Newscoven
  • Home
  • News
    • All
    • Analysis
    • Feature
    • Interviews
    • Politics
    • Science
    • World
    100 Days In Office: Abas Has Done Well -Opadotun, Ex-Oyo NUJ Chair

    100 Days In Office: Abas Has Done Well -Opadotun, Ex-Oyo NUJ Chair

    Tinubu's Visit To UK, Renewal Of Bilateral Relations With Nigeria -Sanusi

    Tinubu’s Visit To UK, Renewal Of Bilateral Relations With Nigeria -Sanusi

    Oyo Coalition Launches ‘JDS Renewed Hope Movement’, Endorses Tinubu For Second Term

    Oyo Coalition Launches ‘JDS Renewed Hope Movement’, Endorses Tinubu For Second Term

    Tinubu Promises To Address Tariffs For Media Business

    Tinubu Promises To Address Tariffs On Media Business

    Oyo 2027: Can 'Seyi Makinde Break the Historical Jinx and Install His Successor?

    Oyo 2027: Can ‘Seyi Makinde Break the Historical Jinx and Install His Successor?

    Elite Consensus Key To Working Federalism In Nigeria -Makinde

    Elite Consensus Key To Working Federalism In Nigeria -Makinde

    2027 Elections: Declare Your Intentions, Makinde Tells Appointees With Political Ambitions

    2027 Elections: Declare Your Intentions, Makinde Tells Appointees With Political Ambitions

  • Entertainment
    Sanusi, Atlético Berja Board, Berja Mayor, Seal Strategic Partnership

    Sanusi, Atlético Berja Board, Berja Mayor, Seal Strategic Partnership

    From Church Keys Too Global Stage, Pheelz Takes Over The Spotlight On CNN African Voices

    From Church Keys To Global Stage, Pheelz Takes Over The Spotlight On CNN African Voices

    Fela Lives: Tinubu On Grammy Lifetime Achievement Award

    Fela Lives: Tinubu On Grammy Lifetime Achievement Award

    Ilaji Assumes Ownership Of Interlink •Takes Over Atlético Berja

    Ilaji Assumes Ownership Of Interlink •Takes Over Atlético Berja

    Oyo Govt Gives Illegal Occupants Of Obafemi Awolowo Stadium 14-Day Quit Notice

    Oyo Govt Gives Illegal Occupants Of Obafemi Awolowo Stadium 14-Day Quit Notice

    Jeffrey Daniel, Legendary Pop Music Icon, Urges Africans In Diaspora To Return Home

    Jeffrey Daniel, Legendary Pop Music Icon, Urges Africans In Diaspora To Return Home

    9th AFRIMA: Policy Shift, Technology, Collaboration Identified At AMBS As Key To Deepening Music Growth

    9th AFRIMA: Policy Shift, Technology, Collaboration Identified At AMBS As Key To Deepening Music Growth

  • About Us
  • Contact Us
  • More
    • Advertisement
    • Disclaimer
    • Privacy Policy
    • Terms of Use
Sunday, March 22, 2026
No Result
View All Result
  • Home
  • News
    • All
    • Analysis
    • Feature
    • Interviews
    • Politics
    • Science
    • World
    100 Days In Office: Abas Has Done Well -Opadotun, Ex-Oyo NUJ Chair

    100 Days In Office: Abas Has Done Well -Opadotun, Ex-Oyo NUJ Chair

    Tinubu's Visit To UK, Renewal Of Bilateral Relations With Nigeria -Sanusi

    Tinubu’s Visit To UK, Renewal Of Bilateral Relations With Nigeria -Sanusi

    Oyo Coalition Launches ‘JDS Renewed Hope Movement’, Endorses Tinubu For Second Term

    Oyo Coalition Launches ‘JDS Renewed Hope Movement’, Endorses Tinubu For Second Term

    Tinubu Promises To Address Tariffs For Media Business

    Tinubu Promises To Address Tariffs On Media Business

    Oyo 2027: Can 'Seyi Makinde Break the Historical Jinx and Install His Successor?

