From Monopoly To Market NNPC Ltd Must Break The Chains Of State Control To Succeed

TRACKING TRENDS | INFORMING DECISIONS

SUGGESTIONS

Second Term | Minimum Wage | Subsidy Removal

From monopoly to market: NNPC Ltd must break the chains of state control to succeed

Dr. Vincent Nwanma | Opinion | May 12, 2025

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The transformation of the Nigerian National Petroleum Corporation (NNPC) into NNPC Limited is one of the most significant reforms in Nigeria’s oil and gas sector in decades. This move, driven by the Petroleum Industry Act (PIA), aims to reposition the company as a commercially oriented and profit-driven enterprise.

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