… Charges New NNPC Board On Corporate Governance

Mrs Diezani Alison Madueke, the Minister of Petroleum
Resources, last Thursday charged the newly constituted Board of the NNPC to
reposition the corporation to become a world class oil and gas company.

Speaking at the inaugural meeting of the NNPC Board in
Abuja, the Minister who is also Chairman of the Board, harped on the need to
transform the NNPC.

Alison Madueke said that transforming the operations of NNPC
was very critical to the oil and gas industry and the Nigerian economy.

“We must endeavour to progressively take the NNPC towards
the goal of becoming a world class oil and gas Company.

The success of this critical task will no doubt move the oil
and gas industry and by extension the Nigerian economy forward.’’

She said the Corporation had made some strides in the areas
of crude production, gas supply, with unprecedented increase to meet power
demand, revamping of refineries and introduction of measures to ensure safety
and security of pipelines.

Alison Madueke called on the board members to ensure that
these gains were sustained and built upon and urged  the new board members to exploit their wealth
of experience in the discharge of their duties.

“I, therefore, use this opportunity to personally congratulate
you on your appointment and welcome you to national service.