In a significant move to reconstitute the Nigerian National Petroleum Company (NNPC) Limited Board, President Bola Ahmed Tinubu has appointed Mrs Lydia Shehu Jafiya mni, Permanent Secretary, Federal Ministry of Finance, as a member of the new Board.
This appointment is part of a broader restructuring effort aimed at enhancing operational efficiency, restoring investor confidence, and driving economic growth. The new 11-man board, effective April 2, is chaired by Ahmadu Musa Kida, with Engineer Bashir Bayo Ojulari serving as Group CEO.
In a statement issued by
Special Adviser to the President, Information and Strategy, Mr Bayo Onanuga, the President called on the new Board to conduct a strategic portfolio review of NNPC-operated and Joint Venture Assets to ensure alignment with value maximization objectives.
As a seasoned technocrat, Mrs. Jafiya is not only going to represent the Ministry of Finance on the Board, but more importantly, she is expected to bring in her wealth of experience and expertise to bear in the realization of the policy objectives of government. Her appointment also underscores the government’s commitment to leveraging skilled professionals to drive growth and development in the oil and gas sector.
With this new development, Nigeria is poised to witness significant transformations in its energy landscape, driven by a reinvigorated NNPC Limited Board. As the country strives to achieve its ambitious energy goals, the Ministry remains committed to providing strategic guidance and support through Mrs. Jafiya’s representation on the Board.
SOURCE : IN HOUSE
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