The Nigerian National Petroleum Corporation Limited (NNPCL), a cornerstone of Nigeria’s economy, holds the critical responsibility of managing the nation’s extensive oil and gas resources. However, over the years, allegations of corruption, inefficiency, and a lack of transparency have significantly eroded public confidence in the institution.
The skepticism resurfaced following NNPCL’s announcement that the Port Harcourt Refinery would become operational by late 2024. Many Nigerians remain doubtful about the viability of a facility that has been non-functional for decades.
Former President Olusegun Obasanjo, in a recent interview with Channels TV, recalled how the NNPC rejected Aliko Dangote’s $750 million offer to manage Nigeria’s oil refineries. Obasanjo argued that the refineries could not succeed under NNPC’s leadership.
He further cited concerns raised by Shell Petroleum Development Company (SPDC), which declined equity participation in the refinery due to fears that corruption would undermine its operations. The former president also accused NNPCL of misleading Nigerians regarding the refinery’s readiness and functionality.
In response, NNPCL’s Chief Corporate Communications Officer, Mr. Olufemi Soneye, invited Obasanjo to visit the facility, emphasizing the company’s commitment to transparency and accountability.
“We respectfully invite our esteemed former president to join us in this effort as we continue to deliver energy security for our nation and provide tangible benefits to Nigerians,” Soneye said. “His wisdom and experience are invaluable, and we assure him that his advice will always be welcomed and appreciated.”
Soneye highlighted NNPCL’s transformation from a government corporation to a private entity with limited liability, noting that the transition has shifted the organization from a loss-making enterprise to a profit-driven international energy firm.
He assured Nigerians that the new NNPC Limited is not only committed to revitalizing the nation’s refineries but also to maintaining them at global standards.
While Soneye continues to highlight the transformation underway at the new NNPC, it is undeniable that one of the greatest challenges facing the organization today is the issue of public trust, eroded by years of mismanagement. To rebuild this trust, NNPC must adopt a comprehensive approach that prioritizes accountability, transparency, and an unwavering commitment to serving the interests of Nigerians.
NNPC must embrace transparency as the cornerstone in its dealings. Transparency is non-negotiable in regaining public trust. NNPC must commit to regularly publishing its financial statements, audited by reputable international firms. Nigerians need to see where revenues are coming from and how they are being spent. Moreover, the organization should disclose details of oil and gas contracts, including the bidding processes, to eliminate perceptions of favoritism or corruption.
By making these documents publicly accessible, NNPC can position itself as an open and accountable organization that prioritizes the interests of the people.
Corruption has been a significant issue in Nigeria’s oil sector. To address this, NNPC must enforce a zero-tolerance policy against corrupt practices within its ranks. Establishing a robust whistleblower system with guarantees of anonymity and protection will encourage employees and stakeholders to report unethical behavior.
Furthermore, any individual found guilty of corrupt activities should face prosecution, sending a strong message that the era of impunity is over. Partnering with anti-corruption agencies and civil society organizations can also lend credibility to these efforts.
NNPC’s inefficiency has often contributed to fuel scarcity and economic instability. To improve operations, the corporation must modernize its infrastructure, including refineries, pipelines, and storage facilities. Increasing refining capacity to reduce dependence on imports is critical to ensuring consistent fuel availability.
Adopting advanced technologies and fostering partnerships with private and international firms can help streamline processes, reduce costs, and minimize waste. An efficient NNPC will not only boost its reputation but also positively impact the Nigerian economy.
Host communities in Nigeria’s oil-producing regions have long felt marginalized, often bearing the brunt of environmental degradation without commensurate benefits. NNPC must engage these communities in meaningful dialogue and ensure they benefit from oil revenues through infrastructure development, education, and healthcare initiatives.
Moreover, addressing environmental concerns, such as oil spills and gas flaring, should be a priority. Taking proactive steps to restore affected areas will demonstrate NNPC’s commitment to sustainability and social responsibility.
Frequent policy changes and a lack of communication have led to confusion and mistrust. NNPC must work with the government to ensure stable and predictable policies in the oil and gas sector.
Regularly updating the public on its activities, challenges, and successes through various channels, including social media and town hall meetings, will foster a sense of inclusion and transparency. Nigerians want to feel heard, and open communication is a vital step in achieving this.
The issue of fuel pricing has often been contentious in Nigeria. NNPC must ensure that pricing mechanisms are transparent and fair. Subsidy policies, if returned, should be clearly explained and managed to avoid exploitative practices.
Additionally, investments in infrastructure to ensure nationwide accessibility to petroleum products will address recurring supply shortages and alleviate public frustration.
Regaining public trust is a challenging but achievable goal for NNPC. By prioritizing transparency, tackling corruption, improving efficiency, and fostering community engagement, the the oil giant can rebuild its image and become a source of national pride. Nigerians are eager to see an NNPC that works for them, ensuring that the country’s oil wealth translates into tangible benefits for all.
