The much awaited Petroleum industry Bill 2020 has been sent to the national assembly by President Muhammadu Buhari and has proposed the creation of the Nigerian National Petroleum Company Limited. The bill also
proposes the scrapping of the Nigerian National Petroleum Corporation(NNPC) and the Petroleum Products Pricing Regulatory Agency(PPPRA)
The bill states that the NNPC Limited will be incorporated by the Minister of Petroleum, who together with his finance counterparts, will determine NNPC’s assets and liabilities that will be inherited by the new firm.
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