President Buhari, The Entire APC Shown The Exit Door, As Atiku Abubakar Delivers His First Major Campaign Promise, Ahead Of 2019 elections

The Presidential Candidate of the Peoples Democratic Party, PDP, Atiku Abubakar, has said that he will sell the Nigerian National Petroleum Corporation, NNPC, and retain just 10 percent of the company for the Federal Government.

Atiku made this disclosure 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, noted that the NNPC was supposed to have become more profitable by now.

On whether he would sell the NNPC and keep 10 percent 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.”

Atiku added that 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.”

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