By Kayode Araba.
This, Nigerian National Petroleum Company Limited (NNPCL) announced on Wednesday that it had remitted a total of N4.5 trillion in revenue generated as of October this year into the Federation Account.
However, highlighting a positive outlook for Nigeria, the company emphasized that indices and strategic leveraging within the oil sector are indicating prosperity, a sentiment expressed by Mele Kyari, the Group Chief Executive Officer, during an interactive session with the Senate Committee on Finance.
Mele kolo kyari in his presentation, assured committee members of promising days ahead for the company and the nation. He cited the reforms embedded in the Petroleum Industry Act, positioning NNPC Ltd on par with its global counterparts in the oil sector.
The GMD also pledged stability in the oil sector, aiming to achieve this before the end of the first quarter of 2024.