    Oyo 2027: Can ‘Seyi Makinde Break the Historical Jinx and Install His Successor?

    Elite Consensus Key To Working Federalism In Nigeria -Makinde

    Elite Consensus Key To Working Federalism In Nigeria -Makinde

    2027 Elections: Declare Your Intentions, Makinde Tells Appointees With Political Ambitions

    2027 Elections: Declare Your Intentions, Makinde Tells Appointees With Political Ambitions

  • Entertainment
    Sanusi, Atlético Berja Board, Berja Mayor, Seal Strategic Partnership

    Sanusi, Atlético Berja Board, Berja Mayor, Seal Strategic Partnership

    From Church Keys Too Global Stage, Pheelz Takes Over The Spotlight On CNN African Voices

    From Church Keys To Global Stage, Pheelz Takes Over The Spotlight On CNN African Voices

    Fela Lives: Tinubu On Grammy Lifetime Achievement Award

    Fela Lives: Tinubu On Grammy Lifetime Achievement Award

    Ilaji Assumes Ownership Of Interlink •Takes Over Atlético Berja

    Ilaji Assumes Ownership Of Interlink •Takes Over Atlético Berja

    Oyo Govt Gives Illegal Occupants Of Obafemi Awolowo Stadium 14-Day Quit Notice

    Oyo Govt Gives Illegal Occupants Of Obafemi Awolowo Stadium 14-Day Quit Notice

    Jeffrey Daniel, Legendary Pop Music Icon, Urges Africans In Diaspora To Return Home

    Jeffrey Daniel, Legendary Pop Music Icon, Urges Africans In Diaspora To Return Home

    9th AFRIMA: Policy Shift, Technology, Collaboration Identified At AMBS As Key To Deepening Music Growth

    9th AFRIMA: Policy Shift, Technology, Collaboration Identified At AMBS As Key To Deepening Music Growth

  • About Us
  • Contact Us
  • More
    • Advertisement
    • Disclaimer
    • Privacy Policy
    • Terms of Use
No Result
View All Result
Newscoven
No Result
View All Result
Home Business Energy | Oil & Gas

Abati Condemns Call By Reps Members For Sack Of NNPC Boss, Kyari

by Newscoven
August 5, 2024
in Energy | Oil & Gas
Reading Time: 3 mins read
8 0
A A
0
Abati Condemns Call By Reps Members For Sack Of NNPC Boss, Kyari

Top: Some members of the House of Representatives. Below: Chief Executives Officer (CEO) of the Nigerian National Petroleum Company (NNPC), Mallam Mele Kyari.

13
SHARES
159
VIEWS
Share on WhatsappShare on FacebookShare on Twitter

Dr. Reuben Abati, a public affairs analyst, has carpeted some members of the House of Representatives who reportedly called for the sack of the Chief Executive Officer (CEO) of the Nigerian National Petroleum Company (NNPC), Mallam Mele Kyari.

Abati, a former Senior Adviser on Media and Publicity to former President Goodluck Jonathan, said the call was unfair, wrong and unreasonable.

He stated this in response to some paid advertisements said to have been sponsored by a fragment of.members of the lower chamber of the National Assembly, clamouring for the sack of Kyari.

The former presidential spokesman said it was wrong for the lawmakers to ascribe the persisting problems in the oil and gas sector to just one man.

RelatedPosts

Tinubu Approves $20Bn FID On Bonga Deepwater Project For NNPCL

Tinubu Resolves 15-Yr-Old OPL 245 Dispute •Unlocks Major Deepwater Investment

Global Oil Market Volatility: Dangote Refinery Reaffirms Commitment To National Energy Stability

Abati stated in a statement that the NNPC CEO was not the root cause of the problems bedeviling the petroleum industry. He explained that the sector was plagued by deeper structural issues that have been ignored for decades.

