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The Nigerian Association of Petroleum Explorationists (NAPE) has praised President Bola Tinubu’s recent reshuffle of the Nigerian National Petroleum Company (NNPCp) board, describing it as a strategic and bold move. The reshuffle, which was announced recently, saw the appointment of new board members and the reassignment of existing ones
In a statement, NAPE’s President, expressed the association’s support for the reshuffle, stating that it was a necessary step towards repositioning the NNPC for greater efficiency and effectiveness. “We commend President Tinubu for taking this bold step, which demonstrates his commitment to reforming the oil and gas sector,” the statement read.
The NNPC is Nigeria’s state-owned oil company, responsible for the exploration, production, and distribution of petroleum products. The company has faced several challenges in recent years, including declining oil production, corruption, and inefficiency. The reshuffle of the board is seen as a key step towards addressing these challenges and repositioning the company for success.
The new board members appointed by President Tinubu include experienced professionals with expertise in the oil and gas sector. They are expected to bring fresh perspectives and ideas to the company, helping to drive its growth and development.
The reshuffle of the NNPC board is part of a broader effort by the Federal Government to reform the oil and gas sector. The government has announced plans to increase transparency and accountability in the sector, as well as to promote greater efficiency and effectiveness.
The reforms in the oil and gas sector are expected to have a positive impact on the Nigerian economy. The sector is a key driver of economic growth, and the reforms are expected to help increase oil production, reduce corruption, and promote greater efficiency and effectiveness.
The Nigerian Association of Petroleum Explorationists (NAPE) has commended President Bola Tinubu’s recent reshuffle of the Nigerian National Petroleum Company (NNPC) board, describing it as a strategic and bold move. The reshuffle is seen as a key step towards repositioning the NNPC for greater efficiency and effectiveness, and is part of a broader effort by the Federal Government to reform the oil and gas sector.