Posted on Sep 20, 2021
President Muhammadu Buhari has commenced the implementation of the Petroleum Industry Act (PIA) by directing that the Nigerian National Petroleum Company (NNPC) Limited be incorporated.
He also approved the appointment of the Board and Management of the NNPC Limited with Senator Ifeanyi Ararume as Chairman and the Group Managing-Director of the Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, as Chief Executive Officer.
In a statement by his Special Adviser on Media and Publicity, Mr Femi Adesina, President Buhari acted in accordance to provisions of the PIA as Minister of Petroleum Resources, adding that the appointments take effect from the date of the company’s incorporation.
“President Muhammadu Buhari, in his capacity as Minister of Petroleum Resources, has directed the incorporation of the Nigerian National Petroleum Company Limited.