President Muhammadu Buhari unveiled the new identity and logo of the Nigerian National Petroleum Company (NNPC) Limited, now a limited liability company. The motto of the new logo reads, ”NNPC: Energy for today, Energy for tomorrow”.
The unveiling event took place in Abuja on Tuesday and had in attendance top government officials such as the Senate President, Ahmed Lawan; the Minister of State for Petroleum Resources, Timpire Sylva; among other major stakeholders in the oil and gas sector.
The transition to NNPC Limited is in accordance with the Petroleum Industry Act (PIA), which states that NNPC Limited will run a commercial and profit-focused organization under the Company and Allied Matters Act (CAMA).
President Buhari said, “We are transforming our petroleum industry, to strengthen capacity and market relevance. I was privileged to lead the transition in 1977 to a corporation and also sign the Petroleum Industry Act in 2021.
“NNPC Limited will operate as a commercially independent and viable national oil company to sustainably deliver value to over 200 million shareholders, and adhere to integrity and sustainability. It is mandated by law to ensure Nigeria’s energy security is guaranteed and support sustainable growth across other sectors of the economy.
“It is my honor and privilege on this historic day with a focus on becoming a dynamic and global energy company to deliver energy for today and tomorrow”.
