) and (b) of the Land Use Act.

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    “Consequently, the titles of the properties in default of payment of Ground Rent for 10 years and above have been revoked forthwith.

    “A grace of 21 days is also given to title holders that are in default of payment of Ground Rent for between one and ten years, after which the affected titles will be revoked.”

    PDP angered

    The action angered the PDP.

    In January 2022, the party leadership contemplated occupying three floors of the building (then under construction) in the Central Area of Abuja, and rent out the rest.

    While many had assumed that only the New PDP Secretariat building was affected, PDP National Publicity Secretary, Mr. Debo Ologunagba, told reporters that the Wadata Plaza national secretariat was also affected.

    Ologunagba said the PDP would challenge the revocation in court.

    “To let you know how despicable this action is, it is both properties: both the new one under construction and the one the PDP has been occupying for almost two decades – the Wadata Plaza.

    “It is an attempt to stifle opposition: the attempt by the All Progressives Congress government to revoke the Right of Occupancy of the National Secretariat of the PDP is highly condemnable.

    “It is aimed at stifling opposition in this country and of course a drive towards totalitarianism and it is a threat to democracy.

    “The PDP National Working Committee (NWC) now is meeting and I will get back to you shortly with a detailed response of our party to this development,” Ologunagba said.

  • NMDPRA, NNPCL, Customs deny  petrol export to Niger Republic

    NMDPRA, NNPCL, Customs deny  petrol export to Niger Republic

    Amid speculations that Nigeria exported 300 trucks of the Premium Motor Spirit (PMS) to the Niger Republic, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Nigerian National Petroleum Company Limited (NNPCL)  and  Nigeria Customs Service (NCS)  said yesterday they were oblivious of the development.

    NMDPRA’s Head of  Public Affairs George Ene-Ita, NNPCL’s Chief Corporate Communications Officer,  Olufemi Soneye and NCS’  Head of  Public Affairs Abdullahi Maiwada, made the denial when contacted by The Nation.

    “There are no records from any of our storage depots in the coastal areas or receiving depots further inland to show that any petroleum products have been supplied to Niger Republic,”  Ene- Ita,  said in a text message.

     While Maiwada also said Customs  has “ no record of any export of petrol to the Niger Republic,’’  Soneye simply replied: “I’m not aware.” 

    Read Also: How economic predators ganged up against Tinubu over fuel subsidy removal, by Bamidele

    A top source in Customs, a Federal Government agency, in charge of excise on export and import, said there was no way 300 trucks would cross any Nigerian border without being detected.

    ‘’How can 300 trucks laden with petrol pass through our borders without being seen? It is simply impossible,’’ he said.

    The source added that since sanction was imposed on the Niger Republic by the Economic Community of West Africa State (ECOWAS), Customs beefed up surveillance of all its borders with Nigeria.  

    ECOWAS  slammed the sanction after Presidential Guard Commander Abdourahamane Tchiani, who proclaimed himself leader of the country in July 2023,   declined to reinstate the government of President Mohamed Bazoum.

    The Nation had earlier gathered that the Ministry of Petroleum Resources (Oil) has been trying to confirm the news of the export from the NMDPRA since it broke on Saturday.

    It was also learnt that the agency’s  Chief Executive, Engr. Farouk Ahmed,  who would have spoken with the ministry has been on the lesser Hajj in Saudi Arabia.

      Oil Marketing Companies (OMCs) that the ministry reached out to confirm the deal said they were unaware of it.

    It was also gathered from an industry source that the OMCs saw the reported export as a deal that would open a business window for them.  

  • Progressives warn NNPCL against reversing Tinubu’s economic goals on local refineries

    Progressives warn NNPCL against reversing Tinubu’s economic goals on local refineries

    The Conference of Progressive Nigerians (CPN) has warned the Nigerian National Petroleum Company Limited’s (NNPCL) not to suspend the naira-for-crude oil swap deal with domestic refiners.

    The move, according to the CPN, would amount to a blatant attempt to undermine the economic goals of President Bola Ahmed Tinubu’s administration and sabotage the growth of local refineries.

    Speaking at a briefing in Abuja, convener Dr. Emmanuel Agabi described the NNPCL’s proposed action as a “unforgivable betrayal” of Nigeria’s economic sovereignty.

    Agabi questioned the timing and implications of the proposal, citing reports that Nigeria’s crude output has increased since the inception of the deal.

