November 28, 2022



New NNPC Restricted: Group commends President Buhari 

The Affiliation of Mega Filling Station House owners of Nigeria (AMFSON) has recommended President Muhammadu Buhari for the robust political will he displayed in unbundling the Nigerian Nationwide Petroleum Company (NNPC) which has resulted within the emergence of the Nigeria Nationwide Petroleum Firm (NNPC Restricted).

President Buhari final week, formally unveiled the brand new NNPC Restricted at a floor breaking ceremony held on the Banquet Corridor of the Presidential Villa, Abuja. The revealing marks the formal transitioning of the oil large from a authorities parastatal to a full business firm to be regulated by the Corporations and allied Issues Act (CAMA).

AMFSON in a press release, described the transition of NNPC beneath President Buhari as historic, noting that it was President Buhari who supervised the institution of NNPC in 1977 when he was serving as minister of Petroleum beneath Basic Olusegun Obasanjo.

AMFSON President, Chief Anthony Amitaye, acknowledged that the transistion of NNPC to a full business enterprise holds the important thing to the unlocking of big untapped potentials within the nation’s petroleum trade.

Responding, the Ag managing director of NNPC Retail Restricted, Bello Lawal, expressed gratitude to the members of the affiliation for deeming it match for them to got here and rub minds with the corporate. He assured that the assembly would mark the start of a brand new relationship as NNPC Retail is within the technique of consulting with its related stakeholders.

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