Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News Politics

Atiku tackles Emefiele and the NNPC  

Onome OhwovoriolebyOnome Ohwovoriole
4 years ago
in Politics
Biden should widen the AGOA for integration with the AfCFTA - Atiku, Intels denies NPA statement, Nigerian Ports Authority and Intels, Atiku Abubakar, Atiku claims he has big plans for private sector investment in infrastructure, Coronavirus: Atiku calls for petrol pump price reduction, stamp duty suspension
Share on FacebookShare on TwitterShare on Linkedin

Presidential candidate of the People’s Democratic Party (PDP) Atiku Abubakar had harsh words for the Nigerian National Petroleum Corporation (NNPC) and the Central Bank of Nigeria (CBN) Governor Godwin Emefiele.

The former Vice President made the remarks in an interview today.

On the CBN Governor 

Atiku stated that there was a need for the right people to be put in place at the apex bank.

I don’t think he’s pursued the right policies. We have to have the right people in there.

Criticism of the Emefiele comes on the heels of darts thrown by President Muhammadu Buhari while being interviewed by Thisday. Buhari had stated that he had left the CBN Governor in power, in order to account for funds spent by the previous administration.

I went to the Central Bank and said, ‘oya, this is what is happening. Why?’ I refused to remove him (CBN Governor) because he had to give account.  

On the NNPC 

The PDP candidate stated that there was mafia in the state-owned oil corporation.

There is really a mafia in there, people who benefit personally at the expense of the country. But I have the political will and courage to do it. We don’t intend to privatize the whole of NNPC, but reduce the government’s interest to a minority and allow the private sector to drive the oil and gas industry.

Despite the challenges, the former Vice President has insisted he will privatize the corporation, even at the expense of his life.

I am committed to privatizing the NNPC. Even if they are going to kill me, I will do it.”

President Muhammadu Buhari, in August last year, refused to assent to the Petroleum Industry Governance Bill (PIGB). The President had attributed his action to three concerns:

  • The provision of the bill permitting the Petroleum Regulatory Commission to retain as much as 10 percent of the revenue generated could affect FAAC allocations.
  • Expanding the scope of Petroleum Equalisation Fund (PEF) was at odds with the administration’s policy.
  • Some legislative drafting concerns which, if assented to in the form presented, will create ambiguity and conflict in interpretation.

 

Related

Tags: Atiku AbubakarCBNGovernor Godwin EmefieleMuhammadu BuhariNigeria National Petroleum Corporation NNPCOn the Money

Leave a Reply Cancel reply

HFM
Mega Millions
Mega Millions
Patricia





NM newsletters

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • Geregu Power announces N20 billion dividend, share price soars 10%
  • International Organization of Securities Commissions revises its 2011 principles 
  • NBS says Nigeria’s public debt has risen to N44.06 trillion

Follow us on social media:

Recent News

COVID-19: Otedola pledges N1 billion donation for Nigeria to combat disease, Otedola backtracks, says Adenuga has redeemed N1 billion pledge to the CACOVID fund

Geregu Power announces N20 billion dividend, share price soars 10%

January 31, 2023

International Organization of Securities Commissions revises its 2011 principles 

January 31, 2023
  • Home
  • Exclusives
  • Markets
  • Industries
  • Economy
  • Business News
  • Financial Literacy
  • Lifestyle
  • Opinions

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds

© 2023 Nairametrics