new Nigerian National Petroleum Company Limited, a landmark event that officially changes the oil firm from a wholly state-run entity to a commercial oil company, limited by shares.
“We are transforming our petroleum industry to strengthen the growth today July, 19 2022,”
Muhammadu Buhari
The NNPC Limited is expected to be managed as a private energy enterprise unlike the former corruption-ridden government organisation.
The unveiling took place at the presidential banquet hall in Abuja.
“We are transforming our petroleum industry to strengthen the growth today July, 19 2022,” Mr Buhari said at the event.
“NNPC Limited now will operate as a commercial oil company with over 200 million shareholders with integrity and excellence.”
