Nigeria: Massive Shake-Up Looms At NNPC

29 December 2008

Abuja — The much-awaited massive shake-up in Nigeria's oil industry is under way, with President Umaru Musa Yar'Adua poised to implement structural and fiscal changes in the sector - which provides Nigeria over 80 per cent of its revenue and 95 per cent of foreign exchange earnings.

THISDAY was informed last night that the Nigerian National Petroleum Corporation (NNPC) will be overhauled as the President finally moves to implement some of the changes he had announced a few months after assuming office last year.

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