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The Nigerian National Petroleum Corporation (NNPC), founded in 1977, is a state-owned oil and gas company. The merger of the Nigerian National Oil Corporation (NNOC) and the Federal Ministry of Petroleum and Energy Resources gave birth to this significant enterprise that is still an indispensable fuel supplier to Nigeria’s development today.

As Nigeria’s leading oil and gas company, NNPC is responsible for the exploration, production, refining, marketing, and distribution of oil and gas across the country. However, the corporation’s influence extends beyond these traditional functions to power generation, liquefied natural gas (LNG), and petrochemicals, strengthening Nigeria’s energy foundation.

Despite criticism of the NNPC for its lack of transparency and inefficiency, it remains a critical revenue channel for the Nigerian government. To maintain this vital role, the NNPC must heed the calls of its critics and improve the transparency and efficiency of its operations, ensuring a steady stream of revenue for the government.

In 1956, industrial-grade oil was first discovered in Nigeria, leading to significant socio-economic transformation and putting the country on a progressive path of development.

In 1960, Nigeria broke free from the shackles of British colonial rule and gained independence, ushering in a new era of sovereignty and self-government.

The establishment of the Nigerian National Oil Corporation (NNOC) in 1971 was a turning point in Nigeria’s journey, paving the way for a new era of oil production and economic potential.

In 1977, the merger of the Nigerian National Oil Corporation (NNOC) and the Federal Ministry of Petroleum and Energy Resources created the Nigerian National Petroleum Corporation (NNPC).

In 1988, the Petroleum Inspectorate, a regulatory body charged with overseeing Nigeria’s rapidly expanding oil industry, was established.

In 2005, the Nigerian National Petroleum Corporation (NNPC) unveiled a comprehensive refining and petrochemicals master plan that started a revolution in the country’s oil and gas industry.

In 2012, the Nigerian National Petroleum Corporation (NNPC) unveiled a progressive Gas Master Plan that marked a transformational phase in the dynamics of energy production and consumption in the country.

Finally, in 2022, NNPC underwent a fundamental metamorphosis from a corporation to a limited liability company, signaling an era of operational modernization.