NNPC to Make Details of Petroleum Products Supplies Public – Kyari

by on October 9, 2019

The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said the corporation will publicise details of petroleum products supplied across Nigeria to promote transparency.

The NNPC is currently the sole importer of petrol into Nigeria following complaints by private businesses that the total cost of importation is higher than a government-fixed retail price.

The government subsidises the NNPC to maintain the approved N145 retail price. The NNPC, after importation, sells the products to other marketers across the country.

According to a press statement made available to PREMIUM TIMES by the NNPC spokesperson, Samson Makoji, the corporation’s Group Managing Director, Mele Kyari, disclosed this on Tuesday while receiving a delegation of the Media Initiative for Transparency in Extractive Industries (MITEI) at the NNPC Towers in Abuja.

Addressing the MITEI delegation led by its National Coordinator, Bassey Udo, the GMD stated that beyond publishing the corporation’s Monthly Financial and Operations Reports, arrangements were afoot to make public all petroleum products supply transactions in the country to further deepen the culture of transparency in the system.

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“We will continue to be transparent to our stakeholders, we will do more than you can ever imagine in terms of transparency. We will not just publish our financial records, but very soon, we will publish more things that Nigerians need to know, particularly details of petroleum products supply and distribution which is an area most people don’t understand,” Mr Kyari said.

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