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Would NNPC be privatised with the reform?

nnpc privatised reform
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Would NNPC be privatised with the reform?

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NNPC would not be privatised. It will be fully commercialised. The reform will rather see the present NNPC transit from being a statutory Corporation into a Limited Liability Company under the Companies and Allied Matter Act. It will function as a purely commercial business entity but wholly owned by Government. It would have freedom to enter into commercial ventures within and outside of Nigeria and pay taxes on its profit to the Government.

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