MITEI: NNPC pledges publication of product supply details

October 8th, 2019

By Obas Esiedesa

In a bid to ensure transparency in the process of petroleum products supply across the country, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari says the corporation would soon commence the publication of supply details.

Kyari said the process is still seen as opaque by Nigerians, noting that there is need to open it up and allow Nigerians access to data from the process.

He disclosed this when he met with a delegation from the Media Initiative on Transparency in Extractive Industries (MITEI) led by its National Coordinator, Mr. Bassey Udo in Abuja on Tuesday.

MITEI members are a group of extractive industries journalists dedicated to the enthronement of transparency and accountability in the management of the mining, oil and gas sector.

Kyari assured the group that NNPC would remain open and accountable to Nigerians, saying the position occupied by the management of the corporation were held in trust for the Nigerian people.

He added that beyond publishing the corporation’s Monthly Financial and Operations Reports, arrangements were afoot to make public all petroleum products supply transactions in the country to further deepen the culture of transparency in the system.

He said: “We will continue to be transparent to our stakeholders, we will do more than you can ever imagine in terms of transparency. We will not just publish our financial records, but very soon, we will publish more things that Nigerians need to know, particularly details of petroleum products supply and distribution which is an area most people don’t understand”.

He said the corporation stood to gain more in terms of reputation and goodwill from being transparent, noting that trust in business requires corresponding responsibility of accountability to all stakeholders.

“You lose nothing by being accountable and transparent, and the combination of the two will enable you have a good relationship with your stakeholders and ultimately lead you to excellent performance”, he said.

He pointed out that his relationship with MITEI was based on the principle of “common good” since the objective of the group aligns with the core values of the corporation.

Speaking earlier, the National Coordinator of the group, Mr. Bassey Udo, congratulated Mallam Kyari on his appointment, noting that his excellent performance in previous positions has raised hope a better managed and transparent NNPC.

He commended the Transparency, Accountability and Performance Excellence (TAPE) initiative of the GMD as a visionary move to reposition the oil and gas sector.

He expressed delight that the NNPC boss, within the short period of his appointment, had started walking the talk by taking bold decisions towards realizing his promises to the nation and citizens.

Similar Post You May Like read more
Just In read more