Thread by @toluogunlesi

The unveiling of the new @nnpclimited by President Buhari, later this morning at the State House.

The new Petroleum Industry Act 2021 (PIA) has transformed the Corporation into a limited liability company, governed by the new CAMA 2020. #AsoVillaToday

Event set to kick off. President Buhari is now taking a tour of the “NNPC Museum”, a pop-up museum set up within the StateHouse Conference Center. #NNPCIsTransitioning #NNPCLimited

Watch live here:

Follow #NewNNPC and #NNPCIsTransitioning for updates.

Event has kicked off, with the arrival of President @MBuhari #NewNNPC

#NewNNPC

#NewNNPC

“A new beginning for the energy industry in #Nigeria and the world.” — @MKKyari #NewNNPC #NNPCIsTransitioning

The journey to today’s unveiling of #NewNNPC was kickstarted by this: the historic passage by @nassnigeria and the signing into Law by President @MBuhari of the Petroleum Industry Bill (PIB), in 2021, after almost 20 years of failed attempts.

https://twitter.com/toluogunlesi/status/1497214884756471845

Petroleum Ministers from Niger and Equatorial Guinea are here, to commemorate this event with 🇳🇬. #NewNNPC

Minister of State Petroleum Resources @HETimipreSylva says Nigeria lost US$50 Billion of new investment waiting for the PIB to become PIA.
#NewNNPC

Programme of Events: #NewNNPC

“Expectations are high, with the unveiling of the #NewNNPC.” — @HETimipreSylva

With the signing by PMB of the PIB into PIA, on August 16, 2021, NNPC has transitioned into a Limited Liability Company, to be known as @nnpclimited, incorporated under CAMA, and expected to be a commercially-run company that will declare dividends to its shareholders. #NewNNPC

@Asa_official X @StayCavy #NewNNPC

President @MBuhari: By chance of history, I was privileged to lead the creation of the NNPC, on July 1, 1977. I was again privileged to sign the PIB in 2021, 44 years later, heralding the long-awaited reform of the Nigerian oil and gas industry. #NewNNPC

President Buhari was the first Board Chairman of @nnpclimited, assuming office July 1, 1977. #NewNNPC

🎶 A Whole New World 🎵 #NewNNPC

Clarification:

https://twitter.com/toluogunlesi/status/1549350198782074884

#NewNNPC

Senator Margery Chuba-Okadigbo, Chairperson of the Board of @nnpclimited. Appointed by President @MBuhari in January 2022. #NewNNPC