The presidential candidate of Peoples Democratic Party (PDP) Atiku Abubakar has on Wednesday reaffirmed his commitment to sell the Nigerian National Petroleum Company (NNPC) if Nigerians give him a chance to become the President in the forthcoming pool.
Atiku disclosed this on Wednesday while in a meeting with some business moguls in Lagos.
According to him, “I am committed to privatizing NNPC Even if they are going to kill me, I’ll do it.”
Atiku reiterated his privatization plan would go beyond the oil sector but will include other sectors of the Economy owned by the government. He revealed he would direct the advisory National Council on Privatization to draw up modalities as far as privatization of all government owned enterprise. (Premium Times)
He further stated, as a policy, he wants to have a business owned by businessmen not government. no sector will be exempted as far as his privatization agenda is a concern.
Mr. Atiku campaign is determined to focus on free-market principles that saw him put in place a program of liberalization. The candidate also said he would oversee the removal of multiple exchange rates currently put in place by the Nigerian central Bank.
According to him in his controversial statement “I will rather allow the currency to float so that a realistic single exchange rate is obtained which would be stable. He revealed that will encourage foreign investors,” The NNPC been the cash cow of the Federal Government reported a monthly group revenue of N4.58 trillion ($14.9 billion) in the 12 months to September 2018 with oil sales accounting for about two-thirds of government income. Earlier in 2018, Mr Abubakar had stated in his manifesto that he intended to get rid of the NNPC. a statement the Nigerian masses are not comfortable with.
He also added that he would scrap petrol subsidy, which successive administrations have retained to keep official fuel prices low making the fuel affordable by the masses.
“I have always been a promoter of subsidy removal. It is a policy I intend to uphold until we completely eliminate that subsidy, Atiku added.
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