Group chief executive officer of the Nigerian National Petroleum Company (NNPC), Mele Kyari, has highlighted the positive impact of the president Bola Tinubu monetary and fiscal policies on the country’s currency market.
Speaking with newsmen after paying Sallah homage to the president yesterday in Lagos, Kyari said the clear policy directives implemented by President Tinubu have been instrumental in driving favorable changes in the currency landscape.
“There are clear monetary and fiscal policies that the president has put in place that are working, and that is bringing about all the changes in the currency market,” he stated.
The NNPC boss expressed confidence in the president’s economic management, noting that the combination of improved stability in the company’s projects and better pricing in the petroleum export market has resulted in additional resources becoming available to the country.
“It is clear that the majority of our exports in this country is petroleum, and that can earn foreign currency.
“There is a significant improvement today in the market in terms of pricing, and we are also able to establish some level of stability in our projects, which is bringing additional resources available to our country,” Kyari said.
He also reaffirmed the NNPC’s unwavering commitment to supporting President Tinubu’s agenda of delivering gas to both the domestic and international markets.
He also said the Sallah holiday provided a platform for the corporation’s leadership to reiterate its moral and eternal obligation to serve the country and its leader.
“The Sallah is always an occasion for citizens and those with the responsibility to affirm their commitment to their country and president,” Kyari said.
He emphasized the importance of aligning with the president’s vision for the oil and gas sector, which is seen as crucial for Nigeria’s economic transformation and prosperity.
