Tinubu also warned that conducts suggesting a sense of entitlement will not be tolerated, and that the board could be dissolved over non-performance without prior notice to members.
President Bola Tinubu has warned the members of the Board of the Nigerian National Petroleum Company Limited that they will be sacked if they do not perform.
He gave the warning on Monday.
Tinubu also warned that conducts suggesting a sense of entitlement will not be tolerated, and that the board could be dissolved over non-performance without prior notice to members.
“But you could be suddenly dissolved if there is no sustained excellence in performance,” Tinubu said when he inaugurated the Board of the NNPCL at the State House, Abuja.
The Special Adviser to the President on Media and Publicity, Ajuri Ngelale, revealed this in a statement he signed Monday titled President Tinubu to NNPCL Board: non-performance will not be tolerated.’
Tinubu promised to optimise Nigeria’s security architecture to improve the performance of the board.
“The challenge is corporate governance. Yes, we will improve the security situation. We are working very hard.
“Sincerely, the Chief Executive Office, Kyari, is doing very well, and doing all that I know.
“It is my honour to inaugurate this Board, which has people of great integrity. I am honoured that we are doing this. I recognise all of you,’’ he said.
Tinubu said the board must prioritise corporate social responsibility for the Niger Delta people, considering the devastating effects of oil exploration and exploitation on the environment.
He said, “Niger Delta must be seen as the goose that lays the golden egg, and we must treat that region with the deserved respect and care.
“It is not asking for too much to ensure quality and constant water supply, schools, medical facilities, and roads. It is not about us. It is about the well-being of the entire country and the lifeblood of the nation.
“We should care more about the environment. We will do more for security to minimise stealing and vandalism.”
The President directed that more attention should be given to gas as Nigeria transitions to cleaner energy, saying, “We need to show that we are committed to the welfare of our country.”
He added, “Take a look at the Petroleum Industry Act, and know what the pitfalls are. The Cabinet members and Board should decide what we can do differently for production increase, profitability, and governance. It is in your hands. I will work with you.”
In his remarks, the Chairman of the Board, Pius Akinyelure, commended the President for the removal of petrol subsidy, noting that the nation would have drowned in debt, but for his decisiveness.
“Our focus is to increase production. We must address the problem of stealing and pipeline vandalization in the Niger Delta. We are aware of the efforts in the past, but we will do more,’’ he said.