Senate Expressed Satisfaction on Gas Projects Delivery, Audit Report of the NNPC

NNPC TOWER

By Shola  Akingboye, 20th November  2020

The Nigerian National Petroleum Corporation (NNPC), has been commended at the 2021 Budget Defense and Performance Appraisal meeting on its performances  over various gas development projects executed  by the corporation.

The Chairman of the Senate Committee on Gas, Senator James Manager, while speaking during the 2021 Budget Defense and Performance Appraisal meeting with the officials of the Corporation held at the National Assembly Complex, he expressed satisfaction with the various gas development projects embarked upon by the NNPC, especially the Ajaokuta- Kaduna- Kano (AKK) gas pipeline project.

Manager marvelled that the corporation was able  to record  such feat despite the impact of Covid-19 on the oil and gas industry : “We are proud of the AKK and some of your other projects”.

The statement by the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru further  revealed that the interface between the committee and the NNPC would have been more frequent but for the lockdown due to the Covid-19 pandemic.

It stated that James Manager reassured the Corporation of the committee’s planned  oversight visit to the projects for proper assessment soon.

On his part, a member of the Committee, who is also the immediate past Chairman of the Committee, Senator Albert Akpan Bassey, said NNPC under the leadership of Mallam Mele Kyari has taken the Corporation to a new height by publishing the 2018 and 2019 Audited Financial Statements and for reducing losses by over 95 per cent.

“I want to commend the team led by the present GMD, a team of dedicated and passionate Nigerians. If they can reduce losses drastically within such a short time, I am sure the next report will reveal huge profit to the country. We must give them our support and cooperation,” he stated.

Speaking earlier during a presentation, the Group Managing Director of the NNPC, Mallam Mele Kyari, who was represented by the Chief Operating Officer, Gas and Power, Engr. Yusuf Usman, attributed the success of the Corporation in the gas sector to the support and cooperation of the Committee and the entire legislature.

He said gas supply to power has improved significantly, which was evident in the improved power supply currently being witnessed in the country.

“We have significant gas in the network currently, but the challenge however, is transmission,” the COO stated.

On the AKK pipeline project, Engr. Usman told the lawmakers that it was designed to supply 2billion cubic feet of gas per day (2bcfd), stressing that it would be the primary source of gas for the power plants currently being developed in Abuja, Kaduna and Kano.

 

 

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