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

Zombies aka Buhari media cows will avoid this thread like a plaque.

NNPC must be privatized.Government corruption is horrendous with this unscrutinized agency.I'm with Atiku/Obi on this issue.

Kingsley Moghalu should step down and support the Atiku/Obi Ticket

He will do a good job as CBN Governor

Nigerian politics is quite complex

If we must sell, the process must be open and transparent
Lalasticlala will you buy for Chi baby

If we must sell, the process must be open and transparent
Lalasticlala will you buy for Chi baby

NNPC the conduit pipe

Man wey Sabi

Don't mind that fraudulent man without certificate and his evil supporters.

Wetin bubu know about economy

deboysben:
Man wey Sabi

Don't mind that fraudulent man without certificate and his evil supporters.

Wetin bubu know about economy

Abi oooo

nzeobi:
NNPC the conduit pipe

Large one indeed!

someone is atikulatin .apc won*t like this

Buhari and APC Bmc crew are dumb , obviously

That's why I love IGBOS..
They are reasonable and differenciates between good and bad.....
Unlike the other tribe.

Things are taking shape. Before the election Moghalu, Ezekwesili and others will effectively ATIKULATE

Idiotic APC zombies right now

Whether you sell NNPC or not, all I know is that you must pay subsidies on petroleum products, Nigerians will never pay 200 naira landing cost of PMS
Subsidy scam will come roaring back like a Bull

If Atiku wins, he will NOT be in government: he will be in business.
Sale of government assets suits him and his cronies well. Privatization under him as VP was an eye opener.
African Petroleum (AP) became Sadiq Oil overnight using his runsman Okocha as a front until Obasanjo wrestled it out of his hands and sold to his own front Otedola.

Omooba77:
If we must sell, the process must be open and transparent

Lalasticlala will you buy for Chi baby

You can not sell state own oil company in Africa it can not work.The money invlove is just too much

Sirjamo:
Whether you sell NNPC or not, all I know is that you must pay subsidies on petroleum products, Nigerians will never pay 200 naira landing cost of PMS
Subsidy scam will come roaring back like a Bull

Yes, the truth is,removing subsidy MAKES economic sense.

But no Nigerian poltician worth his salt wants to remove subsidy. (GEJ tried partial removal,got his hands burnt. PMB was forced to increase due to forex /revenues not being enough to sustain N87 per liter).

Still...the day willcome when Nigerians have to face the fact and remove subsidy. If we don't...we will keep on having subsidy scams and scarcity scams...to say nothing of lack of investment in the oil industry....including jobs and new refineries.

Nigerians have to face facts. We need to stop lying to ourselves. Oil subsidy must go.

I think this Moghalu of a guy is the best person for Nigeria.

But he actually disagreed with Atiku.

Deeldorado:
But he actually disagreed with Atiku.

Yes...only on the 'who will they sell NNPC too'....which is a valid question.

When we say people should vote for sound and intelligent person na same old papa them go vote for same old PDP and corrupt APC we are not ready I don't see anything articulating in the next fours or next level of recession we are not ready my mind on 2022 is it not same thing Bismarck rewanwe a renowned economist ask that some zombies were attacking him common sense is lost to na so we shout "sai baba"not knowing sey na recession they knock ,we are articulating now only God knows which style this political elites wan use surpress Nigerians this time

How can you privatize an entity that is sustained by royalties and shares from joint ventures? Can the NNPC boast of any asset they solely have and run? How does NNPC compre to ADNOC or Saudi Aramco? This is a no no for me.

I won't be surprised if he steps down for my Daddy. Everybody is Atikulating. Even grandma is atikulating. Nairalanders don't be left behind. For the atikulated if anybody tells you Atiku is not formidable in Adamawa, north east and the north entirely just laugh at them and pass. No need for long argument, we just have few weeks to the election. All hail the Wazirin Adamawa our incoming president come 2019.

Ndonu101:
Kingsley Moghalu should step down and support the Atiku/Obi Ticket

He will do a good job as CBN Governor

Nigerian politics is quite complex

why do you claim he is supporting Atiku's view? Even at that, both views are wrong. NNPC is a supervisory body, how can you privatise that?

theoldpretender:


Yes...only on the 'who will they sell NNPC too'....which is a valid question.

Yes and on the percentage to be sold. He proposed 49-51 percent public private sector partnership too which I agree with. I agree these are valid questions and issues.