bettercreature:
You cant sell state own oil company or float Naira it can not work in Nigeria
Just take PHCN and so on as a good example where you have pay more for non existence services
You cant give capitalist free hand in this country its very corrupt

so should we leave nnpc like that.....state owned business is not always good.

Making NNPC a publicly traded company is the BEST THING that can ever happen to Nigeria


If not for any thing, they will be forced to publish their audited financial statements to the workd, which in turn will enhance productivity, transparency and good corporate governance


But then, Nigeria is a country filled with illiterates and dimwits, hence not ready for anything good.

Senator Sani I agree with you.

midolian:


http://dailypost.ng/2018/11/17/2019-presidency-shehu-sani-reveals-one-atikus-dangerous-intention/

3 GHOSA!!!
For Shehu!

HATIFU plans to buy our refineries and join the Onne port he controls!

Barawo

#iStandWithBuhari
#BuhariTill2023

agabusta:



Sincerely, an Atiku presidency will take us back.

but buhari is a disaster too
Donald duke will be better

obailala:
The person you quoted is very right, most of those companies on that list now function efficiently. Whilst they were still in the hands of the government, they were huge liabilities, of which every now and then, the government had to pump billions into them either to keep them afloat, or to pay off staff entitlements when the enterprises eventually and inevitably give up the ghost.

Did you just ask what impact a number of functional companies have on the common man?.... Are you for real?... The companies are now functioning, making profits, employing thousands of Nigerians, paying taxes to the government and generally contributing to the overall productivity index of Nigeria; as opposed to being dead beat liabilities to government. How else do you want the companies to positively impact on the common man?

Can you point out a single enterprise managed or operated by the NIgerian government which works?... The Nigerian government should never be allowed to operate anything.

just imagine if the NLNG was operated and run by the FG..

docadams:


Your sarcasm catches me off guard I swear but rapidly mastering the bends.

agabusta:



Sincerely, an Atiku presidency will take us back.

Be sincere, from where we were in 2015. Has PMB took us forward or backwards?

dalongjnr:

Good, when privatization a government assets, it's main aim is to enhanced productivity and those are some of the parameters for measurement of productivity.
All the things you stated above AP cum forte oil are in those indices I States above.
Profitability, employability, acceptability/accessibility,...

No. The moment you sell off Govt assets 100 percent, what happens afterwards is for the new owners to measure, not Government. Th main focus of Govt is to take Govt budgets hitherto drained by those companies channeled now into public infrastructure. You only analyse all these If Govt still has shares in it. NLNG Limited is an example.

NNPC hasn't been doing well the way it is right now.

CilicMarin:
Shehu Sani is a useless, frustrated and embittered man. He should shove his Useless opinion down his sagging ass!

Typical of pigs and apes from the south east, they insults and abuse whenever an opinion is against awkward reasonings.

I doubt if you ever read the write up before you are insulting someone who's old enough to be your dad's age mate.

What have we gained from NNPC over the years? All they know is how to export oil.

Ordinary refinery, they can't construct. And only Dangote is achieving that it.

You see why you need to agree with Atiku's point of view right? Not everything is politics. Atiku took a very big risk making that comment. Too many lay men in the country.

efighter:
Please what did we achieve from the companies that Atikuloot sold to his cronies, friends and family who were just fronting for him when he was VP? Atikuloot should go and sell his grandchlldren. Below are few of the companies.

Nigerian Airways
NICON Insurance
African Petroleum
NEPA
Eleme Petrochemical Company
NITEL - sold to Atikuloot company, later resold to Goatluck's friend Mr. Ayeni
Delta Steel Company
Unipetrol
National Oil
Ashaka Cement
WAPCO
CCNN - Cement Company of Northern Nigeria
BCC Calabar Cement
Capital Hotel, Abuja (Abuja Sheraton);
Festac ’77
Nigerian Hotels Limited (now Southern Sun, Ikoyi)
Nigerian Hotels (Caterers’ Court, Ikoyi), Nigerian Hotels (House 8 & 9 Lees Road, Ikoyi) and Nigerian Hotels (Audit Section, Ikoyi)”

but really you guys should lie wth mercy. When did atiku sell these companies. Are u just ediots to spew rubbish. Soon ill hear he sold bakassi to Cameron. Atiku has never been the head of state sef....na wa o. So nitel is private owned...did he also sell ministry of finance and cbn ? Na wa oo...he even sold festac.....na wa

Binikingdowm:
I think Atiku might be right.



Buhari that put his daughter as chairman of nnpc what gain have that bring to us as a nation?.

Nnpc is better privatised and generate more revenue.

Alibaba store make more money In a day than Nigeria does in a year, we are still fighting for little oil in this modern age? Smh

Why don't you just goggle NNPC Board to see it's membership and stop embarrassing yourself?

sholatech:


No. The moment you sell off Govt assets 100 percent, what happens afterwards is for the new owners to measure, not Government. Th main focus of Govt is to take Govt budgets hitherto drained by those companies channeled now into public infrastructure. You only analyse all these If Govt still has shares in it. NLNG Limited is an example.

NLNG is performing at 25% capacity govt still has stakes. If it was fully private with govt hands off operations itll operate at 100% capacity5.

