Kyari sees re­vival of tex­tile

Of­fers ro­bust de­fence on in­sur­ance con­tract, for­got­ten China crude oil, sack of re­fin­ery staff

Business a.m. - - FRONT PAGE - Business a.m.

THE NIGE­RIAN NA­TIONAL PETRO LEUM COR­PO­RA­TION (NNPC) is now more open and trans­par­ent than it has ever been, says Mele Kyari, group man­ag­ing di­rec­tor, in ro­bust de­fence of the cor­po­ra­tion against dif­fer­ent al­le­ga­tions that have been ....

THE NIGE­RIAN NA­TIONAL PETROLEUM COR­PO­RA­TION (NNPC) is now more open and trans­par­ent than it has ever been, says Mele Kyari, group man­ag­ing di­rec­tor, in ro­bust de­fence of the cor­po­ra­tion against dif­fer­ent al­le­ga­tions that have been thrown the way of the state-owned oil com­pany in the last few months.

Kyari said any in­for­ma­tion that any­one wanted about the oil gi­ant has been made avail­able on its web­site and that he had made this pos­si­ble as his lead­er­ship moved to open up the cor­po­ra­tion to the pub­lic.

In an in­ter­view with on­line mag­a­zine, Real­news, and made avail­able to Business A.M., Kyari ad­mon­ished peo­ple to look at the cor­po­ra­tion dif­fer­ent from how they saw it in the past as the cor­po­ra­tion has changed from the way peo­ple saw it in the past.

“There is vir­tu­ally no in­for­ma­tion you need about NNPC to­day that you can­not get from our web­site or that is not al­ready in the pub­lic space,” Kyari stressed.

He said al­le­ga­tions of­ten made against the cor­po­ra­tion where false, cit­ing two in­volv­ing in­fla­tion of in­sur­ance con­tract and the one about some for­got­ten crude in China that were sold.

“You men­tioned in­fla­tion of in­sur­ance con­tract and sale of for­got­ten crude oil in China. If you have been fol­low­ing the re­ports on these is­sues, you will know that they are not fac­tual.

“In­ves­ti­ga­tions into the al­le­ga­tion of in­flated in­sur­ance con­tract have shown that there was noth­ing like that and that the cor­po­ra­tion’s in­sur­ance pol­icy has been do­ing very well. On the al­leged for­got­ten crude oil in China, we have ex­plained now and again that it was a plot to de­fraud the coun­try and that there was noth­ing like that. Since we ex­posed the fraud­sters, have you heard them come out again with counter ex­pla­na­tion? In any case, we are seek­ing le­gal re­dress on the mat­ter,” Kyari said as he dis­missed the al­le­ga­tions.

He also fielded ques­tion on the Ajaokuta – Kaduna – Kano, AKK, gas pipe­line project, which he said will boost Nige­ria’s econ­omy upon com­ple­tion.

“The AKK is de­signed to take gas to the north­ern cor­ri­dor of the coun­try. Kaduna and Kano used to be the hub of the tex­tile in­dus­try in Nige­ria.

There are over 40 tex­tile com­pa­nies in Kano and Kaduna that are in coma due to power is­sues es­sen­tially.

“What the AKK pipe­line will do is to sup­ply them gas as fuel in place of elec­tric­ity. With the avail­abil­ity of gas, these fac­to­ries and even new ones will spring back to life. You can imag­ine the mul­ti­plier ef­fect of that in terms of em­ploy­ment gen­er­a­tion and im­pact on the na­tional econ­omy,” Kyari ex­plained.

Kyari also spoke about re­ports go­ing round about the sack of work­ers in re­finer­ies. “We have not sacked any staff in the re­finer­ies,” he said to dis­miss the al­le­ga­tion and then, he ex­plained.

“The true po­si­tion is that when the re­finer­ies were in full op­er­a­tion, we got some com­pa­nies to sup­ply us labour to sup­port our staff. These peo­ple were es­sen­tially staff of those com­pa­nies we en­gaged, they were paid by those com­pa­nies. Now that the re­finer­ies have been shut down for re­ha­bil­i­ta­tion, it does not make any eco­nomic sense to keep them since there is vir­tu­ally no work go­ing on there. That is the true sit­u­a­tion,” the NNPC chief clar­i­fied.

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