BREAKING: Buhari Unveils New NNPC Ltd

President Muhammadu Buhari, Tuesday, unveiled the new Nigerian National Petroleum Company (NNPC) Ltd in line with the provisions of the Petroleum Industry Act 2021.

He unveiled the new NNPC Ltd at the State House in Abuja, signalling a new era of transparency, accountability and energy security for the country.

The Group CEO of the NNPC Ltd, Mele Kyari; Chairman of the Board of NNPC, Margary Okadigbo; the Minister of State for Petroleum Resources, Timipre Sylva; the Senate President, Ahmad Lawan; Speaker of the House of Representatives, Femi Gbajabiamila; and other top officials in the public and private sectors were present.

Speaking during the event, Buhari who assured Nigerians of energy security, described the unveiling as a landmark event as it has given the NNPC Ltd a footing to operate competitively in line with its peers globally.

He said under the new dispensation, the NNPC Ltd will be free from government funding and other bottlenecks such as the Treasury Single Account and procurement bureaucracies among others.

The president also commended the leadership and members of the National Assembly for their patriotism in passing the PIA 2021

Details later…

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