Atiku Abubakar, the presidential candidate of the Peoples Democratic Party, PDP, while speaking during an interactive session with the business community in Lagos, vowed to privatise the Nigerian National Petroleum Corporation, NNPC if elected in the forthcoming election.
ATIKU WITH HIS EX-BOSS OBASANJO
Abubakar on Wednesday described the NNPC, as a “Mafia organization.”
According to him; he would privatize the NNPC even if doing so would cost him his life.
Abubakar, who was a former Vice President under the leadership of Olusegun Obasanjo said that the Corporation would operate better if not managed by the government.
He said: “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).
“I said unless we dismantle these mafia organisations, we cannot make progress. Let’s privatize them… the long and short of this is that I am committed to privatisation as I have said. I swear even if they are going to kill me, I will do it (privatise NNPC).
“I asked a Nigerian professor based in America; I said ‘Prof, do you have ministry of petroleum in America?’ He said no.
“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.”