Buhari Grants Approval For Incorporation Of NNPC, Appoints Board Members

President Muhammadu Buhari has given approval for the incorporation of the Nigerian National Petroleum Company (NNPC).

The development is in line with the recently signed Petroleum Industry Act (PIA).

A statement on Sunday by Buhari’s Special Adviser on Media and Publicity, Mr Femi Adesina said the President in his capacity as the Minister of Petroleum Resources, acted in accordance with the provisions of  Section 53(1) of the Petroleum Industry Act 2021.

Apart from the incorporation of the NNPC, President Buhari also approved the appointment of the Board and Management of the…