Nnpc saves over 3bn from arbitrations kyari

A great news!

According to reports, the Nigerian National Petroleum Corporation (NNPC) has saved over N3 billion (approximately $8.5 million) from the successful resolution of some of its outstanding arbitrations.

This achievement was made possible through the efforts of the corporation's Group Managing Director, Mallam Mele Kyari, who has been at the helm of the organization since 2020.

Under Kyari's leadership, NNPC has been working to resolve some of its long-standing disputes with contractors and other stakeholders, which had been pending for several years. The successful resolution of these disputes has not only saved the corporation a significant amount of money but has also helped to improve its financial performance and reputation.

The savings of over N3 billion from arbitrations is a significant achievement for NNPC, and it is a testament to the corporation's commitment to transparency, accountability, and good governance. It is also a reflection of the hard work and dedication of Kyari and his team, who have been working tirelessly to turn around the fortunes of the corporation.

It is worth noting that the savings from arbitrations are just one of the many achievements of Kyari's tenure as GMD of NNPC. Under his leadership, the corporation has also made significant progress in the areas of gas production, refining, and distribution, as well as in the development of new projects and initiatives aimed at increasing the country's oil and gas production capacity.

Overall, the successful resolution of NNPC's arbitrations is a significant milestone in the corporation's efforts to improve its financial performance and reputation, and it is a testament to the leadership and vision of Mallam Mele Kyari.