President Muhammadu Buhari has unveiled the Nigerian National Petroleum Company Limited, assuring that the new company will guarantee energy security in the country.
The President described the NNPC Limited as the largest national oil company in Africa.
He said the new enterprise would also support sustainable growth across other sectors of the economy.
According to Buhari, NNPC Limited will sustainably deliver value to its over two hundred million shareholders and the global energy community without relying on government funding.
He equally said the company would be free from institutional regulations such as the Treasury Single Account,TSA.