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CSOs, bloggers conference: 1,000 participants back Kyari, NNPCL Management
Hundreds of Coalition of Civil Society Organisations, including professionals, and youth groups from different social and cultural groups across the country have commended the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Dr. Mele Kyari, for his outstanding achievements in the oil and gas industry and passed an overwhelming vote of confidence on him.
The various groups spoke on Monday at a national conference in Abuja with the theme, “Improving Public Trust Between NNPCL and Civil Society Organizations” where they also passed a vote of confidence in Dr. Kyari and his team, commending their efforts to enhance transparency, accountability, and performance.
The Coalition of Civil Society Organisations (COCSO) President, Mohammed Yusuf in his address praised Dr. Kyari, for his outstanding achievements in increasing the nation’s crude oil reserves and reducing the burden of petrol importation.
“Since assuming the office, Dr. Kyari has demonstrated unwavering commitment to the principles of Transparency, Accountability, and Performance Excellence (TAPE) – a blueprint that has transformed the NNPCL into a beacon of excellence, both at home and abroad,” Yusuf said.
Also speaking, Ohanaeze Ndigbo Professionals for Peace and Development (ONPPAD) highlighted Dr. Kyari’s transformative leadership, emphasizing transparency, accountability, and operational excellence.
President of the group, Uche Nwakama praised the NNPCL leadership under Kyari for the successful rehabilitation and revitalization of the country’s refineries, including those in Port Harcourt, Kaduna, and Warri, which has reduced reliance on costly petroleum product imports and created numerous job opportunities for youths in the region.
In his address, Dr Okpanachi Paul, coordinator of the North Central Youth Professionals said since taking the helm at the NNPCL, Dr. Kyari has spearheaded a number of initiatives that have directly benefited the North Central region of Nigeria.
“One of the most significant accomplishments is the successful commencement of the construction of the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project,” he said.
He said, “This ambitious project, which has seen a savings of $300 million from the initial amount, has the capacity to make available around 2.2 billion cubic feet of gas per day, with the potential to double the delivery capacity in the future. This infrastructure development will not only enhance energy security for the region but also create numerous job opportunities for the youth in the North Central states.”
Barr Akintola Olawale Bello, National Coordinator, Oduduwa Democratic Frontiers in his address said since assuming office, Dr. Kyari has demonstrated unwavering commitment to the transformation of the NNPCL, positioning it as a globally competitive and financially stable national oil company.
According to him, one of Kyari’s most remarkable accomplishments is the successful signing of the $3.15 billion Alternative Financing Package with Sterling Exploration and Energy Production Company Limited (SEEPCO) and other partners for the development of NPDC’s OML 13.
He further highlighted that under Dr. Kyari’s leadership, the NNPCL has made significant strides in the gas sector with the signing of the NLNG Train 7 project, which is expected to deliver over $20 billion in revenue to the government and create 50,000 direct and indirect jobs, noting that this is a clear demonstration of his vision to transform Nigeria into a gas-driven economy.
Dr. Stanley Uguru, DirectorBloggers and Vloggers, Content Creators Association (BAVCCA) in his address said Dr. Kyari’s tenure has also been marked by strategic investments aimed at boosting Nigeria’s oil and gas production capabilities and enhancing national development.
He said, “For instance, the increase in national crude oil reserves to achieve the 40,000 billion barrel target is a testament to his focused and visionary leadership. By pushing exploration work in various basins and drilling new wells, such as the Kolmano River II & III wells and seismic data collection in the Bida and Sokoto Basins, Dr. Kyari has significantly contributed to securing Nigeria’s energy future.”
According to him, the group will continue to collaborate with NNPCL to boost Transparency and accountability and access to information, saying these are cornerstones of trust in any organisation.
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Economic Hardship: Accountants, Best To Lead A Country Out of Recession And At Other Times – Ms. Patricia Adenike Balogun
A United Kingdom-based Nigerian accountant and investment expert, Ms Patricia Adenike Balogun, has urged Nigerians to have faith and confidence in the capacity of President Bola Ahmed Tinubu to turn around the economic fortune of Nigeria.
According to her, the president is well endowed with all accounting and management tools, including the right leadership qualities to transform the Nigerian economy to a prosperous one.
Speaking from London in a Zoom interview with Nigerian journalists in Abuja, Ms. Balogun said, accountants are the best set of professionals that can lead a country out of recession and during the time of prosperity because they are visionaries, innovative and risk takers.
Ms. Patricia Balogun, an Accountant herself, also expressed confidence that the President could leverage on his background in the profession to task his professional colleagues on planning policies capable of reviving several sectors of the Nigerian economy made comatose by the harsh situation bedevilling the country.
She, additionally, asked that the government should reduce the tax burden on small businesses in order to help them navigate and survive the current economic challenges.
Ms. Balogun regarded as an advantage the background of the President as a former Accountant with Mobil Oil Producing and other establishments.
She said: “Accountants like President Tinubu are best to lead a country out of a recession. They are visionary, innovative and risk-takers. Although traditionally viewed as professionals who focus on numbers and data, their role is more dynamic. President Tinubu has been trained with the capacity to drive growth and embrace innovation. Their analytical skills as Accountants give them the capacity for data-based decision-making.”
She credited the accounting profession with facilitating the development of trail-blazing IT software currently driving innovations such as the Treasury Single Account (TSA) embraced by the Nigerian government, as well as FinTech and e-commerce platforms.
On the TSA, she said: “The accountants within the public sector put ideas together, and came up with that Treasury Single Account system to help ensure better transparency and accountability in the area of the management of funds within the country, as well as to curb corruption.”
According to her, the nation should not underrate the advantages that accountants and the accounting profession can bring to bear on the nation’s search for socio-economic solutions.
Balogun said: “Accountants have the capacity to drive growth and we are innovative. The analytical skills of accountants that make them excel in analysing data are very crucial in a time of economic uncertainty because we use the data we analyse to back the decisions we make. We have the risk assessment method of finding financial risks, along with different scenarios, to produce healthy outcomes. We have very good capacity in strategic planning.
“We know how to use multiple scenarios and models to differentiate which features will facilitate planning for risk-mitigation. We are very good at problem solving. When you have financial challenges, if you bring an Accountant, they are able to use their skills to basically adapt and find changing landscapes in implementing different corrective measures in terms of the time of economic action.
“In terms of being leaders, we create, we use data, we analyse data, and we are able to use them to bring financial health back to a business, to an organisation or to the country at large.”
Balogun recalled that accountants had been drivers behind the adoption of the Financial Reporting Standard (FRS) that has enhanced transparency and accountability within companies and within the country generally.
“During the privatisation policies of the 1990s and early 2000s, the accountants put together measures to help in ensuring that business outcomes were achieved,” Balogun said.
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