Author:The policy advisory council of President Bola Tinubu has recommended that the federal government becomes a minority shareholder in the Nigerian National Petroleum Company Limited before May 2027.
The members of the committee are Austin Avuru, Olu Verheijen, AbdulRasaq Isa, Bashir Bello, Ifeanyi Ajuluchukwu, Doyin Akinyanju, Tinuade Sande, Ahmad Zakari, George Etomi, Nasiru Wada, Mohammed Abbas, and Segun Lawson.Before the end of the present administration, the committee advised the NNPC to form global strategic partnerships with other coventurers.
By 2030, the committee projected that gas production capacity will increase to 12 bcf per day, oil production capacity to 4 million bpd, and petrochemicals capacity to 7,5000 kta.
The council called for a reform of the operations of the military task force on oil theft with clearly defined key performance indicators . The council also recommended that the administration should strip “NNPCL of policy-making roles and keepThe advisory council also called for the expansion of domestic gas reserves and the promotion of the development of a diversified oil and gas industry by implementing reforms in the Petroleum Industry Act , including the National Gas Transportation Network Code .