Why Reforming NNPC Ltd Is Crucial to Nigeria’s Future

I remain hopeful about Nigeria’s prospects but believe optimism must meet performance. The new NNPC Ltd sits at the heart of our public finance, foreign exchange earnings and energy security. Yet structural flaws inherited from the old model threaten its success. Centralised political control has diluted accountability. Boards lack real authority and management faces routine delays. Many producing assets underperform not for lack of reserves, but because of governance failures. True reform requires clear ownership, empowered governance, commercial independence and strict transparency. Stranded assets must be reviewed and swiftly commercialised. Above all, national interest must prevail over political interference. One year is too short to judge the current leadership fairly. Signs of pragmatism exist, but the harder phase of reform lies ahead. The future of NNPC Ltd—and by extension Nigeria—will be decided by measurable outcomes, not promises.

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