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President Buhari Endorse NNPC As A Global Oil Company

President Muhammadu Buhari, was presented with the certificate of Incorporation of the Nigeria National Petroleum Company limited at the Presidential villa, Abuja, on Friday.

While giving his speech at the brief event, President Buhari said the country expect nothing less from the Board of Directors, the Chief Executive Officer, and the Chief Finance Officer, than the realization of a global national oil company that this nation desires, and deserves.

Under the recently signed Petroleum Industry Act (PIA), the Nigerian National Petroleum Corporation (NNPC), was expected to transform to a limited liability company, a fact that has now been accomplished.

The President went on to describe the corporation as a significant milestone, in Nigeria's quest to create an enduring National Energy Company, that can compete with it global peers, and, also deliver value to it shareholders, the 'Nigerian people'.

In his remarks, Group Managing Director of NNPC, Mr Mete Kyari, said the Incorporation was "history made again," a massive transformation from what we know, to where we are going".

Content created and supplied by: MarkWitness (via Opera News )

Abuja Muhammadu Buhari NNPC Nigeria Petroleum Industry Act

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