NNPCL Emerges as First African State-Owned Oil Company to Join UN Global Compact
The Nigerian National Petroleum Corporation Limited (NNPCL) has emerged as the first state-owned oil company in Africa to sign up for participation in the United Nations Global Compact, the world’s largest voluntary corporate sustainability initiative.
The signing of the agreement was conducted by Mele Kyari, the Managing Director/CEO of NNPCL, and Naomi Nwokolo, the Executive Director of UN Global Compact Nigeria on Thursday, September 21, on the sidelines of the 78th United Nations General Assembly session in the presence of Nigeria’s Minister of Trade and Investment, Honorable (Dr.) Doris Nkiruka Uzoka-Anite.
According to some experts, by joining the United Nations Global Compact, NNPCL has demonstrated its dedication to aligning business strategies and operations with universal human rights, labour, environment, and anti-corruption principles.
Shaibu Adamu, a public affairs commentator also hinted that this significant step reinforces Nigeria’s commitment to international best practices and sustainability, particularly within the oil and gas industry, which plays a pivotal role in the nation’s economy.
“NNPCL’s decision to embrace the UN Global Compact underscores the importance of corporate responsibility and sustainable development in addressing global challenges.
“This move is expected to have a positive ripple effect on Nigeria’s oil and gas sector and serve as a catalyst for other African state-owned oil companies to follow suit.
“NNPCL’s participation in the United Nations Global Compact represents a commendable stride toward a more sustainable and responsible future, both for the company and the continent at large,” Adamu added.
