Truth and Reason
Falana Challenges APC, PDP to Prove They’re Not Terrorist GroupsThe Managing Director and Chief Executive Officer of Renaissance Africa Energy Company Limited, Mr. Tony Attah, has stated that firms in the Nigerian oil and gas industry are now better positioned, than in the last five years, to optimise the country’s vast hydrocarbon natural resources, due to recent changes made by the federal government.
Lauding key policies of the federal government, Attah, represented by Renaissance’s Executive Vice President, Finance, Mr. Olusegun Banwo, stressed that positive changes that have occurred in the Nigerian National Petroleum Company Limited were unheard of previously. “Also, we have the Nigerian Oil and Gas Industry Content Development Act; the Petroleum Industry Act and, probably, most importantly, the NNPC Limited, because the changes that have occurred in NNPC are things that many of us could never have dreamt of.
“The challenge before the industry today is to make sure that the organisations playing in the industry can stand very critical scrutiny of their management and their boards. That we have shareholders that are there to grow the pie; that we have boards of directors that are competent and credible and independent, able to take independent decisions; and, above all, management that, as individuals, are going to lead by competence and character,” he emphasised.
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