President Muhammadu Buhari has officially unveiled the Nigerian National Petroleum Company Limited, in line with the provisions of the Petroleum Industry Act, 2021.
The unveiling, which took place earlier on Tuesday at the State House, Abuja, was aimed at promoting transparency, accountability and energy security.
President Buhari described the unveiling as a landmark event that will enable NNPC to compete with other developed countries globally .
The Act enables NNPC Limited to run a commercial and profit-focused operation as an organisation under the Companies and Allied Matters Act (CAMA).
The event was attended by Senate President, Ahmed Lawan, Speaker of the House of Representatives, Femi Gbajabiamila, Minister of State for Petroleum Resources, Timipre Sylva and the Group Managing Director of NNPC, Mele Kyari, Secretary to the Government of the Federation, Boss Mustapha and other players in the oil and gas sectors.
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