A chieftain of the All Progressives Congress in Niger State, Mr. Jonathan Vatsa, has said that President Muhammadu Buhari-led administration’s decision to commercialize the Nigerian National Petroleum Corporation (NNPC), has vindicated former Vice President and People Democratic Party (PDP) Presidential Candidate, Alhaji Atiku Abubakar.
Vatsa, a former Commissioner for Information, Culture and Tourism noted that during the 2019 campaign, Atiku had told Nigerians that the NNPC needed to be sold out because it was no longer serving its purpose.
DAILY REPORT had reported that on Tuesday, President Muhammadu Buhari unveiled NNPC limited in accordance with the Petroleum Industry Act(PIA).
According to the Act, NNPC Limited will run a commercial and profit-focused organisation under the Company and Allied Matters Act (CAMA).
Reacting to the development in Minna, Vatsa said: “Eventually, what Atiku said that was used against him in 2019 has come to pass. What we are seeing today, NNPC has been sold out and the government did not tell Nigerians who are the 200 million shareholders in the new Nigerian National Company Limited.”
He also insisted that selling NNPC is a minus for President Buhari’s administration for its inability to fix any of the four refineries in Nigeria.
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The APC chieftain said, “Rather than making them work, we decided to settle for an imported refined petroleum product and paying heavy subsidy which we initially told Nigerians was a fraud.
“Not only the NNPC that needs to be sold out, all the refineries in this country should be sold out to individuals for efficiency and productivity so that the government can stop spending billions of naira paying salaries of redundant staff and maintaining non-functional refineries in this country.”
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