The Nigeria Extractive Industries Transparency Initiative (NEITI) has welcomed with enthusiasm the appointment of Mr. Mele Kolo Kyari as the incoming GMD of NNPC by President Muhammadu Buhari.
In a statement released in Paris, France, venue of the global conference of Extractive Industries Transparency Initiative (EITI), the NEITI Executive Secretary, Waziri Adio described the choice of Mele Kyari as a well-deserved appointment and an intimation of more openness and reforms in the national oil company.
Mr. Adio further remarked, "Mr Kyari is a well-known transparency champion and one who enthusiastically shares the principles which underline the work of NEITI and the global EITI on good governance of the oil and gas industry”.
The NEITI Executive Secretary explained that as a member of the global EITI working group on commodity trading transparency, Mr. Mele Kyari’s appointment has placed him in a vantage position to push the frontiers of openness and to work more closely with NEITI and the global EITI to implement remedial issues in NEITI's reports.
He added that the implementation of the findings of NEITI's reports will not just be effective for operations of NNPC but also for optimisation of benefits of the oil and gas sector to Nigeria and Nigerians.
Mr. Adio recalled that: “Just yesterday, Mr. Kyari participated at a session on “the business case for state-owned enterprise and commodity trading transparency at the EITI global conference in Paris, France”.
"His commitments to the values of EITI are not in doubt," he added. "On behalf of the Board, Management and Staff of NEITI, I congratulate Mr. Kyari on this well-deserved appointment. We look forward to close collaboration between our two organisations in the interest of our country and we do hope that transparency and accountability will be taking notches higher and indeed mainstreamed in the operations of NNPC under his watch."
Similarly, EITI Congratulates Kyari on the recent appointment as the GMD NNPC in a letter signed by the EITI Executive Director, Mark Robbinson
“I am writing to congratulate you on your recent appointment as Group Managing Director of the Nigerian National Petroleum Corporation (NNPC). Your new role will be pivotal in steering NNPC’s reforms towards greater transparency and accountability in the corporation’s management of Nigeria’s oil and gas revenues. We look forward to working together to build on your engagement in the EITI’s targeted effort on commodity trading transparency to date, which has contributed to the global momentum around first trade transparency.
Following on your participation at the 8" EITI Global Conference in Paris, we would like to formally invite you to join the EITI’s targeted effort on state-owned enterprise (SOE) transparency as a means of sharing best practice and contributing to shaping evolving global norms. The International Secretariat stands ready to provide support for NNPC’s efforts to systematically disclose information on its management of oil and gas revenues in accordance with the EITI Standard as a key step towards operationalising the corporation’s commitment to the state-owned enterprise’s transparency. We look forward to discussing the opportunities for collaboration with NNPC in this area, which could range from providing a comparative analysis of NNPC’s current disclosures vis-a- vis requirements of the EITI Standard, to supporting the development of a corporate transparency policy.
We look forward to discussing NNPC’s engagement in the EITI’s targeted effort on SOE transparency and our broader support for EITI implementation moving forward. We look forward to working together in the coming years to ensure that the natural resource wealth of Nigeria benefits its citizens”.