2019: Atiku Vows To Sell NNPC If Elected As President

Atiku Abubakar

Former vice president and Presidential flagbearer for Peoples Democratic Party, Alhaji Atiku Abubakar, has been making promises ahead of the 2019 general elections. The Latest of these promises is his plan to sell the National Petroleum Corporation if elected president in 2019, The presidential candidate for (PDP) says he will sell the NNPC and keep only 10 percent for the federal government. According to report: PDP presidential candidate said the NNPC was supposed to have become more profitable by now. On whether he would sell NNPC and keep 10 percent shares for the government, the former vice president 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.” According to him, Nigeria ought to have been producing far more than two million barrels of oil per day. Alhaji Atiku Abubakar added: “Without a stable regulatory framework, the oil and gas companies will find it difficult to invest more in Nigeria. The PDP presidential candidate told The Africa Report in an interview published Wednesday, November 14, that federating units once had considerable control of their resources, unlike the current federal laws that only allow 13% derivation for states in the Niger-Delta, where Nigeria’s crude oil is extracted. Photo Credit: Getty

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