    The CPN warned that the suspension of the deal would have far-reaching consequences, including plunging Nigeria’s forex reserves into further distress, exacerbating the precarious state of the naira, and forcing local refineries to purchase crude oil from international suppliers in dollars.

    This, they argued, would lead to skyrocketing petroleum prices and inflict severe hardship on Nigerians.

    The group accused the NNPCL of prioritising its selfish interests over the collective good of the nation and acting in cahoots with external forces to destabilise the oil and gas sector.

    They demanded that the Federal Government initiate a full-scale probe into the activities of the NNPCL and hold those responsible for the proposed suspension of the naira-for-crude deal accountable for their actions.

    Read Also: NNPCL supplied 48mb to Dangote in naira for six months

    The CPN emphasised that Nigeria’s local refineries are competent and capable of meeting domestic demands if given the necessary support.

    They urged the Federal Government to investigate allegations of corruption and collusion within the NNPCL and to take immediate action to reverse the suspension of the naira-for-crude deal.

    The group said: 

    “We urge you to retrace your steps and prioritiae the interests of the nation over your selfish gains. Failure to do so will undoubtedly lead to dire consequences.

    “Finally, the NNPCL must understand that it is a national institution, not a private cartel. Its duty is to serve Nigeria, not to sabotage it. The time for accountability is now!

    “We demand transparency, we demand justice, and we demand the immediate reinstatement of the naira-for-crude deal. Together, we can ensure that our local refineries thrive, our economy prospers, and our nation achieves the greatness it deserves.”

  • NNPCL, First E & P JV hit goldmine in OML 85

    NNPCL, First E & P JV hit goldmine in OML 85

    The Nigerian National Petroleum Company Limited (NNPC Limited) and FIRST Exploration & Petroleum Development Company Limited (FIRST E&P) Joint Venture (JV) have confirmed a significant hydrocarbon discovery in the Songhai Field, located in OML 85, in Bayelsa State.

    The well was spudded on November 18, 2024, as part of efforts to increase and sustain the JV’s oil production over the next five years. It was successfully drilled to a total depth of 8,883 feet Measured Depth (MD) in 30 meters of water.

    The well encountered hydrocarbons across eight reservoirs, logging over 1,000 feet of hydrocarbon-bearing sands, most of which exhibit excellent reservoir properties.

    Preliminary analysis indicates substantial oil and gas volumes, reinforcing the field’s commercial potential. Further evaluations, including formation testing and well data integration, it was gathered, will be conducted to refine resource estimates and optimize field development plans.

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    The General Manager, Exploration and Development at FIRST E&P, Segun Owolabi,  described it as a major milestone in the JV’s efforts to maximize the potential of its assets.

    “This discovery marks a major milestone in our efforts to unlock the full potential of our assets. The success at Songhai Field underscores the effectiveness of our exploration strategy and our commitment to delivering sustainable value to all stakeholders,” Owolabi stated.

    NNPC Limited, as the majority partner in the JV, also emphasised the strategic importance of the discovery in supporting Nigeria’s production growth and cost optimization targets.

    The Chief Upstream Investment Officer of NUIMS, Seyi Omotowa, an engineer, noted that the success at Songhai Field aligns with NNPC Limited’s broader upstream objectives.

    “This aligns with NNPC Limited’s mandate to drive production growth and cost optimization. The success at Songhai Field reflects our commitment to strategic partnerships, advanced technology, and efficient operations to maximise Nigeria’s hydrocarbon potential sustainably,” he said.

    The discovery also highlights the role of strategic collaboration in expanding Nigeria’s hydrocarbon reserves.

    Commenting on this, NNPC Limited’s Group Chief Executive Officer, Mallam Mele Kyari, reaffirmed the company’s commitment to efficiency and long-term value creation.

    “This discovery reaffirms the potential of Nigeria’s offshore assets and the importance of collaboration in boosting reserves and production. NNPC Limited remains committed to driving efficiency and long-term value creation for the nation,” Kyari stated.

    Currently, the JV maintains a steady daily production of approximately 57,000 barrels of oil per day (bopd) from its OML 83 and 85 assets. The new discovery in Songhai Field is expected to further enhance production and contribute to Nigeria’s energy security.

  • NNPCL briefs MOFI on operations, investments

    NNPCL briefs MOFI on operations, investments

    The Nigerian National Petroleum Company Limited (NNPCL) has provided the Ministry of Finance Incorporated (MOFI) with an update on its latest developments, focusing on operations and investments.

