– NNPC advised to follow PIA for investor confidence
– Experts highlight transparency, cost efficiency for oil sector
– Calls for stronger corporate governance at NNPC
Industry experts have advised the new NNPC GCEO, Mr. Bayo Ojulari, to uphold the rule of law and fully implement the Petroleum Industry Act (PIA) to boost investor trust and transparency in Nigeria’s oil sector.
Prof. Wumi Iledare emphasized the need for legal compliance, upstream cost control, and avoiding overcapitalized projects. He urged leveraging midstream assets and selling JV interests to local firms.
Consultant Henry Adigun called for improved internal structures, focus on shareholder returns, and clear separation of NNPC’s commercial and regulatory roles.
The advice comes as Ojulari begins his tenure, with expectations for reform-driven leadership at the helm of Nigeria’s top oil company.
