January 26, 2022

As NNPC Prepares To Declare 2020 Dividend After 44 Years In Operation

2 min read

The Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kolo Kyari is truly a round peg in the round hole of the Corporation.

You will recall that to consolidate on the gains of the public goodwill that trailed the publication of its 2018 Audited Financial Statement, the Nigerian National Petroleum Corporation followed up with the release of its 2019 Audited Accounts.

There is no doubt that the 2018 and 2019 Audited Financial Statement further demonstrates the Nigerian National Petroleum Corporation unwavering commitment to the principle of Transparency, Accountability and Performance Excellence (TAPE).

Since his assumption of office as the GMD of NNPC, Mallam Mele Kolo Kyari has committed his management team to sustaining the openness and greater transparency he has set out to tread in the operations of the NNPC.

The Audited Financial Statements, in pursuance of transparency, accountability and effective service delivery, is set declare dividend to the Corporation’s shareholders as the Group Managing Director Mallam Mele Kyari stated this while speaking at the 2021 edition of the Nigeria Annual International Conference and Exhibition (NAICE) organised by the Society of Petroleum Engineers (SPE) in Lagos.

He said the Corporation’s 2020 financial statements to be released in the third quarter of this year would come with unprecedented news.

“Everything we are doing must align with the wider national interest. And therefore, NNPC, being the representatives of all of us and, is, of course, a very potential global player – this is our ambition and we are getting there, Mallam Mele Kyari stated.

He said, “And I can tell you, within the next month or two maximum, we will publish our statement of accounts for 2020. And I can also confirm to you that for the first time in our history, we will declare dividend to the Nigerian people.”

Mallam Mele Kyari has ensured that the NNPC is leveraging technology to achieve better systems and processes optimization to support performance, accountability and value creation that exceeds the simple fulfillment of its business mandates.

On increase profitability and growth in the Nigerian oil and gas sector, Kyari said “As we celebrate the passage of the PIB, we have moved our focus to improving security architecture through collaboration with major stakeholders. Nigerian Upstream Cost Optimization Programme is working with operators and service contractors to challenge cost of operations and increase profitability and growth in the Nigerian oil and gas sector.

The Nigerian National Petroleum Corporation will soon join its counterparts in other countries that have been efficiently and effectively managed and have been profitable when it starts declaring dividends

As NNPC prepares to declare 2020 dividend after 44years in operation, there is no doubt that the Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kolo Kyari has guaranteed Openness, Transparency and Accountability in the nation’s oil and gas corporation.

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