SHOCKING: I Will Sell 90% Of NNPC If Elected, Atiku Vows

The presidential candidate of the Peoples Democratic Party, Atiku Abubakar, says he will sell the Nigerian National Petroleum Corporation and retain just 10 percent of the company for the Federal Government.

Atiku said this in a meeting with The African Report, a month to month production.

Atiku, who directed the National Council on Privatization amid his residency as VP, said the NNPC should have turned out to be more gainful at this point.

On whether he would offer NNPC and keep 10 percent shares for the administration, he stated, "Truly, I would need to proceed. There is no uncertainty about that. The legislature ought to have an extremely minor shareholding. Nigeria is in desperate need of assets to build up its framework and different divisions of the economy."

The PDP presidential applicant said Nigeria should have been delivering much more than two million barrels of oil for every day.

Talking further on the privatization of the country's oil organization, he stated, "Without a stable administrative structure, the oil and gas organizations will think that its hard to put more in Nigeria.


"At the time, we pushed for the entry of the new law. We expected that Nigeria would have the capacity to send out up to four million barrels for every day, except here we are, still at under two million barrels for each day."