Mallam Mele Kyari
Peter Uzoho reviews the performance of the Nigerian National Petroleum Corporation, the Group Managing Director, Mallam Mele Kyari two years after his appointment
Last Thursday made it the second year in office of the current Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kolo Kyari as the 19th GMD of the national oil company.
Already aware of the expectations of Nigerians, who are the shareholders of the NNPC, the nationâs oil and gas industry and other stakeholders in the affairs of the corporation, Kyari hit the ground running right from the day of his inauguration.
Mele Kyari's second year of walking the talk at NNPC | The Guardian Nigeria News - Nigeria and World News — Features — The Guardian Nigeria News – Nigeria and World News guardian.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from guardian.ng Daily Mail and Mail on Sunday newspapers.
Emmanuel Addeh
Nigeria is expected to have about 100 oil and gas projects commencing operations across the value chain between 2021 and 2025, accounting for 23 per cent of all total fresh projects in Africa, a new report has disclosed.
According to the report by GlobalData, a data and analytics company, new-build projects would dominate the industry and account for around 90 per cent of the total projects commencing operations across the value chain in Nigeria.
In the report titled: ‘Africa Oil and Gas Projects Outlook to 2025 – Development Stage, Capacity, Capex and Contractor Details of All New Build and Expansion Projects,’ the company revealed that of the 100 projects expected to commence operations during the period, petrochemicals will have the highest count with 28 projects, followed by upstream (25), refinery (24) and midstream (23).
Earlier this month, the Nigerian Government reportedly approved $1.5bn in funding to repair the Port Harcourt refinery, which had closed down two years ago. Of course, the news was met with some negative reactions from Nigerians. Their sentiment might come from a point of mistrust that the project might be a conduit pipe for corruption. Or perhaps poor management would eventually kill the project, taking Milton Friedman’s
“If you put the federal government in charge of the Sahara Desert, in 5 years there’d be a shortage of sand” quote into perspective.
However, skepticism and sentiments aside, the economics in funding a refinery repair for $1.5 billion can be debated.
NIN-SIM integration; is the NCC taming a giant? nairametrics.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nairametrics.com Daily Mail and Mail on Sunday newspapers.