For decades, the commercialisation of the Nigerian National Petroleum Corporation had been the subject of discussions among critical stakeholders in the oil and gas sector. But there was hardly any framework for its implementation.
But with the unveiling of the entity in 2021 as a Company and Allied Matters Act (CAMA) firm under the brand name of the Nigerian National Petroleum Company Ltd, as encapsulated in the Petroleum Industry Act (PIA), the ground was set for a reformed national oil company that is ready to compete with its peers globally.
