x

NNPC Nigeria’s biggest problem, Should be Privatised – El-Rufai

Governor Nasir El-Rufai of Kaduna State on Thursday said the Federal Government has failed in the oil and gas business and should get out of the sector.

The governor spoke on Channels Television’s Sunrise Daily on the occasion of the seventh edition of KadInvest, an annual event organised by the Kaduna State Investment Promotion Agency.

Speaking on the theme of this year’s KadInvest, ‘Building a Resilient Economy’, El-Rufai said whatever the government manages turns out bad and noted that the sectors doing well in the country like entertainment, telecoms, fintech and others have no government involvement.

He said nothing has changed with the commercialisation of the Nigerian National Petroleum Company in July 2022, adding that NNPC is Nigeria’s biggest problem and should be privatised.

The All Progressives Congress governor said though the Group Chief Executive Officer of NNPC Limited, Mele Kyari is trying his best, the company has failed and has no business being in the sector.

He cited an example of the Nigerian Telecommunications Limited which achieved nothing until the private sector came in and revolutionalised the telecoms business.

“I am giving this example so that when I say government should get out of oil and gas, people should not think it is crazy; it is not. There is no reason why the Nigerian Government should still be in the oil and gas sector. It should just get out, it has failed. By every measure it has failed.

“This year, NNPC has not brought N20,000 to the federation account. We are living on taxes. It is PPTs, royalties, income tax and VAT that is keeping this country going because NNPC claims that subsidy has taken all the oil revenues. I don’t believe it,” El-Rufai noted.

Power Sector Privatisation

The governor further argued that the Federal Government should get out of the power sector and privatise it for the country to overcome the hydra-headed and decades-long challenges of the sector.

“So, the government should sell everything in oil and gas sector…The government should get out of everything that is left of electricity, leave it to the private sector, create the environment, the money will come. We did it in the telecoms sector,” he said.

Asked about the commercialisation of the NNPC, he said, “Nothing has changed, it’s just a change in name with limited at the end.

“Nothing has changed, they are still taking our money, declaring profit that we don’t see the dividends.”

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalist As...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

Scrabble Stars Battle for N10m at Gov. Diri Championship

By Amgbare Ekaunkumo, Yenagoa Top Scrabble players from across Nigeria...

Northern CAN Leaders Visit Benue, Reject ‘Herders-Farmers Clash’ Narrative

...Pledge sustained advocacy...“Your presence is Christ sitting with us”...

Expect More Development — Gov. Aliyu Assures Sokoto Residents

By Muhammad Ibrahim, Sokoto Governor Ahmed Aliyu of Sokoto State...

We Have Brought Inclusive Development to Plateau — Governor Mutfwang

By Israel Adamu, Jos The people of Plateau State made...

NYSC Is the Thread Binding Nigeria’s Diversity” — Gov. Diri

By Amgbare Ekaunkumo, Yenagoa Bayelsa State Governor, Senator Douye Diri,...

What’s the Best Age for a Man to Get Married? Here’s What We Found

Marriage is one of the most significant milestones in...

Nurses Suspend Nationwide Strike – Health Minister Confirms

The National Association of Nigerian Nurses and Midwives has...
spot_img

Related Articles

Popular Categories

spot_imgspot_img