NNPCL Reform: Dr. Kabi Calls for Transparency and Change

Dr. Michael Kabi, a chartered accountant and energy strategist, addresses the pressing need for reform and effective governance within the Nigerian National Petroleum Company Limited (NNPCL).

He criticizes the current state of the oil sector, highlighting that despite new laws and initiatives, there has been little tangible change. Kabi points out that the lack of accountability and transparency has deterred serious investors.

He calls for a shift in management practices, advocating for a board composed of true industry professionals rather than politically connected individuals. Kabi stresses the importance of establishing a culture of discipline and honest reporting within NNPCL to regain investor confidence.

He suggests that real progress would involve direct revenue allocation to the federal account and a commitment to transparency in financial dealings. Kabi envisions a future where NNPCL could issue global bonds, thereby demonstrating its credibility and attracting investment, which is crucial for Nigeria's financial future.