The presidential candidate of the Peoples Democratic Party (PDP) Atiku Abubakar has praised President Muhammadu Buhari for turning the Nigerian National Petroleum Corporation (NNPC) into a limited liability company, the Nigerian National Petroleum Company Limited (NNPCL).
The former vice president revealed that the move was part of his 2018 proposal to overhaul the petroleum industry in order to gain more profit and be cost-effective.
Recall that Naija News earlier reported that the that President Muhammadu Buhari on Tuesday unveiled the new NNPC logo with the motto: “Energy Today, Energy Tomorrow.”
The new company will no longer be government owned but state bodies will remain share holders and be checked every year.
Reacting to the new status of NNPC, Atiku stated via a post on social media that he was happy with the development.
He said: “I had in 2018 made public my plans to reform the NNPC to make it more profitable, transparent, and efficient. The APC-led government denigrated me for my patriotic vision. But today, I am happy to note that the same government has taken a tentative step along the lines of the suggestions that I had made.”
This article was originally published on Naija News