The President also said he was happy to note that the National Assembly has confirmed his nominations for the Board and Management of the two regulatory institutions, and expects immediate take-off to facilitate effective implementation of the provisions of the PIA “on accelerated gas development and optimization of oil production and support for energy transition.”
In his remarks, Group Managing Director of NNPC, Mele Kyari, said the incorporation was “history made again, a massive transformation from what we know, to where we are going,” under the leadership of Buhari. He added that lots of values have been delivered in the past six years, “and we still have further accountability and values to deliver.”
Registrar/Chief Executive Officer of the Corporate Affairs Commission, Garba Abubakar, said the registration, accomplished within 24 hours, has complied with all requirements of the Companies and Allied Matters Act, and the PIA, disclosing that the new company is one with largest capitalization of N200 billion in the country.
He added that the registration in the short time, “underscores strong collaborations among agencies of government.”
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