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    2019:I Will sell NNPC, Retain Only 10% for FG -Atiku


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    Former vice president and presidential candidate of the Peoples Democratic Party, Alhaji Atiku Abubakar, has been making promises ahead of the 2019 general elections - Latest of these promises is his plan to sell the National Petroleum Corporation if elected president in 2019 

    The presidential candidate of the opposition party says he will sell the NNPC and keep only 10 percent for the federal government As the 2019 general elections draw nearer, the presidential candidate of the Peoples Democratic Party (PDP), Alhaji Atiku Abubakar, has vowed to sell the Nigerian National Petroleum Corporation (NNPC) if elected president. 

    Punch said that Atiku vowed to sell the NNPC and retain just 10 percent of the company for the federal government. 

    Atiku said that 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. 

    Atiku added: “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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