• About
  • Advertise
  • Privacy & Policy
  • Contact
Nigeria Grassroot News
Advertisement
  • Home
  • News
  • Tech
  • Entertainment
  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel
    ‘One- chance’, torture, maim, sad realities of Lagos Commuters

    ‘One- chance’, torture, maim, sad realities of Lagos Commuters

    AAUA Students Raise Concern Over Toilets’ Condition, Call For Management’s Action

    AAUA Students Raise Concern Over Toilets’ Condition, Call For Management’s Action

    Brain Drain: Statistics Predict Scary Fate for Nigeria

    Brain Drain: Statistics Predict Scary Fate for Nigeria

    Effects of Period Poverty Among Secondary School Girls in Ondo State

    Effects of Period Poverty Among Secondary School Girls in Ondo State

    ‘Japa Nation’, Nigerians run away in drove, the appeal and the burden

    ‘Japa Nation’, Nigerians run away in drove, the appeal and the burden

    Lagos Smart City Project; A Mission  Impossible Without Quality Health Care System

    Lagos Smart City Project; A Mission  Impossible Without Quality Health Care System

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Hinterland News
  • Gender Inclusion
  • Review
    Elesin Oba: The Tragic Effect of British Imperialism on African Society

    Elesin Oba: The Tragic Effect of British Imperialism on African Society

    Fathers’  Day Celebration: Cut Our Dad’s Some Slack

    Fathers’ Day Celebration: Cut Our Dad’s Some Slack

  • Report Violence
No Result
View All Result
  • Home
  • News
  • Tech
  • Entertainment
  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel
    ‘One- chance’, torture, maim, sad realities of Lagos Commuters

    ‘One- chance’, torture, maim, sad realities of Lagos Commuters

    AAUA Students Raise Concern Over Toilets’ Condition, Call For Management’s Action

    AAUA Students Raise Concern Over Toilets’ Condition, Call For Management’s Action

    Brain Drain: Statistics Predict Scary Fate for Nigeria

    Brain Drain: Statistics Predict Scary Fate for Nigeria

    Effects of Period Poverty Among Secondary School Girls in Ondo State

    Effects of Period Poverty Among Secondary School Girls in Ondo State

    ‘Japa Nation’, Nigerians run away in drove, the appeal and the burden

    ‘Japa Nation’, Nigerians run away in drove, the appeal and the burden

    Lagos Smart City Project; A Mission  Impossible Without Quality Health Care System

    Lagos Smart City Project; A Mission  Impossible Without Quality Health Care System

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Hinterland News
  • Gender Inclusion
  • Review
    Elesin Oba: The Tragic Effect of British Imperialism on African Society

    Elesin Oba: The Tragic Effect of British Imperialism on African Society

    Fathers’  Day Celebration: Cut Our Dad’s Some Slack

    Fathers’ Day Celebration: Cut Our Dad’s Some Slack

  • Report Violence
No Result
View All Result
Nigeria Grassroot News
No Result
View All Result
Home News Business

NNPC Now a ‘Private Entity’- Buhari

nigeriagrasrootnews by nigeriagrasrootnews
July 19, 2022
in Business, News, Politics
0
NNPC Now a ‘Private Entity’- Buhari
0
SHARES
28
VIEWS
Share on FacebookShare on Twitter

-Solomon Ilomechine

The President of the federal republic of Nigeria, Muhammadu Buhari, has officially unveiled the Nigerian National Petroleum Company Limited and has declared the new entity is free from institutional regulations henceforth.

The President made this public at the Presidential Villa at Abuja where he said that “The provisions of PIA (Petroleum Industry Act) 2021, have given the Nigerian petroleum industry a new impetus, with an improved fiscal framework, transparent governance, enhanced regulation, and the creation of a commercially-driven and independent national oil company that will operate without relying on government funding and free from institutional regulations such as the Treasury Single Account, Public Procurement, and Fiscal Responsibility Acts”.

He said the government was transforming the petroleum industry to strengthen its capacity and market relevance for current and future global energy priorities.

He further stated that the oil firm would conduct itself under best international business practices. “It will, of course, conduct itself under the best international business practice in transparency, governance, and commercial viability.”

Remember that President Buhari was among those who lead the creation of the Nigerian National Petroleum Corporation on the July 1, 1977 and Forty-Four years later, he has again been privileged to sign the Petroleum Industry Act in 2021, heralding the long-awaited reform of our petroleum sector.

“It is, therefore, my singular honour and privilege on this historic day of July 19, 2022, to unveil the NNPC Limited, with a focus on becoming a dynamic global energy company of choice to deliver energy for today for tomorrow, for the day days after tomorrow,” Buhari stated

The President further stated that coincidentally, “he on July 1, 2022, authorised the transfer of assets from the Nigerian National Petroleum Corporation to its successor company, the Nigerian National Petroleum Company Limited, and steered the implementation leading to the unveiling of Africa’s largest national oil company today.

President Buhari therefore, thank Almighty God for choosing him to consistently play an important role in shaping the destiny of the national oil company from the good to the great.

