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    Home » NNPC’s new board promises 2mbd crude oil production from 2024

    NNPC’s new board promises 2mbd crude oil production from 2024

    December 18, 2023
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    Abuja — The new board of the board and management team of the Nigerian National Petroleum Company Ltd, NNPC, inaugurated on Monday in Abuja, has promised the nation two million barrels of crude oil production per day in 2024.

    Chief Pius Akinyelure is the non-executive chairman of the board while other members include  Malam Mele Kolo Kyari, Group Chief Executive Officer; and Alhaji Umar Isa Ajiya, Chief Financial Officer; Mr Ledum Mitee , non-Executive Director and Mr Musa Tumsa, non-Executive Director.

    Others are Mr Ghali Muhammad, non-Executive Director; Prof. Mustapha Aliyu, non-Executive Director; Mr David Ogbodo, non-Executive Director, and Ms Eunice Thomas, non-Executive Director.

    Speaking to State House Correspondents shortly after the inauguration of the board by President Bola Tinubu, the board chairman, pledged the 2 million barrels daily production starting in 2024 as he also stated that the board would overhaul the security architecture of the NNPC to stop incidents of stealing and vandalism on pipelines.

    According to him, President Tinubu assured the members of the board of his support to enable them discharge their mandate diligently and effectively.

    He said: “We have just concluded our inauguration ceremony with Mr President, and we have assured him of our collective efforts to turn around the fortunes of oil and gas.

    “And to make it a company that we will all be proud of and a company that will help sustain the economy and make sure we create some element of prosperity for Nigerians. He (President) has assured us of his support, and on our part too, we have given him our 100 per cent assurance.

    “We will do the best we can to make sure that the key performance in the oil and gas industry in Nigeria will probably become number one in Africa and probably compete with the leading oil and gas industry around the world.

    “It is not an easy task, but we know we had the challenge of oil theft vandalizing our pipelines. Our commitment is to produce at the rate of two million barrels per day anytime next year,” Akinyelure further stated.

    He added: “To do this, we have to overhaul our security architecture so that the incidences of stealing and vandalisation of pipelines can be reduced. And this will possibly help to keep all our cash books, and we will become a better nation,” Akinyelure said.

    The appointment of the NNPC board and management was announced by the presidency recently through a press statement by Ajuri Ngelale, the Special Adviser to the President on Media and Publicity. According to the statement, the appointment, which was to take effect from December 1, was in compliance with Section 59(2) of the Petroleum Industry Act, 2021.

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