I’ll sell 90% of NNPC if elected – Atiku

By Editor on 17/11/2018

Share on facebook Yahoo mail icon Gmail icon

Views: 2,690


The Presidential candidate of the Peoples Democratic Party, Atiku Abubakar, has said he will sell the Nigerian National Petroleum Corporation and retain just 10 per cent of the company for the Federal Government.

Atiku said this in an interview with ‘The African Report’, a monthly publication.

The former Vice-President, who presided over the National Council on Privatisation during his time, said the NNPC was supposed to have become more profitable by now.

On whether he would sell the 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 national 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.” – Punch

Posted 17/11/2018 06:04:55 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

You may also like...
PDP will defeat Buhari, win big in 2019...

Masked DSS operatives, policemen take over National Assembly...

Looters mobilise, protest against Buhari in London –...

Minimum wage: Labour orders nationwide strike

Senate postpones recess to screen ministerial nominees

Suspected thief nabbed after abandoning mission to watch...

Inconclusive elections: Third Force plans nationwide anti-INEC protest...

Jonathan’s officials, cousin shared N27bn proceeds of PHCN...

Two policemen allegedly killed as Melaye escapes assassination...

Nigerian woman Owoeye jailed in UK for £114,000...

Ohanaeze youths give Miyetti Allah, herdsmen ultimatum to...

Imo PDP chieftain murdered

 

Latest News IGP disbands Zonal Intervention Squad over footballer’s death Lawmakers ‘ll no longer tolerate killings by Nigerian Police – Gbajabiamila Court sentences Metuh to 7 years imprisonment, to pay N375m to FG LG Elections: Police warn against violence in Enugu Electricity consumers should not pay for energy not consumed – NERC Top Govt Director, others charged for having sex in office with minors Polaris Bank staff arraigned for allegedly stealing customer’s N12.6m Dangote invests N63bn in Enugu-based automaker, buys 3,500 trucks Assets declaration: Court strikes out charges against Ekweremadu PDP demands review of Buhari S’Court victory, return to farm if jobless, APC replies Bill to ban plastics production in Nigeria ready soon Nigeria may face worse security problems – Buhari’s wife, Aisha

 

Most Read Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (16,209 views) Ex-Heads of State will protect Jonathan from persecution —Kukah (15,940 views) ASUU strike: Senate intervention ends in deadlock (15,134 views) Ugwuanyi commends FG’s siting of ICT University in Enugu (14,112 views) All you need to know about Peter Obi, PDP VP Candidate (14,027 views) Sickle cell support group seeks lgovernment intervention (13,172 views) Ebonyi bans embalming of corpses in homes (12,924 views) DEMOCRACY DAY: President Muhammadu Buhari’s full speech (12,050 views) The Big Kick-off: World greatest sports fiesta begins in Russia (11,607 views) France wins 2018 World Cup Final (11,552 views) England beat Spain to win U17 World Cup final (11,497 views) Doctors in Enugu decry high personal income tax deductions (11,323 views)

 

SECTIONS NEWS (2,103) EDITORIAL (9) POLITICS (440) SOCIETY (117) SPORTS (24) BUSINESS (297) HEALTH (21) EDUCATION (29) INTERNATIONAL (47) ENTERTAINMENT (18) TECHNOLOGY (1) COLUMNISTS (0) LETTERS (1) OPINION (18)

 

 

Julius Agwu - Crazy Interview Demands