Stakeholders in the oil and gas industry have supported the move by the Nigerian National Petroleum Corporation (NNPC) not to succumb to pressure to sell off its equities in the joint venture companies to rake- in more revenue for the government or meet it debts obligations.
They said selling the equities at this material time would amount to losing so much money to the disadvantage of the Nigerian government and to the benefit of the investors... for further reading, click on https://businessday.ng/energy/oilandgas/article/stakeholders-back-nnpc-on-non-sales-of-equities-in-oil-assets/
SOURCE: BusinessDay Newspaper Aug 17, 2020.