National Petroleum Policy

The federal executive council on July 19, 2017 approved the the National Petroleum Policy as presented by the minister of state for petroleum resources, Emmanuel Ibe Kachikwu. The policy articulates the vision of the federal government for the oil sector, sets goals and strategies, promotes a level playing field between state owned-enterprises and the private sector, proposes fundamental reforms to improve the operational efficiency and performance of NNPC and proposes a long-needed overhaul and modernisation of the existing petroleum industry legislation. It is intended to remove the barriers affecting investment and development of the sector.

Get more insights on Nigeria's Oil & Gas