Kyari Reveals When NNPC Will Declare First Dividend

Kyari Reveals When NNPC Will Declare First Dividend

The Group Managing Director, of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari has said the corporation will declare its first dividend to Nigerians as it prepares to release its 2020 financial statements in the third quarter of this year.

Kyari disclosed this on Monday in Lagos while delivering an address at the opening ceremony of the Nigeria Annual International Conference and Exhibition organised by the Society of Petroleum Engineers.

Speaking further, the NNPC boss said the corporation is doing everything to must align with the wider national interest.

“And therefore, 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 dividends to the Nigerian people.”

Kyari also said the corporation would play a key role in the global transition to low carbon energy in the near future. Describing Nigeria’s gas reserves as tremendous, the NNPC boss said they “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 added.

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