The Nigerian National Petroleum Corporation (NNPC) will pay its first dividend to Nigerians in the third quarter of this year, as it prepares to disclose its 2020 financial accounts, according to the Group Managing Director Mele Kyari.
Kyari made the announcement in Lagos while speaking at the Society of Petroleum Engineers’ Nigeria Annual International Conference and Exhibition’s opening ceremony.
“Everything we do must align with the wider national interest,” he stated. As a result, NNPC, being the representatives of all of us and, is, of course, a very potential global player – this is our ambition and we are getting there.
“And I can tell you, within the next month or two maximum, we will publish our statement of accounts for 2020. And I can also confirm to you that for the first time in our history, we will declare dividend to the Nigerian people.”
Kyari said the corporation would play a key role in the global transition to low carbon energy in the near future.
“Our tremendous natural gas reserves have become our greatest enabler to smooth transition to low carbon energy. We are deepening natural gas utilisation under the national gas expansion plan to earn more carbon credits and create a net zero carbon environment in line with our drive to becoming an energy company of global excellence,” he explained.