NNPC Group Managing Director and Chairman of the reconstituted Board of the Petroleum Products Marketing Company (PPMC), Mallam Mele Kyari (middle), NNPC Chief Financial Officer, Mr. Umar Ajiya (right), and Managing Director, PPMC, Mr. Musa Lawan (left), at the inauguration of the Board at the NNPC Towers, Abuja.

Featured Oil & Gas

Kyari to PPMC Board : Sustain energy sufficiency in Nigeria

Per Second NewsJuly 10, 2020743

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has urged the newly reconstituted Board of the Petroleum Products Marketing Company (PPMC) to sustain energy and petroleum Products sufficiency in the country.

Inaugurating the board of the corporation’s downstream subsidiary at the NNPC Towers, Abuja, Kyari said PPMC was critical to the delivery of the corporation’s constitutional responsibilities to the nation.

“The PPMC is the live wire of our country’s energy supply system. It is not just a business, but a major strategic asset of this corporation operating in line with the provisions of the laws of the country which says that NNPC must guarantee energy sufficiency for this country,” he said in a statement.

It was signed by Dr Kennie Obateru, Group General Manager Group, Public Affairs and emailed to PerSecondnews.

Kyari advised members of the board to guide the company’s management in deepening its focus on commercial ventures for greater value addition to the shareholders.

According to NNPC GMD, the company has huge potential that could help it overcome the challenges posed by the current COVID-19 pandemic and oil price volatility.

“Its network of structure and competence for handling efficient products distribution nationwide is second to none in the country,” Kyari said.

He commended the management of PPMC for the recent encouraging performance as reported in the audited financial statement and urged the team to improve on it.

In his remarks, the Managing Director of PPMC, Mr Musa Lawan, said the company under his watch would continue to focus on profitability and efficiency in marketing refined petroleum products.

He emphasized that energy security would continue to be a top priority as the company continues on the path of automation of its services.

The reconstituted board of PPMC comprises Kyari as Chairman, Chief Operating Officer (Downstream), Ms Lawrencia Ndupu, as Alternate Chairman; Mr. Ibrahim Bello as Secretary; Chief Operating Officer, Upstream, Mr. Adokiye Tombomieye; and Managing Director of PPMC, Mr. Musa Lawan.

Others members are Group General Manager, Corporate Planning and Strategy, Mrs. Oritsemeyiwa Eyesan; Group General Manager, Accounts, Isiaku Abdullahi; Executive Director, Shared Services, PPMC, Mr. Kola Otitonaiye; and Executive Director, Commercial, PPMC, Mr. Naheem Adio.