    The briefing, led by NNPCL’s Group Chief Executive Officer (GCEO), Mr. Mele Kyari, covered key innovations and strategic initiatives aimed at optimizing assets, ensuring operational sustainability, and achieving core targets.

    A statement from MOFI confirmed that the discussions revolved around enhancing the efficiency of NNPCL’s operations while aligning with the Federal Government’s broader economic and financial objectives.

    “Some recent developments in NNPCL’s operations were central to the presentation. These include the restart of operations in Warri and Port Harcourt refineries, the Naira payment of crude for local refineries, and major competition issues as it pertains the Dangote Refinery” the statement read.

    MOFI expects that as NNPCL’s local refining resuscitation efforts, and market competition strategy continue, “sustaining the gains and improving performance will be key.”

    The engagement is part of MOFI’s supervisory role over its portfolio companies, ensuring they operate effectively and contribute to national economic growth.

    As one of MOFI’s key portfolio companies, NNPCL’s operational review was presented to MOFI’s Board and Management as part of ongoing oversight efforts.

    MOFI’s mandate includes optimizing the Federal Government’s assets through structured supervision, ensuring portfolio companies remain focused on their strategic goals.

    Read Also: ‘NNPCL/Dangote price war good for Nigerians’

    Through sustained monitoring, “MOFI provides strategic guidance to its companies, helping them maintain steady growth in line with the Federal Government’s economic vision.”

    During the meeting, both organizations pledged their commitment to working together to achieve the objectives set by President Bola Tinubu’s administration for MOFI and NNPCL. The collaboration is expected to strengthen Nigeria’s petroleum sector, drive efficiency, and enhance the economic value of national assets.

    The MOFI delegation led by its Board Chairman, Dr. Shamsuddeen Usman, alongside the Managing Director and Chief Executive Officer, Dr. Armstrong Takang at the discussions showed MOFI’s determination to ensure that government-owned enterprises maximize their potential and deliver value to the nation.

  • Allow local refineries to survive, group urges NNPCL, NMDPRA

    Allow local refineries to survive, group urges NNPCL, NMDPRA

    …says crude oil must not be withheld from Dangote, others 

    Conference of Energy & Finance Consultants (CEFC), a group known for championing integrity, quality delivery and financial management among energy consultants, has called on the major oil regulatory agencies in Nigeria to allow local refineries function smoothly.

    The group specifically urged the Group Chief Executive Officer (GCEO) of Nigeria National Petroleum Company Limited (NNPCL), Mallam Mele Kyari, and the CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr. Farouk Ahmed, to encourage local refineries in Nigeria to grow.

    In a statement signed on Thursday by Engr. Anthony Igeriwa, spokesman for the Conference, the group said the call was made in the larger interest of the masses. 

    They argued that, the low importation level in January and February of the first quarter of the year 2025, has helped drastically to reduce corruption amongst the stakeholders in the country.

    “The fuel importation cabal want fuel importation to contine, and hence, they are planning to stop the release of crude oil to the Dangote Refinery and others.

    Read Also: ‘NNPCL/Dangote price war good for Nigerians’

    “The Dangote Petrochemical Refinery in Lagos, is adjudged the largest single and private refinery in Africa, and it is believed that very soon, all the neighbourhood countries and other countries would be exporting the refined fuel from Nigeria.

    “This is largely due to its richness in content and refined quality. The product is not adulterated and the supplies to the independent marketers, retailers and end users is smooth and friendly, unlike what we used to have.

    “This is the kind of things the oil cabals don’t want to see. Those who have held us hostage economically want to see us cry more. They want to see the long queue returned to our fuel stations. They want to see more of our fuel pumps and vehicles damaged by fake fuel.

    “They want the few privileged crooks to continue importing fake products to Nigeria, while they at the regulatory agencies live fat on our anguish. They want the poor to become poorer, leaving only few of them to manipulate our commonwealth. But thank God Dangote has ended their career. The rest will be history by God’s grace”, the statement added.

    The group called on National Assembly to expedite actions on the ongoing probe of the importation of adulterated petroleum products to Nigeria; urging the lawmakers to stand with the masses, by ensuring crude oil is adequately and regularly supplied to Dangote and other local refineries in Nigeria.

  • Experts applaud FG’s heavy investment in cybersecurity infrastructure

    Experts applaud FG’s heavy investment in cybersecurity infrastructure

    Cybersecurity experts have commended the federal government for its substantial investment in cybersecurity infrastructure and skills aimed at protecting Nigeria from cyber threats and disruptions.

