Sumner Sambo, Arise Political editor says under the new petroleum industry act, NNPC will be incorporated into a limited liability company within six months after the president’s assent. The new company will run as a commercial entity while the federal government still owns all shares, held by the ministry of finance and petroleum resources on its behalf. Nigerian state governors have criticised this move saying the ownership of NNPC limited should be in the trust of Nigeria Sovereign Investment Authority (NSIA) instead of the federal ministry of finance.

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