Nigeria: Mele Kyari on the way out, between sales of oil blocks and political tensions.

In the tumultuous world of Nigerian oil, business is in full swing as Nigerian National Petroleum Corporation (NNPC) CEO Mele Kyari looks set to step down. Faced with this potentially major change, he is determined to finalize the sale of several oil blocks before a departure that, in many ways, looks like a coup. What are his real intentions? Is this a clever move to look good after a controversial adventure?

A hot file before a burning departure

According to sources close to the NNPC, Mele Kyari is in advanced talks on the sale process of several oil blocks. This is not just about money, but a delicate dance between personal ambition and business opportunity. He is expected to seek to maximize his investment while also reinforcing his reputation, which has been tarnished by accusations of mismanagement and lack of transparency at the helm of the company.

A volatile political context

Nigeria’s oil sector is in a state of constant upheaval, with every decision being as politicized as it is strategic. Rumours of Kyari’s imminent departure coincide with rising political tensions in a country where the struggle for power and resources is relentless. This begs the question: is Kyari looking for an exit route to avoid the coming storms, or is he preparing the ground for a futuristic transition at the NNPC, ensuring that his legacy is not totally neglected?

NNPC's future at stake

As the negotiations continue, market players and analysts are scrutinizing Kyari’s every move. Regulatory holdups and uncertainty over oil prices are making the game even more complex. The block sales could bring in millions for the nation, but under whose governance and with what consequences for the population, already strained by corruption and mismanagement of natural resources? Who will have the final say in this affair?

This saga, rich in intrigue, is only just beginning. This latest chapter of Kyari at the helm of the NNPC could well write a new page in the history of the Nigerian oil industry, for better or for worse.