The National Economic Council (NEC) has set up a sub-committee to consider governments concerns over the ownership of the Nigeria National Petroleum Corporation Limited, (NNPC Ltd).
The council, chaired by the Vice President, Yemi Osinbajo, at a virtual meeting at the Presidential Villa Abuja, also endorsed the financial performance of the Nigeria’s Sovereign Investment Authority (NSIA) for year 2021.
In a statement by Osinbajo’s spokesman, Laolu Akande, the group Chief Executive Officer of the NNPC Ltd, Milee Kyari, had presented updates on crude oil production; PMS supply situation, and security intervention against oil theft to the council.
After this presentation, state governors raised a number of issues regarding the ownership of the new NNPC Limited, its assets and liabilities.
The Vice President disclosed that a sub-committee of the council would be set up to liase with the Federal Government on all the issues raised.
The council also received briefings from the Managing Director (CEO) of the NSIA, Uche Orji.
