What Nnpc Must Achieve Before Going Public- Edun

Emma Ujah, Abuja Bureau Chief

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has charged the Nigerian National Petroleum Company Limited NNPCL to achieve a high standard of corporate governance before going public.

He spoke at the Ministry of Finance Incorporated MOFI Corporate Governance Forum for Government Owned Enterprises GOEs in Abuja, this afternoon.

He said, I think you will all agree that this is a critical issue at a critical time. You have the likes of NNPC, which is a portfolio company. We have good indication that they are looking to IPO Initial Public Offerings. NNPC is the crown jewel of the Nigerian corporate sector and the economy. It is a limited liability company, and if you want to go public, corporate governance is at the heart of what you must achieve.