• Latest
  • Trending
  • All
NNPC’s Problems Go Beyond Kyari, Need Systemic Solutions – Reuben Abati

NNPC’s Problems Go Beyond Kyari, Need Systemic Solutions – Reuben Abati

August 5, 2024
Oyo Assembly Appoints Three New Deputy Clerks

Oyo Assembly Urges Govt to Honor Lere Paimo, Other Yoruba Theatre Legends

May 14, 2025
Amofin Beulah Celebrates Shina Peller On Birthday, Lauds His Legacy, Entrepreneurship

Amofin Beulah Celebrates Shina Peller On Birthday, Lauds His Legacy, Entrepreneurship

May 14, 2025
Makinde Promises Befitting Flyover In Ogbomoso, Commissions LAUTECH’s High Dependency Unit

Bodija Explosion: Oyo Govt Approves ₦4.5 Billion for Victims as Makinde Explains Cabinet Reshuffle

May 14, 2025
Oyo Govt Sets For 2nd Phase Of Polio Vaccination Exercise For Children

Oyo Govt Launches Export-ready Food Products, Inaugurates New Board of Cooperative Exporters

May 14, 2025
Oyo Assembly Appoints Three New Deputy Clerks

Oyo Assembly Wants Trailer Parks Resuscitated to Boost Economy, Safety

May 14, 2025
Nat’l Sports Festival: Makinde Receives Torch of Unity, Pledges to Reward Athletes

Nat’l Sports Festival: Makinde Receives Torch of Unity, Pledges to Reward Athletes

May 13, 2025
DAKA Foundation Congratulates CEO, Abidikugu Over Award By CCII, Hails Ibadan Socio-Cultural Group

DAKA Foundation Congratulates CEO, Abidikugu Over Award By CCII, Hails Ibadan Socio-Cultural Group

May 13, 2025
Oyo Assembly Appoints Three New Deputy Clerks

Hotels Are Increasingly Being Used By Fraudsters – Oyo Assembly Seeks Tighter Security Measures

May 13, 2025
Healthcare: We Are Ready To Share Oyo’s Template With FG – Makinde Launches Omituntun Medical Mission

Healthcare: We Are Ready To Share Oyo’s Template With FG – Makinde Launches Omituntun Medical Mission

May 13, 2025
Industrialising Oyo State: The Path To Sustainable Progress (1) | Amofin Beulah Adeoye

Industrialising Oyo State: Empowering The Future – Series 6 By Amofin Beulah Adeoye

May 13, 2025
UI Holds Virtual Matriculation Ceremony For 3,749 Students

UI Shines As Two Students Win French Embassy’s ‘Get Creative With Plastic’ Challenge

May 13, 2025
Babalaje Of Ogbomoso Football Competition Ends As Romeo FC Emerge Winner

Babalaje Of Ogbomoso Football Competition Ends As Romeo FC Emerge Winner

May 12, 2025
">
  • InsideOyo
  • Contact Us
  • About Us
  • Privacy Policy
  • Submit A Story
  • Advertise with us
  • Support Us Today
Wednesday, May 14, 2025
  • Login
  • Home
  • Political News
    • #OyoDecides – Oyo Elections 2023 I Live Updates
  • General News
  • Special Reports
  • Oyo Campus Gist
  • Jobs
  • Opinion
  • Interview
No Result
View All Result
No Result
View All Result
">
">

NNPC’s Problems Go Beyond Kyari, Need Systemic Solutions – Reuben Abati

...Carpets Reps Members Over Call For Sack

by Olayi Abide
August 5, 2024
in General News
0
NNPC’s Problems Go Beyond Kyari, Need Systemic Solutions – Reuben Abati
">

Dr. Rueben Abati, a veteran journalist and former Senior Adviser on Media and Publicity to former President Goodluck Jonathan, on Monday, dismissed call by a fragment of the House of Representatives to sack the Chief Executive Officer of the Nigerian National Petroleum Company (NNPC), Mallam Mele Kyari.

Abati, the lead anchor in the popular Arise TV breakfast talk show, Morning Show, described the call as “unfair, wrong, and unreasonable, nothing that it is wrong for the legislators to ascribe the problem of the Nigerian Oil & Gas industry to just one man.

RelatedPosts

Oyo Govt Launches Export-ready Food Products, Inaugurates New Board of Cooperative Exporters

Olubadan Suspends Two Mogajis Over Land Grabbing

Mogaji Eegunjenmi Congratulates Dotun Sanusi on Elevation to Ajia Olubadan

">
ADVERTISEMENT

He argued that the NNPC CEO is not the root cause of the problems plaguing the petroleum industry explaing that the sector is plagued by deeper structural issues that have been ignored for decades.

“The problem with the oil and gas industry in Nigeria is not Mele Kyari. The problem is the way we have run our affairs as a country. Leadership is what is required to address these issues, not crucifying an individual.”

While pointing out that the industry’s challenges have been evident since the 70s, yet successive governments have failed to tackle them, He praised Kyari for making efforts to solve the problems and should be given the chance to operate.

