Tuesday, Mar 31st 2020 2:25 PM
Lagos
+29°C

Market Digest Nigeria

Politics

Atiku Abubakar to privatise NNPC it if elected.

Atiku Abubakar
  • Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), has described the Nigerian National Petroleum Corporation (NNPC) as a “mafia organisation”, vowing to privatise it if elected.

Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), has described the Nigerian National Petroleum Corporation (NNPC) as a “mafia organisation”, vowing to privatise it if elected. Speaking in Lagos during an interactive session with the business community, Atiku Abubakar also picked holes in the 2019 budget submitted to the National Assembly by President Muhammadu Buhari. Atiku recalled that he sold the idea to privatize the NNPC to former President Olusegun Obasanjo under whom he was vice president, but that the former president did not approve of it.

  • He said the production output of the NNPC would be significantly improved if it was privatized, saying even if he would be killed, he would privatize the corporation.

He said the production output of the NNPC would be significantly improved if it was privatized, saying even if he would be killed, he would privatize the corporation. “I am committed to privatising NNPC even if they are going to kill me. I will do it. When we got into office, I walked up to my boss and said ‘Sir, there are two mafia organisations in government: one is the Nigerian National Petroleum Corporation while the other one is the National Electricity Power Authority  “I said unless we dismantle these mafia organisations, we cannot make progress. Let’s privatise them… the long and short of this is that I am committed to privatization as I have said”, he added.

Atiku, who said the level of unemployment in the country is worrying, narrated his encounter with idle youth during his campaign rallies. “I asked a Nigerian professor based in America; I said ‘Prof, do you have ministry of petroleum in America?’ He said no,” he said. I said, ‘Do you have an organisation like NNPC over there? He said no. And America produces oil more than any country? He said yes ,so I asked him, ‘How do they do it in America?’ and he said taxation and I decided that I will go by taxation too.”
Joined by Peter Obi, his running mate, Atiku fielded questions that ranged from the economy to security, health and unemployment.

  • He also criticised the current administration for the delay in passing the petroleum industry governance bill (PIGB).

He also criticised the current administration for the delay in passing the petroleum industry governance bill (PIGB). Atiku Abubakar also vowed to improve the budgetary system if elected and take the country’s economy to $1trillion mark. He said if left unchecked the lack of adequate jobs could create a bigger problem

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

To Top
SUBSCRIBE NOW!
Get the best of Market Digest Nigeria financial news
delivered to your inbox daily!
By clicking Give it a try, I hereby: Agree and Consent to the Terms of Use and the Privacy Policy
& I may receive free newsletters & promotions from this site and can choose to unsubscribe anytime.