Atiku vows to privatise NNPC ahead of 2019 election

Atiku vows to privatise NNPC ahead of 2019 election

- Presidential candidate of the Peoples Democratic Party, Atiku Abubakar, has been making promises ahead of the 2019 election

- Atiku vows to privatise the Nigerian National Petroleum Corporation (NNPC) if he gets into power in 2019

- The presidential candidate of the opposition party earlier said he would sell the NNPC and keep only 10 percent for the federal government

Atiku Abubakar, former vice president has vowed to privatise the Nigerian National Petroleum Corporation if he is elected as Nigeria's next president at the forthcoming 2019 election.

Channel TV reports that Atiku made this known on Wednesday, January 16, while addressing the business community in Lagos. According to him, “I am committed to privatizing NNPC, I said it.

“I swear, even if they are going to kill me, I will do it,” he said. Beyond privatising the oil corporation, Atiku believes his emergence in power will lead to prosperity.

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Meanwhile, Legit.ng had reported that the chief executive officer of Financial Derivatives, Bismarck Rewane spoke about Atiku Abubakar's plan to sell the NNPC if he gets to power in 2019.

A policy document released by Atiku was said to have noted that he was seeking partial privatisation of the petroleum corporation , regarded as Nigeria’s cash cow.

Reacting to the specific idea of privatising the company, the financial analyst, said the idea is a noble one, but the PDP presidential candidate must tell Nigerians who he plans to sell to, else he may plunge the country into chronic capitalism.

He said: “I agree that he (Atiku) should privatise, but selling to who?” You must not just say you are going to sell, you must tell us how, and to who? If you are going to have a voucher system like they have in India, where everybody in the public will have a voucher, then you can sell it.

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In a related development, Atiku vowed to sell the national company and retain just 10 percent of the company for the federal government.

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.”

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Source: Legit

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