    They highlighted key institutions, including the Office of the National Security Adviser (ONSA), the National Information Technology Development Agency (NITDA), the Nigerian National Petroleum Corporation Limited (NNPCL), and the Central Bank of Nigeria (CBN), as leading forces in cybersecurity operations.

    Speaking at a national workshop held at Transcorp Hotel, Abuja, the experts noted that cybercrime has become a global economic powerhouse, reaching an estimated $9 trillion, with approximately 86 billion transactions monitored daily.

    The event, organized by FPG Technology and Solutions in collaboration with Checkpoint Technology, brought together representatives from NNPCL, CBN, NITDA, the Data Protection Commission, and members of the Organized Private Sector (OPS).

    FPG Technology and Solutions CEO, Rex Mafiana, lauded government institutions for their significant investments in Critical National Infrastructure (CNI) and assets, emphasizing the importance of securing Nigeria’s cyberspace.

    Mafiana lamented the increasing rates of cyber attacks across the globe, but expressed delight on measures put in place by the Nigeria government to be far ahead of cybercrooks and cyber criminals. 

    Mafiana who described the cyber threat level in Nigeria as high, said that the workshop was organised to reach out to the public and private sectors on the trends in cybersecurity matters in Africa and Nigeria and the need to mitigate the risks. 

    He advised the public and private sector to establish digital boundaries and borders against cyber attacks, asserting that the security, trust and integrity of critical national infrastructure and assets should never be compromised under no circumstances.

    Read Also: Experts advocate AI-driven security measures at Lagos cybersecurity meetup

    Speaking on how attacks are carried out by cybercrooks and criminals, the Chief Technology Officer for Checkpoints Technology, Mr Issam El-Haddioui explained that cyber criminals target mainly stealing of information, intellectual properties, and financial data amongst others. 

    He said the cyber criminals are motivated by either activism or financial gains, warning that most attacks begin from phishing and identity theft.

    El Haddioui who oversees the operations of Checkpoints Technology in East and West Africa, said government authorities and the private sector should pay close attention to vulnerability level in different environments and adopt seamlessly into technologies capable of checkmating any form of attacks. 

    “Cybersecurity is a journey. It is not something that you do once and forget. You have to constantly upgrade and update. Security is becoming more complex in the cyber space, so it is important that all stakeholders take action and prevent attacks,” El-Haddioui said.  

  • ‘NNPCL/Dangote price war good for Nigerians’

    ‘NNPCL/Dangote price war good for Nigerians’

    An economist, Paul Alaje, says the ongoing price war between the Dangote Refinery and the Nigerian National Petroleum Company (NNPC) Limited will “erode abnormal profit” enjoyed by capitalists.

    “You may want to call it a price war but in economics, when a duopoly fights, it is the best for the populace because they will drive themselves to neutral profits,” Alaje said on a national television yesterday.

    He said Nigerians should be happy there is no agreement between NNPCL and Dangote Refinery. “More of the competition should go on,” the economist said, noting that “if any of them fizzle out, be ready to buy (petrol) at over N1,000 again.”

    On February 26, 2025, the $20bn refinery owned by Africa’s richest man and industrialist Aliko Dangote, slashed ex-depot price of petrol from ₦890 to ₦825 per litre.

    Under the new arrangement, customers purchase the premium commodity at ₦860 per litre at selected outlets in Lagos, ₦870 in the South-West, ₦880 in the North, and ₦890 in the South-South and South-East. Dangote has also reduced the price of diesel in recent times.

    Almost immediately, the NNPCL reduced its retail price from ₦945 to ₦860 in Lagos, with a similar price reduction reflection at NNPCL outlets in other states of the Federation.

    Alaje said the development is good for the pocket of Nigerians. According to him, if the “cartel” agrees, Nigerians are in trouble but the price war is good for the masses.

    He said the price slash of petrol is sustainable, and that it should go below ₦700 per litre.

    Read Also: NNPCL reassures on corporate responsibility

    The economist, however, said NNPCL must produce locally to compete effectively with Dangote Refinery, and not rely on imported products.

    Nigeria, Africa’s most populous nation, faces energy challenges, with all its state-owned refineries non-operational for decades until 2024. The country was heavily reliant on imported refined petroleum products, with the state-run NNPC being the major importer of the essential commodities.

    Fuel queues are commonplace in the country. Prices of petrol more than quadrupled since the removal of subsidy in May 2023 by President Bola Tinubu, from around ₦200/litre to about ₦1000/litre, compounding the woes of the citizens who power their vehicles, and generating sets with petrol, no thanks to decades-long epileptic electricity supply.

