Shehu Sani, a former Kaduna lawmaker says reform in the
petroleum industry of Nigeria is critical for the survival of its economy and
future.
The former lawmaker said this as he commended the Group
Managing Director of NNPC, Mele Kyari, for the transitioning of the Nigerian
National Petroleum Company Limited, NNPC LTD to NNPC Limited.
President Muhammadu Buhari unveiled NNPC limited on Tuesday
in accordance with the Petroleum Industry Act.
According to the Act, NNPC Limited will run a commercial and
profit-focused organisation under the Company and Allied Matters Act (CAMA).
In a post on his Twitter page, Sani said the reform of NNPC
as a limited liability company will reposition Nigeria for the next step.
His tweet read: “Reform in the petroleum industry is
critical to the economic survival and future of Nigeria. The rebirth of the
state firm as a limited liability company is unprecedented, important and
commendable.
“Kudos to the GMD and the Minister. Repositioning it to
post-oil Nigeria is the next step.”
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