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NNPCL's Transfer of Petrol Stations to Tinubu's Nephew: What This Means for Nigeria’s Oil Industry

  Introduction: In a move that has stirred both controversy and concern, the Nigerian National Petroleum Corporation Limited (NNPCL) has reportedly transferred ownership of all its petrol stations to a company controlled by President Bola Tinubu's nephew. This transfer has not only ignited public debate but also raised critical questions about the future of Nigeria’s oil and gas industry, a sector that is pivotal to the nation's economy. The Significance of NNPCL's Decision The NNPCL, being the national oil company of Nigeria, plays a crucial role in managing the country's oil resources, including the distribution of fuel through its vast network of petrol stations. These stations are critical infrastructure that ensures fuel availability across the nation. The decision to transfer ownership to a private entity—especially one with close ties to the President—has led to widespread concerns about the implications for competition, transparency, and governance in the sector...