DEBUNKING THE TOP 5 MISINFORMATION ON THE PETROLEUM INDUSTRY ACT (PIA) 2021: 1. NNPC is being privatized? No, NNPC is not privatized. NNPC is only becoming a limited liability company subject to CAMA, to be named NNPC Ltd (C will also now mean Company, not corporation). The share is still 100% government owned. A major