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+--- Thread: Moghalu Backs Atiku On Privatizing NNPC (/showthread.php?tid=11507)
Moghalu Backs Atiku On Privatizing NNPC - Edoman - 11-26-2018
Moghalu during an interview on Channels Television programme, Business Morning said privatizing the NNPC will make it a more profitable organisation.
The political economist said he wonders why a presidential candidate will say that he will sell 90% of the NNPC and added that public organisations should not be a tool for political agenda
“The NNPC needs to be partially privatised between 41% to 51% whether private sector or government. This will turn the NNPC to a much more transparent organisation that is run consistently profitably.
“Today, the NNPC is just an impress account for the Nigerian politicians. This is because it is completely state-owned. One presidential candidate has said that he will sell 90% of the NNPC. I disagree with this. The question is, who are you going to sell 90% of the asset to?
“In privatising the NNPC partially, we should make sure that the oil producing communities have 10% ownership stake and we will sell those shares on Nigerian Stock Exchange in a carefully and transparently managed process.”
https://reubenabati.com.ng/index.php/component/k2/item/15034-moghalu-backs-atiku-on-privatising-nnpc/features