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.
The structural change promises greater efficiency and profitability. Yet, questions remain about the true nature of this transformation: the company’s real ownership, its governance and operational independence. How does a wholly
