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NNPC, Budget office strategize on resource optimization
Yemie ADEOYE
Houston Tx- THE Nigerian National Petroleum Corporation (NNPC) and the Budget Office of the Federation have commenced extensive round-robin stakeholder engagement designed to seek effective coordination of the 2020-2022 medium term fiscal frameworks.
NNPC GMD, Mallam Mele Kyari, presenting an NNPC publication to the Director General of the Budget Office of the Federation, Mr. Ben Akabueze, during the his visit to the NNPC Towers…Tuesday.
The meeting which teed-off at the NNPC Towers on Tuesday had in attendance the Group Managing Director of the Corporation, Mallam Mele Kyari, and his Top Management team in parley with the Budget Office of the Federation led by the Director General, Mr. Ben Akabueze and his team.
Mallam Kyari said the parley marked the beginning of an extensive collaboration with the budget office to harmonize strategies geared towards ensuring optimization of resources aimed at improving the corporation’s revenue generation ability.
The NNPC GMD said as the main enabler of the Nigerian economy, the NNPC would work with the Budget Office to further transparency and enhance prevailing sanity in the reporting of oil and gas revenue remittances to the Federation Account.
He said as the entity entrusted with the mandate of superintending over the nation’s vast hydrocarbon resources on behalf of the government and people of Nigeria, the NNPC must be open and accountable to all stakeholders.
Earlier in his address, Mr. Akabueze said it was important to meet with the NNPC Management at top level to drill down on all issues and possible fiscal scenarios ahead of the 2020-2023 budgetary frameworks.
He said the budget office was looking up to fruitful deliberations with the NNPC strategy team in the weeks and months ahead to smoothen the process of achieving a win-win fiscal regime.
Akabueze noted that despite the push to diversify the nation’s revenue base, the oil and gas sector remain the main earner of foreign exchange in Nigeria.
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Inside Tinubu’s Closed-Door Meeting With Opposition Leaders – SDP, IPAC Reveal Details
The Social Democratic Party (SDP) and the Inter-Party Advisory Council (IPAC) have disclosed details of their recent closed-door meeting with President Bola Tinubu, explaining that the engagement focused on strengthening Nigeria’s democratic process ahead of the 2027 general elections.
The clarification came amid speculation surrounding the meeting, which took place at the Presidential Villa in Abuja after leaders of several opposition parties attended an Iftar dinner hosted by the president earlier in the week.
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Speaking during a gathering hosted in Abuja by the SDP’s former presidential candidate, Adewole Adebayo on Friday, the party’s National Chairman, Prof. Sadiq Gombe, said the meeting with Tinubu followed an official invitation from the Presidency and lasted about an hour.
According to Gombe, the discussion centred on the need to strengthen Nigeria’s electoral laws and restore public confidence in the country’s electoral process ahead of the 2027 polls.
He explained that the meeting provided an opportunity for party leaders to remind the president of the importance of conducting transparent, free, and credible elections.
Gombe noted that democracy can only thrive when governments listen to the concerns of citizens and ensure electoral processes that guarantee fairness and accountability.
The SDP chairman also expressed concern over growing voter apathy, pointing to the low turnout recorded in the recent Area Council election in the Federal Capital Territory.
He said the Abuja Municipal Area Council election witnessed only about seven per cent voter turnout, which he described as a clear sign that many Nigerians are losing confidence in the electoral system.
Gombe urged the government and members of the National Assembly to take urgent steps to review electoral laws and rebuild public trust in Nigeria’s democracy.
Also speaking, the National Chairman of IPAC, Dr. Yusuf Dantalle, said political parties used the meeting to raise concerns about aspects of proposed electoral reforms, particularly issues related to indirect primaries and the mandatory electronic transmission of results.
Dantalle explained that the parties appealed to the president to use his influence to encourage legislative review where necessary, noting that reforms should strengthen, rather than complicate, the democratic process.
He expressed optimism that Tinubu would consider the concerns raised and support necessary amendments that would improve the electoral system.
The IPAC chairman also called on the Independent National Electoral Commission (INEC) to strictly adhere to electoral guidelines as preparations for the next election cycle begin.
Earlier in his remarks, Adebayo cautioned political actors against turning the 2027 general elections into a do-or-die contest, stressing that the primary goal of democracy should be the progress and stability of Nigeria rather than personal political victories.
He urged leaders across political parties to encourage citizens to actively participate in the democratic process and ensure that elections are conducted peacefully and transparently.
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