Mkpoikana Udoma
Port Harcourt — The Nigerian National Petroleum Company Limited, NNPC Ltd., and the Central Bank of Nigeria, CBN, have opened a new front in national economic coordination, with both institutions agreeing to deepen collaboration aimed at stabilising the economy and strengthening key revenue-generating sectors.
During a courtesy visit to the NNPC Towers in Abuja on Monday, NNPC Ltd.’s Group Chief Executive Officer, Engr. Bashir Bayo Ojulari, received the CBN Governor, Olayemi Cardoso, for strategic discussions on aligning fiscal and energy-sector priorities.
Ojulari said NNPC Ltd. recognises that economic recovery hinges on strong institutional partnerships, stressing that the company is committed to improving operational efficiency across the entire energy value chain.
“We firmly believe that sustainable progress is rooted in collaboration. Strengthening synergies with institutions like the CBN is essential to advancing Nigeria’s economic growth and development,” he stated.
He added that NNPC Ltd. is prepared to work closely with the apex bank to ensure that policies affecting the petroleum sector translate to measurable national benefits, particularly in the areas of foreign exchange stability, energy security, and investment flow.
CBN Governor Olayemi Cardoso acknowledged the pivotal role NNPCL plays in driving the fundamentals of Nigeria’s economic stability.
According to him, deeper collaboration between the two institutions would create the momentum needed for broad-based national growth.
“The CBN recognises NNPC Ltd.’s critical contribution to Nigeria’s economic foundation. Enhanced cooperation will certainly provide the quantum leap required for national development,” Cardoso said.
He emphasised that the central bank is ready to work with NNPC to improve macroeconomic conditions, support reform implementation, and boost investor confidence in the energy sector.
