The presidential candidate of the Peoples Democratic Party, Atiku Abubakar, says he will sell the Nigerian National Petroleum Corporation and retain just 10 percent of the company for the Federal Government.
Atiku said this in an interview with The African Report, a monthly publication.
Atiku, who presided over the National Council on Privatisation during his tenure as vice-president, said the NNPC was supposed to have become more profitable by now.
On whether he would sell NNPC and keep 10 per cent shares for the government, he said, “Yes, I would want to go ahead. There is no doubt about that. The government should have a very minor shareholding. Nigeria is in dire need of funds to develop its infrastructure and other sectors of the economy.”
The PDP presidential candidate said Nigeria ought to have been producing far more than two million barrels of oil per day.
Speaking further on the privatisation of the nation’s oil company, he said, “Without a stable regulatory framework, the oil and gas companies will find it difficult to invest more in Nigeria.
“At the time, we pushed for the passage of the new law. We expected that Nigeria would be able to export up to four million barrels per day, but here we are, still at less than two million barrels per day.”
- NSITF BOARD: Delisting My Name As Board Chairman Is An Act of Oppression by Ngige – Comrade Kokori
- FORUM SEND SOS TO WORLD BANK ON CONSTRUCTION OF DELTA EROSION, FLOOD SITES
- BREAKING : Buhari finally Signs N30,000 New Minimum Wage.
- BREAKING: Onnoghen Guilty, CCT Bars Him From Public Office For 10 Years [ see full details]
- Ongoing Recruitment at Amaiden Energy Nigeria Limited April 2019
- See the Photo of Nigerian footballer, Arrested In India With Hard Drugs
- Exxon Mobil 2019 Entry-Level Apprentice Program
- NESTLÉ NIGERIA TECHNICAL TRAINING PROGRAMME 2019 – AGBARA FACTORY
- VIDEO : Lizzy the cocaine Addict
- Akpabio, APC Leaders Fights over Ministerial Appointment