A Lawmaker representing Oredo Federal Constituency in Edo State at the House of Representatives, Esosa Iyawe, has described President Bola Tinubu’s reconstitution of the board of the Nigerian National Petroleum Company Limited (NNPCL) as timely, saying it would help to eliminate inefficiencies in the company.
    
Iyawe, an engineer-turned-politician, said the move by Tinubu signifies his agenda to transform the energy sector for the country’s long term gains. Speaking with The Guardian yesterday, the lawmaker noted that the restructuring of the NNPC board by the President will boost investment in the sector and engender diversification of the market.
   
“I commend President Tinubu for his timely and strategic decision to restructure the leadership of the Nigerian National Petroleum Company Limited (NNPCL). This bold move reflects a deep commitment to reform, transparency, and long-term sustainability in Nigeria’s energy sector.     
   
“The reshuffling is a clear step towards enhancing operational efficiency, restoring investor confidence, and driving the diversification of our gas market”.

These are essential pillars for economic growth and energy security.
    
“With the President’s ambitious targets of increasing national oil production by 200,000 barrels per day by 2027 and 500,000 barrels per day by 2030, the newly reconstituted leadership is well positioned to drive meaningful change and significantly improve the NNPCL’s contribution to national development,” he said in a statement.