The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari has said the corporation will not render free service to the federal government when the NNPC is fully commercialized in the next few months.
Kyari noted that from then, all services rendered to the government by the NNPC limited or its subsidiaries will come at a cost to government, including the remittance of federation crude account funds to the planned upstream commission.
He stated that the NNPC was on course towards its final incorporation, explaining that it will no longer have access to government funding, but would survive based on its internal resilience and efficiency.
On Nigeria’s gas expansion programme, he stated that the country hadn’t done enough investing in it, adding that COVID-19 had actually proven that gas can be more resilient than oil.
With the assent to the PIA, he explained that gas monetisation, both domestically and for export and massive investment in gas infrastructure will take the front burner to create prosperity and jobs for Nigerians.
Kyari stressed that the plan is to develop what he described as the “white structure” for gas delivery in the country, to ensures that all parts of the country under 200 km max from the trunk line, is fully hooked to the gas system.
