How Mele Kyari Has Run NNPC

Two years as Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mallam  Melle Kyari has continued to receive accolades for his inspiring leadership.

His appointment as GMD after 33 years in the Nigerian oil and gas industry came at a time the NNPC needed a focused direction in the face of past failures to put the corporation on the part of sustainable growth.

Kyari, a geologist by training came with mind of reform, bringing along his philosophy of Transparency Accountability and Performance Excellence (TAPE) in the industry.

Today, NNPC can boost of being a conglomerate reformed for optimum results in the upstream sector, sustaining oil output, boosting its subsidiary, implementing the National Gas Expansion project, AKK pipeline project, NLNG Train 7 FID, facilitating power projects, efficient crude oil lifting contract and inçreased transparency in the corporation.

At a time the COVID-19 pandemic and low oil price came, Kyari and his team where able to meander the corporation through the setbacks.

He unveiled a roadmap anchored on five steps for realizing the objectives of TAPE: The NNPC will open up its systems to public scrutiny; Its operational processes would be transparent and accountable to the Nigerian people and the government; The new system would operate along with well-defined operational processes, benchmarked against established global best practices by world-class oil and gas companies; the NNPC will set the right operational cost structure, to guarantee value-addition towards its sustained profitability, and the corporation will set achievable goals, priorities and performance standards and criteria, by developing suitable governance structures for its strategic business units, and the entrenchment of team-spirit, work ethic and collaboration with all key stakeholders to achieve set corporate goals.

The roadmap is being implemented diligently across all segments of the Nigeria’s oil and gas industry – Upstream, Downstream, Gas & Power as well as the corporation’s various interventions in other sectors of the economy.

Kyari’s leadership has seen improved revenue from crude oil exports, new projects in the industry continue to spring up. There has been remarkable progress as Nigerian Petroleum Development Company (NPDC), NNPC’s production arm which had struggled to attain its set 250,000 barrels per day attained a new peak output of 331,400 barrels of per day on May 28, 2020.

While major projects come on board, the NNPC leadership continue to promote transparency in business.

Remarkably, joint venture and production sharing contract (PSC) operators’ unit costs came down to $19  per barrel and $18.3 per barrel, from the initial $31 per barrel and $24.3 per barrel respectively.

The target is to further reduce it to an average of $10 per barrel by this year.

Meanwhile, the NNPC unlike in the past has regularly published it’s Monthly Financial and Operational Report.

The GMD also authorised the release of the audited financial statements and accounts of all its strategic business units (SBUs) and Corporate Services Units (CSUs).

Presently, the NNPC is up-to-date in remitting to the Federation Accounts revenues realized from its operations.

Despite the achievements, the GMD remains hopeful of a bright future for NNPC.

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