PIA Implementation: Kyari Says With 4.56trn Burdens, NNPC To Shed Toxic Liabilities In 2022 - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (J.T)
January 17, 2022
Group General Manager, Group Public Affairs Division of NNPCGarba Muhammad in a statement quoted Kyari as saying this while addressing staff of the organisation in a town hall meeting in Abuja. Sections 55 and 56 of the PIA provides the process of transition from NNPC to NNPC Limited and the transfer of the assets and liability of the state-owned oil companies.
The NNPC Chief Executive explained that part of the plans of the new entity in the New Year was to do away with the high liabilities.
The statement also quoted Kyari as saying that the commencement of full implementation of PIA would provide business opportunities that would enable the company earn more revenues for the country.
According to him, the new legislation has raised shareholders’ expectations of the company, even as it has given it a wide room to make progress.