The Presidential Candidate of the opposition party Atiku Abubakar has made promises to privatize the Nigerian National Petroleum Corporation (NNPC) if he gets into power in 2019. He made this known on Wednesday, January 16 while addressing the business community in Lagos. He described the Nigerian National Petroleum Corporation (NNPC) as a “Mafia Organization”, and he is convinced that NNPC would perform better if not managed or owned by the government. Atiku promised to take this action after being elected as the President, even if doing so would cost him his life.
But is it feasible to Privatize the Nigerian National Petroleum Corporation (NNPC)?
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Below are 4 major reasons why Atiku vowed to Privatize the NNPC
- For Optimum Utilization of Resources
- Reduction in Political Interferences
- Improve Efficiency
- Improve Industrial Relations
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