– PDP Presidential Candidate, Atiku Abubakar has made it known that he will privatize the NNPC if he becomes the new President
– He declared that the NNPC is a mafia run organization but will perform well if it is in hands of individuals
The Presidential Aspirant of the Peoples Democratic Party PDP made a bold statement yesterday in Lagos during an interactive session.
Atiku Abubakar declared that he would put the Nigerian National Petroleum Corporation NNPC on sale if he becomes president.
The former Vice President described the NNPC as a Mafia Organization which will not be effective and efficient except if it is privatized.
Atiku Abubakar went on to say he will make the decision even if it will cost him his life.
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He hinted that he had made the plan known to his former boss Olusegun Obasanjo during his tenure as the President of the country but the latter didn’t approve it.
”Let me go back to my experience. When we got into office, I walked up to my boss and said “Sir, there are two mafia organisations in government: one is the Nigerian National Petroleum Corporation (NNPC) while the other one is the National Electricity Power Authority (NEPA),” he said.
“I said unless we dismantle these mafia organisations, we cannot make progress. Let’s privatise them… the long and short of this is that I am committed to privitaisation as I have said. I swear even if they are going to kill me, I will do it (privatise NNPC).”
He hinted that he wants to follow the American model used in the oil sector.
“I said, ‘Do you have an organisation like NNPC over there?’ He said no. And America produces oil more than any country? He said yes.
“So I asked him, ‘How do they do it in America?’ and he said taxation and I decided that I will go by taxation too.”