The Nigerian Association of Petroleum Explorationists (NAPE) has commended President Bola Tinubu for the new Nigerian National Petroleum Company board appointment.
NAPE, in a statement released on Wednesday by its president, Johnbosco Uche, noted that the appointment is a bold step towards repositioning the oil and gas industry for greater efficiency, transparency, and profitability.
According to the association, the appointment of Bayo Ojulari as the new Group CEO, alongside Ahmadu Musa Kida as Non-Executive Chairman, is a testament to the President’s commitment to excellence and his desire to drive growth in the sector.
The statement read, “The Nigerian Association of Petroleum Explorationists wishes to express its profound appreciation to President Bola Ahmed Tinubu for the recent appointment of a new Board and Management Team for the Nigerian National Petroleum Company Limited.
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“NAPE is delighted to observe that the newly appointed board comprises seasoned professionals, including Austin Avuru, a former President of NAPE who has held esteemed top management positions within the oil and gas industry.
“The new board’s mandate to enhance operational efficiency, restore investor confidence, and increase commercial viability aligns with NAPE’s goals and aspirations for the industry.
‘We are confident that the new team will bring the necessary expertise and experience to drive the oil and gas sector forward.”
President Bola Tinubu appointed Ojulari to replace Mele Kyari in the early hours of Wednesday while also restructuring the NNPCL board.
Ojulari’s appointment takes immediate effect.
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