Can't believe there are still Nigerians that believe the government has any business managing companies like NNPC. Can anybody name one company the Nigerian government manages efficiently and profitably? Everything the Nigerian government touches is a cesspool of corruption, massive looting, diversion, misappropriation and fraud, tribalism and nepotism and staggering incompetence. Every single thing that the Nigerian government runs is utterly rotten. NNPC has not made a single year of profit in its entire existence. It's an avenue for waste and misguided ventures such as the farce of wasting billions of dollars prospecting for oil in the North.

NNPC should be run the same way NLNG is run. The government might own a huge stake in it, but it should be run entirely by the private sector if you ever hope to see professionalism and efficiency in the sector, instead of just being a government institution where Alhajis pack all their kids. This is not a question of PDP vs APC. NNPC should have been privatized a long time ago.

bettercreature:
You cant sell state own oil company or float Naira it can not work in Nigeria
Just take PHCN and so on as a good example where you have pay more for non existence services
You cant give capitalist free hand in this country its very corrupt

NNPC is owned by FG as we all know.NNPC is a cesspool of corruption and waste,for instance,Kaduna refinery was left idle for 7months couple with the reports of non-remittances and stolen funds in this sector.Although there are issues between FG and those companies issued licences to operate in power sector owing to some infractions in MOU and some faulty processes in sales.Electricity consumers are paying more than they consume because many have no easy access to pre-paid meters however our attitudes towards public corporations are giving room for waste and corruption in the system.Obasanjo sold NITEL and today there is a lot of improvement in telecommunication sector with job opportunities.I still believe power sector will get better if terms and conditions of agreement are abided by,if restructuring is given a chance by allowing states to generate,transmit and distribute power and concrete legal framework is put in place.

Nigeria will still return to its slavery days

agabusta:



Sincerely, an Atiku presidency will take us back.

Nothing can possibly go back beyond your outdated and fallacious thinking.

Nigerians have to settle on what kind of system you want. If you want a capitalist state, a welfare/socialist state or centrally planned economy like China.
I can tell you that human progress thus far is attributable to the word ‘capital’ as most human innovation has come from it. It is the basis of the west’s wealth. Government has no business in business, and when it does, they are run inefficiently. NNPC is a cesspool for rent seeking and inefficiency. Going private and running it like a business is the way to go in terms of efficiency and delivery.

I can tell you that the problems we have in Africa today are as a result of the statist political economy adopted post colonialism. The private sector ought to be the driver of any modern economy not the public sector. Such simplistic thinking you exhibited is why we are still a poor society. What has Govt owning NNPC done for Nigerian development?

revolt:
NLNG is performing at 25% capacity govt still has stakes. If it was fully private with govt hands off operations itll operate at 100% capacity5.

And that is why I gave you as an example. Pls Is there any of those listed in initial post having that scenario. No. So why then will you do such post-sale analysis when Government ownership in them now is zero?

Buhari and Amaechi that have sold out our airports nko.

Concession. Concession abi na sell

Magalan:


If you did a proper research on these companies you would find out they are way better than they used to be in private hands and those that could not stand shows they were only financial burden to the govt.


We disagree with shehu, NNPC should be unbundled and listed in the NSE in sectors with FG having 50% shares on its decision making policies..

It is just a cashcow to every serving govt..

Dont Mind Them.Most Of The Reactions Here Are Childish And Petty.Thinking With Their A$shole Instead Of The Brain.Even If Buhari Decide To Sell The NNPC As Suggested By Atiku I Will Support Him.The Corruption In The NNPC Is Savage And Mind Blowing.Therefore,selling To Investors Will Be The Smartest Move.

Binikingdowm:
I think Atiku might be right.



Buhari that put his daughter as chairman of nnpc what gain have that bring to us as a nation?.

Nnpc is better privatised and generate more revenue.

Alibaba store make more money In a day than Nigeria does in a year, we are still fighting for little oil in this modern age? Smh

pls, what's her name?

i support the privatization of NNPC. what is company is full of corrupt people

bayelsaowei:
just imagine if the NLNG was operated and run by the FG..

I really wouldn't want to imagine that...

midolian:


http://dailypost.ng/2018/11/17/2019-presidency-shehu-sani-reveals-one-atikus-dangerous-intention/

the worse is he will be the one to buy the 90% share then operate a monopoly
Mtcheeeew thieves!!!

CilicMarin:
Shehu Sani is a useless, frustrated and embittered man. He should shove his Useless opinion down his sagging ass!

just like that? And where do you shove your over useless opinion?

sholatech:


If truly this your list is correct, most of these firms are doing well and far better than when they were owned by Government. Africa Petroleum has now turned Otedola to one of the richest men in the world. Ashaka cement now being run with huge profit by the multinationamultinational firm La Farge. Southern SunSun Ikoyi is doing beautifully well. Etc etc

YES, NITEL IS DOING GREAT

NEPA IS DOING WELL

NIGERIA INSURANCE IS DOING WELL


I THINK U ALL WANT TO BE MAD IN THIS COUNTRY

My problem is who is buying it not selling it out.
If it's sold out better for Nigeria.

revolt:
but really you guys should lie wth mercy. When did atiku sell these companies. Are u just ediots to spew rubbish. Soon ill hear he sold bakassi to Cameron. Atiku has never been the head of state sef....na wa o. So nitel is private owned...did he also sell ministry of finance and cbn ? Na wa oo...he even sold festac.....na wa

Between 1999 and 2003; the period OBJ left him in charge of the economy.