    Last December, the billionaire industrialist commenced operations at the facility situated in Lagos with 350,000 barrels a day. The refinery, which was initially bogged by regulatory battles, hopes to achieve its full capacity of 650,000 barrels per day by the end of the year. The refinery has begun the supply of diesel and aviation fuel to marketers in the country and now petrol.

  • NNPCL reassures on corporate responsibility

    NNPCL reassures on corporate responsibility

    The Nigeria National Petroleum Company Limited (NNPCL) has expressed its commitment to adding value to various sectors and communities across Nigeria. Chief Corporate Communications Officer, NNPCL, Olufemi Soneye, said this during a stakeholders’ engagement with the National Assembly Press Corps on Saturday in Abuja.

    Soneye emphasised the vital role of the oil sector in Nigeria’s economic and social development, stressing that NNPCL remains dedicated to not just fueling vehicles but also driving national progress.

    “I’m glad to have you here again at this stakeholder engagement proudly sponsored by NNPC.

    “It is truly heartwarming to see how it has brought us together. At NNPC, we believe in fueling not just vehicles but also meaningful moments like this. Tonight is another night that NNPCL will successfully power laughter and great partnerships,” he said.

    Reaffirming NNPCL’s commitment to national development, Soneye outlined several initiatives that demonstrate the company’s resolve to improve lives across Nigeria.

    He highlighted the efforts of the NNPC Foundation, which has conducted 1,000 free cataract surgeries in the Southwest, restoring sight to many individuals.

    “We are set to perform another 1,000 surgeries in the North and an additional 1,000 in the Southeast and South-South before the end of the second quarter of 2025,” he stated.

    Furthermore, he announced NNPCL’s collaboration with Afreximbank to complete the African Medical Center of Excellence (AMCE), a 500-bed hospital that will specialize in oncology, hematology, cardiology, and advanced medical training for Nigerians.

    “This strategic investment aims to enhance access to specialized healthcare, ensuring that Nigerians receive world-class medical treatment. The AMCE is scheduled to commence operations in June 2025,” Soneye disclosed.

    Read Also: Ministry projects $100b contribution to GDP, 2m jobs, others in 2030

    He also provided updates on the NNPCL Medical Hospital in Abuja, which, in 2024 alone, attended to 122,483 patients.

    The hospital has been instrumental in providing critical care to accident victims and offering essential medical services, including radiology, physiotherapy, maternity care, dental and eye treatments, and life-saving surgeries.

    “Across Nigeria, NNPC hospitals continue to play a pivotal role in improving healthcare access and saving lives. This is a direct demonstration of how NNPC is utilizing oil revenues to positively impact the lives of Nigerians on a daily basis,” he said.

    Soneye highlighted the importance of oil beyond its commercial value, describing it as the backbone of Nigeria’s economic growth, industrialization, and social progress.

    He noted that the energy sector remains a major employer, generating opportunities for millions of Nigerians, from exploration fields to refining plants and beyond.

    “For nations like Nigeria, oil is more than just a commodity; it fuels transportation, powers industries, and generates revenues that support national development.

    “Beyond its contribution to the macroeconomy, oil plays an integral role in our daily lives, often in ways we take for granted” he said.

    According to him, oil provides the energy that lights homes, fuels transportation systems, and serves as the foundation for critical industries such as plastics, pharmaceuticals, and agriculture.

    “Without oil, modern life as we know it would be vastly different,” he added.

    Soneye reaffirmed NNPCL’s commitment to ensuring energy accessibility, economic stability, and fostering global partnerships that strengthen the oil industry for the benefit of Nigerians.

    He emphasized that the company is determined to harness the nation’s oil resources efficiently while aligning with global best practices in environmental sustainability and energy efficiency.

    “At NNPC Ltd., we remain committed to ensuring energy accessibility, economic stability, and fostering global partnerships that strengthen the oil industry for the benefit of our people.

    “Our responsibility is to harness this vital resource efficiently while aligning with global best practices in environmental sustainability and energy efficiency,” he said.

    He called for collective efforts in driving policies and innovations that will secure the prosperity of Nigeria, urging all stakeholders to remain committed to national development.

    “Together, we must continue to drive policies and innovations that secure the prosperity of our dear country,” he concluded.

    The event, attended by members of the National Assembly Press Corps, provided an opportunity for discussions on the role of the oil industry in national growth and the impact of NNPCL’s social initiatives.