“Perform or Be Sacked”: Tinubu Issues Fresh Directive to Buhari's Appointee, NNPC Board

• President Bola Ahmed Tinubu has inaugurated the NNPC Limited Board led by Chief Pius Akinyelure
• The president emphasised the need for immediate action and warned against under-performance
• Corporate social responsibility for the Niger Delta was highlighted as crucial due to the environmental impact of oil exploration during the inauguration of the new NNPCL board

Legit.ng journalist Esther Odili has over two years of experience covering political parties and movements.

State House, Abuja - President Bola Ahmed Tinubu has issued a stern warning to the members of the Nigerian National Petroleum Company (NNPC) Limited Board led by Chief Pius Akinyelure.

With a warning that non-performance would not be tolerated, Tinubu inaugurated the new NNPCL board on Monday, December 18, 2023, at the State House, Abuja.

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The president charged the Akinyelure-led board to set out to work immediately, warning that conducts suggesting a sense of entitlement will not be tolerated.

The special adviser to the president on media and publicity, Ajuri Ngelale, revealed this in a statement he signed on Monday, December 18, and shared on X (formerly Twitter) @NGRPresident.

According to the statement, members were cautioned that the board could be dissolved without notice if there was no sustained excellence in performance.

“But you could be suddenly dissolved if there is no sustained excellence in performance,” Tinubu said.

Tinubu promised to optimise Nigeria's security architecture to improve the board's performance.

“The challenge is corporate governance. Yes, we will improve the security situation. We are working very hard,’’ he said.

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Implications of Tinubu being petroleum minister, president

Earlier, Legit.ng reported that human rights lawyer Femi Falana (SAN) urged President Tinubu to stop parading himself as the minister of petroleum resources just like his predecessor, ex-President Muhammadu Buhari.

Falana disclosed that it was necessary because the president was not screened by the National Assembly before assuming the role.

Tinubu's govt crude oil production, price target for 2024

Also, Legit.ng reported earlier that NNPC Ltd assured that the projections for crude oil production and the price benchmark in the 2024 budget were realistic and achievable.

Mele Kyari, the company's Group Chief Executive Officer (GCEO), provided this assurance during an interactive session with the Senate Committee on Finance.

He spoke on the market dynamics and the projected budget benchmark price of $77.96 per barrel.

Source: Legit.ng