“The problem with the oil and gas industry in Nigeria is not Mele Kyari. The problem is the way we have run our affairs as a country. Leadership is what is required to address these issues, not crucifying an individual,” Abati stated.

The veteran journalist pointed out that the industry’s challenges have been evident since the 1970s, adding that successive administrations have failed to tackle them.

According to him, Mele Kyari has been making lots of efforts to solve the problems in the oil and gas sector and should thus be given the opportunity to operate.

Abati chided the lawmakers for their stance on Kyari. He said: “I think the bigger story is that we have seen some people in the media saying Kyari is the problem with the Nigerian oil and gas industry.

“We have seen people put up an advertisement for and against the sack of Mele Kyari. No, Mele Kyari is not the problem.

“There are fundamental issues with the oil and gas industry in Nigeria, which has been there since the 70s and no government has been able to address it.

“So, it is not about crucifying an individual. What Kyari, in my own understanding, is trying to do is to make an effort to solve the problem.

“But to assume that one man is the cause of the problem will be a very unfair, wrong and unreasonable way to go.

“So, the members of the National Assembly who are saying they want to take Kyari’s head, no, they have their own heads in the wrong place. He is not the cause of the problem.”

Abati also emphasised that the focus should be on addressing the systemic issues, rather than blaming individuals.

“Nigeria, and the way we have run our affairs so far, is the problem. Leadership is what is required. So, the ball is back in the court of the leaders,” he added.

A report has it that the NNPCL has grown in leaps and bounds since the Petroleum Industry Act came into force, leading to the creation of the company about two years ago.

NNPCL, as presently structured, has broken new grounds in the two years it has been in existence.

The management of the company, under the leadership of Mele Kyari, has reportedly steered the company away from the unprofitable ways of doing business.

According to the report, NNPCL under Kyari has transformed into a more transparent and financial prudent means of administering the entity, in line with global best practices.

In addition to a plethora of successes actors it’s business value chain, NNPCL has received flowers for its success and renewed vigour.

These included the execution of the gas commercialisation programme aimed at leveraging the nation’s enormous gas resources to promote industrialisation and boost revenues.

Another key stride recorded by NNPCL since 2021 has been the reversal of losses the company had been suffering.

In 2022, it posted its second consecutive year of ‘profit’ announcing N674.1 billion in the 2021 financial period and growing it from N287 billion in 2020.

The figure represented an increase of N387 billion or 134.8 per cent when compared to the previous N287 billion recorded in 2020.

The improvement followed the approval of the 2021 audited financial statements by the Board of the oil company.

The NNPCL has progressed to a new performance level from N287bn profit in 2020 to N674bn profit after tax in 2021, moving higher by 134.8 per cent, year-on-year profit growth.

author avatar
Newscoven
See Full Bio
Tags: AbatiHouse of RepresentativesMele KyariNNPC
SendShare5Tweet3

Related Posts

Tinubu Approves $20Bn FID On Bonga Deepwater Project For NNPCL

Tinubu Approves $20Bn FID On Bonga Deepwater Project For NNPCL

by Newscoven
March 10, 2026
0
17

President Bola Tinubu has approved for NNPCL a targeted fiscal incentive designed to unlock the long-awaited $20 billion Final Investment...

Tinubu Resolves 15-Yr-Old OPL 245 Dispute •Unlocks Major Deepwater Investment

Tinubu Resolves 15-Yr-Old OPL 245 Dispute •Unlocks Major Deepwater Investment

by Newscoven
March 5, 2026
0
35

President Bola Tinubu, on Thursday, announced the successful conclusion of a settlement agreement between the Federal Government of Nigeria, ENI,...

