Buhari Unveils ‘New NNPC’ Company Amid Fuel Crisis, Says It’ll Ensure Energy Security In Nigeria | Sahara Reporters

  • 📰 SaharaReporters
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Buhari, who gave the assurance on Tuesday during the official unveiling of the company, said it would also support sustainable growth across other sectors of the economy in the country as it delivers energy to the world.

President Muhammadu Buhari has said that the newly unveiled Nigerian National Petroleum Company Limited would strengthen the Nigerian energy sector and guarantee energy security.

Buhari said, “Our country places high premium in creating the right atmosphere that supports investment and growth to boost our economy and continue to play an important role in sustaining global energy requirements. “The provisions of PIA 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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Confused president

He came in 2015 and took over NNPC as minister only to ensure his promises never came through, refineries didn't work all through, high level of oil theft. etc. Now he is going and wants to take it along. This move should be investigated meticulously.

NNPC has been sold to Chinese to service loan

I beg, just pack you things and leave come 2023, ahhh, I am just tired

No wonder they’re repainting NNPC in Abeokuta.

The DPR that was changed, how come we keep having weird petrol prices that the government can affirm and nothing is heard from them? Are you guys just sharing offices and businesses? Work!

Who account for the fraud, misappropriation of taxpayers money that has taken place in the old NNPC? Buhari and his cohorts think Dem wise? Putting old wine in a new bottle now called it NewNNPC , who is a fool?

Unveil abi them just change sign board, make them talk am well o…

PMB is repositioning NIGERIA for the good of all NIGERIANS

Wash

Energy for today Energy for tomorrow

Ya Allah make this government not to be more worse than b4

Instead of refining, they want to procure and sell back to the states that the crude is coming from. Our NNPC don turn to private limited liability company ooo! Don't worry, Obi/Datti will scrap out this fraud your government is creating, e no reach better 7 months to go....

When you support clueless people in government this is the result 💁‍♂️

God forgive me but thunder fire OfficialAPCNg and anyone supporting them now

Iraanu

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New NNPC will guarantee energy security, Buhari declares at unveiling of oil company | The Guardian Nigeria News - Nigeria and World NewsPresident Muhammadu Buhari Tuesday in Abuja unveiled the new Nigerian National Petroleum Company Limited (NNPC Limited), affirming that the company is mandated by law to ensure that Nigeria’s national energy security is guaranteed. Speaking at the historic occasion at State House Conference Centre, the President said Africa’s largest National Oil Company (NOC) would also support […] Ok!
Source: GuardianNigeria - 🏆 1. / 94 Read more »