Former Vice President of Nigeria, Atiku Abubakar has taken to his official X account on Monday, September 15, 2025 to react as members of the Board of NNPC Limited faces redundancy after President Bola Tinubu authorizes the amendment of the nation’s Petroleum Industry Act, PIA.
According to VANGUARD, the PIA grants enormous power to the board members as the highest decision making organ of the organisation.
Reacting after the report surfaced online, the former Vice President stated that all efforts to revitalize all state owned underperforming enterprises must be conducted in the most transparent way.
Atiku Abubakar stated that President Bola Ahmed Tinubu must prioritize long term gains over short term gains in all the decisions.
The former Vice President said in the case of privatization, competitive bidding must be allowed and it must be scrutinized by the general public.
According to Atiku Abubakar on his official X handle;
“The Petroleum Industry Act was enacted to bring clarity, accountability, and investor confidence to a sector long plagued by opacity. Any attempt to amend its core provisions must be approached with caution and broad stakeholder engagement”….Explore , More , News
