The lawmaker representing Oredo Federal Constituency in Edo State, Hon. Esosa Iyawe, has said President Bola Tinubu’s ’timely and strategic’ reconstitution of the board of the Nigerian National Petroleum Company Limited will help eliminate inefficiencies in the state-owned energy firm.
Tinubu recently replaced the leadership of the NNPC, appointing Bayo Ojulari as the Group Chief Executive Officer and Ahmadu Kida as the Board Chairman, among others.
Iyawe, an engineer-turned-politician, said the move by Tinubu signifies his agenda to transform the energy sector for the country’s long-term gains.
In a statement, the lawmaker disclosed that the restructuring of the NNPC board by the president will boost investment in the sector and engender diversification of the market.
“I wholeheartedly commend President Bola Tinubu for his timely and strategic decision to restructure the leadership of the NNPC. This bold move reflects a deep commitment to reform, transparency, and long-term sustainability in Nigeria’s energy sector,” he said in a statement signed by him.
“The reshuffling is a clear step towards enhancing operational efficiency, restoring investor confidence, and driving the diversification of our gas market. These are essential pillars for economic growth and energy security,” he added.
While appreciating the president’s ambitious targets of raising oil production and refining capacity, the lawmaker added that the newly reconstituted leadership is well positioned to drive meaningful change and significantly improve the NNPC’s contribution to national development.
He said, “To the newly appointed NNPC leadership, this is not just a call to duty; it is a historic opportunity to reset the trajectory of Nigeria’s oil and gas industry. Nigerians are looking to you to embrace innovation, uphold transparency, and ensure that the nation’s vast energy resources translate into tangible benefits for all citizens.
“You are entrusted with a responsibility that goes beyond numbers and statistics, it is about rebuilding trust, promoting value for money, eliminating inefficiencies, and creating a resilient energy sector that supports job creation and national prosperity. Your success will be a defining legacy for this administration and a cornerstone for Nigeria’s economic revival,” he submitted.