ADVERTISEMENT

Speaking further, Abati criticized the sponsored advertisements by a fragment of House of Representatives members, clamoring for Kyari’s sack.

“I think the bigger story is that we have seen some people in the media saying Kyari is the problem with the Nigeria Oil and Gas industry.

“We have seen people put up an advertisement for and against the sack of Mele Kyari. No, Mele Kyari is not the problem.

“There are fundamental issues with the Oil and Gas industry in Nigeria, which has been there since the 70s and no government has been able to address it.

“So, it is not about crucifying an individual. What Kyari, in my own understanding, is trying to do is to make an effortto solve the problem. But to assume that one man is the cause of the problem will be very unfair, wrong and unreasonable way to go.

“So, the members of the National Assembly who are saying they want to take Kyari’s head, no, they have their own heads in the wrong place. He is not the cause of the problem.”

Abati, however, emphasized that the focus should be on addressing the systemic issues rather than blaming individuals, saying “Nigeria, and the way we have run our affairs so far, is the problem. Leadership is what is required. So, the ball is back in the court of the leaders.”

Since the Petroleum Industry Act  came into force leading to the creation of the NNPCL about two years ago, the company has grown in leaps and bounds.

NNPCL, as presently structured, has broken new grounds in the two years it has been in existence as the management of the company under the leadership of Mele Kyari has steered the company away from the unprofitable ways of doing business to a more transparent and financial prudent means of administering the entity  in line with global best practices.

In addition to a plethora of successes actors it’s business value chain, NNPCL has received flowers for its  success and renewed vigour in the execution of the gas commercialization progamme aimed at leveraging the nation’s enormous gas resources to promote industrialization and boost revenues.

Another key stride recorded by NNPCL since 2021 has been the reversal of losses the company had been suffering. In 2022 it posted its second consecutive year of ‘profit’ announcing N674.1 billion in the 2021 financial period and growing it from N287 billion in 2020. The figure represented an increase of N387 billion or 134.8 per cent when compared to the previous N287 billion recorded in 2020.

The improvement followed the approval of the 2021 audited financial statements by the Board of the oil company. The NNPCL has progressed to a new performance level from N287bn profit in 2020 to N674bn profit after tax in 2021, moving higher by 134.8% year on year profit growth.

Share this:

  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • Tweet
  • Click to share on Telegram (Opens in new window) Telegram
  • Click to share on Threads (Opens in new window) Threads
  • Click to email a link to a friend (Opens in new window) Email
  • Click to share on Bluesky (Opens in new window) Bluesky

Like this:

Like Loading...
">
Previous Post

LG Autonomy: Don’t Let Makinde Push You To Jail – Oyo APC Warns LG Chairmen

Next Post

UI Students, Others Receive Tinubu’s N20,000 Monthly Stipends

Olayi Abide

Olayi Abide

Related Posts

Oyo Govt Sets For 2nd Phase Of Polio Vaccination Exercise For Children

Oyo Govt Launches Export-ready Food Products, Inaugurates New Board of Cooperative Exporters

by Adebola Sanmi
May 14, 2025
0

The Oyo State Government has launched export-ready, value-added food products aimed at boosting agro-industrialization and expanding the state’s footprint in...

Olubadan Advisory Council Reinstates Mogaji Akinsola After Series of Appeals

Olubadan Suspends Two Mogajis Over Land Grabbing

by Jamaz
May 9, 2025
0

His Imperial Majesty Oba (Dr) Akinloye Owolabi Olakulehin (Ige Olakulehin 1 ), the Olubadan of Ibadanland has suspended two Mogajis...

Mogaji Eegunjenmi Congratulates Dotun Sanusi on Elevation to Ajia Olubadan

Mogaji Eegunjenmi Congratulates Dotun Sanusi on Elevation to Ajia Olubadan

by Deji Moore
May 9, 2025
0

Chairman of Euro Lounge, Suites and Exclusive Bar and Mogaji of Eegunjenmi Family of Itutaba Oje, Alhaji Adekunle Busari, on...

FarmKonnect Warns Buyers Against Purchase Of Ibadan Property Under Litigation

Court Documents Reveal Names Involved in Aresa-Adu Case Delay

by Adebola Sanmi
May 8, 2025
0

New court documents have shed light on the recent adjournment of the Aresa-Adu case, revealing the names of individuals allegedly...

Next Post
Democracy Day: Tinubu Acknowledges Economic Hardship, Promises Better Future

UI Students, Others Receive Tinubu's N20,000 Monthly Stipends

Please login to join discussion

Are YOU in distress? Call Oyo State Emergency Number NOW!!!

oyo State Emergency Number

Click to download InsideOyo.com App

Join Our WhatsApp Group

Copyright © 2025 Inside Media

Navigate Site

  • InsideOyo
  • Contact Us
  • About Us
  • Privacy Policy
  • Submit A Story
  • Advertise with us
  • Support Us Today

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Political News
    • #OyoDecides – Oyo Elections 2023 I Live Updates
  • General News
  • Special Reports
  • Oyo Campus Gist
  • Jobs
  • Opinion
  • Interview

Copyright © 2025 Inside Media

%d