Global Oil Market Volatility: Dangote Refinery Reaffirms Commitment To National Energy Stability

Global Oil Market Volatility: Dangote Refinery Reaffirms Commitment To National Energy Stability

by Newscoven
March 5, 2026
0
11

Dangote Petroleum Refinery and Petrochemicals has reassured Nigerians of its unwavering commitment to serving as a stabilising force amid recent...

ICT | Science | Technology

NCC Reaffirms Commitment To Green Telecoms

NCC Reaffirms Commitment To Green Telecoms

March 21, 2026
8
ITREALMS Media Holds 2026 Internet Governance For Development (IG4D), June 11

NDSF 2026: ITREALMS Media Holds 2026 Internet Governance For Development (IG4D), June 11

February 28, 2026
31
ABoICT Lecture/Awards 2026: Impact Of AI, IoT On Business Operational Efficiency

ABoICT Lecture/Awards 2026: Impact Of AI, IoT On Business Operational Efficiency

February 28, 2026
30
2027 Elections: Oyo NUJ Chairman Seeks Google’s Support For Fact-Checking Platform

2027 Elections: Oyo NUJ Chairman Seeks Google’s Support For Fact-Checking Platform

February 26, 2026
49
NCC Seeks Stakeholders’ Inputs On NTP Review

NCC Seeks Stakeholders’ Inputs On NTP Review

February 18, 2026
6
Prev Next

Health

Abuja Lions Club Performs Free Cataract Eye Surgery

Abuja Lions Club Performs Free Cataract Eye Surgery

April 4, 2023
178

Dotun Sanusi’s Free Medical Outreach Gets To 22 LGs In Oyo •Remaining 11 LGs In Ibadan Zone

November 14, 2024
13

NNPCL Launches Free Cancer Screening Campaign •Targets 3,000 Nigerians

October 30, 2024
32

PHOTO NEWS: Makinde Commissions Health Facilities

June 12, 2022
279

Human Existence May End Sooner Than Projected -ACU VC

May 17, 2023
192

VIDEO: Clapping Is A Guard Against Chronic Health Issues

August 10, 2022
438
Prev Next
Newscoven

NewsCoven.com is an independent and unbiased online news medium determined to take a holistic approach to reportage of events, covering all spheres of human activities, with refreshed zeal and vigour.

Contact: +234-805-732-0978

Categories

  • Achievers | Appointments
  • Agriculture
  • Analysis
  • Arts | Book Review
  • Banking & Finance
  • Business
  • Church
  • Crime | Court | Judiciary | Security
  • Culture | Religion
  • Editorial | Discourse | Opinion
  • Education
  • Energy | Oil & Gas
  • Entertainment | Sports
  • Environment | Community | Eye Report | Metro
  • Feature
  • Health
  • Health Law & Human Dignity
  • Hotels | Travels | Tourism
  • ICT | Science | Technology
  • In The Eyes of the News
  • Interviews
  • Islam
  • Kaleidoscope With Anike
  • News
  • Peoples | Events
  • Politics
  • Reflections With Dapo Falade
  • Science
  • Uncategorized
  • VOXPOPULI
  • Woman's Essence by Motunrayo Busari
  • World

Recent News

8th ATLF & Awards Holds In Limpopo, South Africa -ATP

8th ATLF & Awards Holds In Limpopo, South Africa -ATP

March 21, 2026
WACEE 2026: Oyo Partners German Govt To Boost Environmental Sustainability

WACEE 2026: Oyo Partners German Govt To Boost Environmental Sustainability

March 21, 2026
NCC Reaffirms Commitment To Green Telecoms

NCC Reaffirms Commitment To Green Telecoms

March 21, 2026

© 2024 NewsCoven - Beyond the Surface by DF Global Resources Enterprises.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • About Us
  • Advertisement
  • Breaking News | Latest Nigerian News Today
  • Checkout
  • Contact Us
  • Disclaimer
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms of Use

© 2024 NewsCoven - Beyond the Surface by DF Global Resources Enterprises.