Following the unveiling of the new NNPC Logo by the President Muhammadu Buhari, the Presidential candidate of the Peoples Democratic Party, Atiku Abubakar, has applauded the decision to transform the Nigerian National Petroleum Corporation into a limited liability company, stating that it was part of his proposal in 2018 to overhaul the petroleum industry in order to gain more profit and be cost effective.

The outcome of the event which took place on Tuesday in Abuja, signifies that the NNPC will be a commercial oil company independent of the government, but state bodies will remain shareholders, and will be checked upon every year.

The former Vice President, Atiku while commenting on the Unveiling Via a post expressed happiness with the innovative mood but noted that prior the unveiling of the company, the APC-led government had criticised his patriotic views. But today, the same government had bought into his vision by taking a step toward his proposal.

The post read “I had in 2018 made public my plans to reform the NNPC to make it more profitable, transparent, and efficient. The APC-led government denigrated me for my patriotic vision. But today, I am happy to note that the same government has taken a tentative step along the lines of the suggestions that I had made.”

He expressed his hopes to continue with the process of an overhaul of the company when he eventually gets into power in 2023, with a transformational outlook such as the ones in Saudi Arabia and Brazil.

“It is a step in the right direction, but we are still far from what I had envisaged. I hope I’ll have the opportunity to complete the process of turning the NNPC into a genuinely world-class company in the mould of the NLNG, Aramco of Saudi Arabia, and Petrobras of Brazil, where Nigerians and institutions will invest in.”