By Business a.m. Staff
The drive towards transparency by the management of the Nigerian National Petroleum Corporation (NNPC) is being taken a notch higher with plans to begin publishing details of petroleum products supplied to it, Mele Kyari, group managing director of the corporation has said.
Kyari, in a statement issued by Samson Makoji, NNPC’s acting group general manager, group public affairs division, disclosed this when he received a delegation of Media Initiative for Transparency in Extractive Industries (MITEI) at the NNPC Towers in Abuja on Tuesday.
He told the delegation led by Bassey Udo, its national coordinator, 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.
“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,” the statement quotes Kyari as assuring.
According to the statement, the NNPC chief executive officer said the corporation stood to gain more in terms of reputation and goodwill from being transparent, noting that trust in business requires corresponding responsibility of accountability to all stakeholders.
“You lose nothing by being accountable and transparent, and the combination of the two will enable you have a good relationship with your stakeholders and ultimately lead you to excellent performance,” he said.
Kyari explained that his relationship with MITEI was based on the principle of “common good” since the objective of the group aligns with the core values of the corporation.
Bassey Udo had earlier commended the Transparency, Accountability and Performance Excellence (TAPE) initiative of Kyari, describing it as a visionary move to reposition the oil and gas sector.
According to the statement, Udo expressed delight that the NNPC boss, within the short period of his appointment, had started walking the talk by taking bold decisions towards realizing his promises to the nation and citizens.
He said MITEI’s visit was informed by the consistent and remarkable track record Kyari has maintained since his days as the group general manager, crude oil marketing division.
Udo said actions such as publishing of the DSDP contract winners, refineries rehabilitation efforts, signing of key performance indicators (KPI) by top management, and the Transparency, Accountability and Performance Excellence (TAPE) initiative carried out by the current leadership endeared the corporation to the group.