“NNPC Limited will operate as a commercial, independent, and viable NOC at par with its peers around the world to sustainably deliver value to its over 200 million shareholders and the global energy community while adhering to its fundamental corporate values of integrity, excellence, and sustainability.” Present at the unveiling was the NNPC CEO Mele Kyari, NNPC board chairman Margery Chuba okadigbo and the minister of state petroleum

Tags: Buhari unveil New NNPCMele KyariNigerian National Petroleum Company LimitedNNPC free from government InterferencePresident Buhari
Previous Post

Oyo Assembly(OYHA) Sacks Deputy Governor

Next Post

No substitute for adequate preparation, University Don warns

nigeriagrasrootnews

nigeriagrasrootnews

Next Post
No substitute for adequate preparation, University Don warns

No substitute for adequate preparation, University Don warns

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 121 Followers
  • 23.7k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
UNDERCOVER: Government Policies Of  Indiscriminate Waste Disposal Endangers Lives In Kwara State

UNDERCOVER: Government Policies Of  Indiscriminate Waste Disposal Endangers Lives In Kwara State

August 14, 2022
Special Report:  Everyday Hazard, Low Financial Support and Self-Medication: Plights of Women in Oyo Garri Producing Community

Special Report:  Everyday Hazard, Low Financial Support and Self-Medication: Plights of Women in Oyo Garri Producing Community

September 20, 2022
The Untold Narratives Of Teenage Pregnancy  On School Dropout Among Secondary school  Girls

The Untold Narratives Of Teenage Pregnancy On School Dropout Among Secondary school Girls

September 15, 2022
Press Week: AAUA NAMACOS Observes Public Lecture/ Symposium

Press Week: AAUA NAMACOS Observes Public Lecture/ Symposium

December 9, 2022
How Poor Road Condition In Port Harcourt Affects Nursing Mothers, Pregnant Women On Daily Basis

How Poor Road Condition In Port Harcourt Affects Nursing Mothers, Pregnant Women On Daily Basis

7
Nigeria Grassroot News is hiring

Nigeria Grassroot News is hiring

6
Celebrity Marriage: The Untold Tale of a Double-Edged Sword

Celebrity Marriage: The Untold Tale of a Double-Edged Sword

4
Health Implications Of Magnesium To Our Body System.

Health Implications Of Magnesium To Our Body System.

2
How Young Nigerian Entrepreneur is Making Money From Google Internet Marketing

How Young Nigerian Entrepreneur is Making Money From Google Internet Marketing

February 2, 2023
Inside Akungba: Irony Of Stable Electricity When AAUA Students Are On Break

Inside Akungba: Irony Of Stable Electricity When AAUA Students Are On Break

February 2, 2023
Ikeja and entire Lagos commercial banks’ customers groan under…

Ikeja and entire Lagos commercial banks’ customers groan under…

January 29, 2023
The Effects of 86FB Ponzi scheme on Nigeria Students

The Effects of 86FB Ponzi scheme on Nigeria Students

January 10, 2023

Recent News

How Young Nigerian Entrepreneur is Making Money From Google Internet Marketing

How Young Nigerian Entrepreneur is Making Money From Google Internet Marketing

February 2, 2023
Inside Akungba: Irony Of Stable Electricity When AAUA Students Are On Break

Inside Akungba: Irony Of Stable Electricity When AAUA Students Are On Break

February 2, 2023
Ikeja and entire Lagos commercial banks’ customers groan under…

Ikeja and entire Lagos commercial banks’ customers groan under…

January 29, 2023
The Effects of 86FB Ponzi scheme on Nigeria Students

The Effects of 86FB Ponzi scheme on Nigeria Students

January 10, 2023
Nigeria Grassroot News

Nigeria Grassroot News bring you authoritative and premium Grassroot news across Nigeria.

Follow Us

Browse by Category

  • Apps
  • Basic education
  • Business
  • Central Bank of Nigeria and the New naira notes challenges
  • Child Marriage issues in Nigeria
  • Climate Change and Flood
  • Community News
  • Disability Acts in Nigeria
  • Disability and Inclusion
  • Education
  • Election and Disability Rights in Nigeria
  • Election in Nigeria
  • Entertainment
  • Environment
  • Exclusive report
  • Fashion
  • Financial intelligence
  • Food
  • Fraudulent money making scheme
  • Gadget
  • Gaming
  • Gender Inclusion
  • Health
  • Hinterland News
  • Infrastructural development
  • Lifestyle
  • Media Capacity development
  • Media Skill Developmet
  • Migration issues and challenges
  • Mobile
  • Money ,matter
  • Movie
  • News
  • Nigeria's politics
  • Opinion/ViewPoint
  • Politics
  • Ponzi schemes in Nigeria
  • Report Crisis
  • Report Violence
  • Review
  • Rural electrification
  • Science
  • Security and safety
  • Special report
  • Sport
  • Sport Management In Nigeria
  • Sports
  • Startup
  • Tech
  • Transportation
  • Travel
  • Uncategorized
  • Under Cover
  • Water project in rural areas
  • Women Empowerment Policy in Nigeria
  • World

Recent News

How Young Nigerian Entrepreneur is Making Money From Google Internet Marketing

How Young Nigerian Entrepreneur is Making Money From Google Internet Marketing

February 2, 2023
Inside Akungba: Irony Of Stable Electricity When AAUA Students Are On Break

Inside Akungba: Irony Of Stable Electricity When AAUA Students Are On Break

February 2, 2023
  • Home
  • News
  • Tech
  • Entertainment
  • Lifestyle
  • Hinterland News
  • Gender Inclusion
  • Review
  • Report Violence

All Rights Reserved © 2022 Nigeria Grassroot News

No Result
View All Result
  • Home
  • News
  • Tech
  • Entertainment
  • Lifestyle
  • Hinterland News
  • Gender Inclusion
  • Review
  • Report Violence

All Rights Reserved © 2022 Nigeria Grassroot News