The Nigerian National Petroleum Company Limited (NNPC Ltd) says it will disclose its asset base soon.
Group Chief Executive Officer of NNPC Ltd, Mele Kyari, disclosed this on Tuesday at a media briefing after the Presidential unveiling of the New NNPC Limited at the Presidential Villa, Abuja.
The NNPC Ltd. would now operate as a profitable commercial entity and declare dividends to its 200 million shareholders.
Kyari said, “We now have a smarter, more responsive and more accountable company that must act within the premises of all the regulations that are accountable for private companies.
“We must also meet the standards for best practices in the industry, in terms of governance and make sure that all regulations are applied.
“We must ensure that we deliver back to back to all our stakeholders.”
Mr Kyari said its value would translate in two forms:ensuring dividends and delivering energy being longed by shareholders.
He said the new company was in the position to achieve both mandates because it was now an enabling company that could act quickly and can also make decisions quickly.
