- Experts have said that the Nigerian National Petroleum Corporation (NNPC) should not spearhead the formulation of policies for the oil sector but instead should become a commercial entity.
- Wumi Iledare, a professor of energy economics said he supported the removal of petroleum subsidy, but that the NNPC should not lead that policy formulation or indeed any other policies in the oil and gas industry.
- Iledare also noted that the Ministry of Petroleum should perform its function as a policy formulator for the industry while the NNPC should adopt the role of commercial participant in the oil and gas sector.
Another industry operator said;“You cannot be a referee and a player in the same game and succeed in both. None of the successful national oil companies (NOCs) does that. The ones that have emerged profitable, such as Petronas of Malaysia, did so when they shed their quasi regulator pretentions and concentrated on operating a commercial model”.
- The Centre for Petroleum Information (CPI) also added that the NNPC should be revamped to autonomously fund its viable projects without recourse to the Federal Government.
