Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, yesterday commended and attributed the positive changes in the currency market to the fiscal and monetary policies introduced by President Bola Ahmed Tinubu Administration.
Kyari spoke in Lagos in a chat with reporters after paying Sallah homage to the President at his Ikoyi residence.
“There are clear monetary and fiscal policies that the president has put in place that are working, and that is bringing about all the changes in the currency market,” he stated.
The NNPC boss expressed confidence in the President’s economic management, noting that the combination of improved stability in the company’s projects and better pricing in the petroleum export market has earned Nigeria additional resources.
Kyari said: “It is clear that the majority of our exports in this country is petroleum, and that can earn foreign currency. There is a significant improvement today in the market in terms of pricing, and we are also able to establish some level of stability in our projects, which is bringing additional resources available to our country.”
He reaffirmed the company’s unwavering commitment to supporting President Tinubu’s agenda of delivering gas to both the domestic and international markets.
According to him, the Sallah holiday provided a platform for the corporation’s leadership to reiterate their moral and eternal obligation to serve the country and its leader.
“The Sallah is always an occasion for citizens and those with the responsibility to affirm their commitment to their country and President,” Kyari said.
He emphasized the importance of aligning with the President’s vision for the oil and gas sector, which is seen as crucial for economic transformation and prosperity.
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