What if privatizing NNPC is the best option, because we all know people care less about government owned property.

ManirBK:
Ask Atiku the gains of selling NITEL? If Atiku does not know, the sales of NITEL led to lost of job by many Nigerians. The sales also collapsed the utilization of landlines in Nigeria. It also saw the death of M-tel the GSM sector of NITEL. If not for the coming of private investors who invested their private funds to provide GSM telecommunication in Nigeria, before privatization of the telecom sector 2 years after. Nigeria today would be out of telecom, just as Trascop which bought NITEL has reduced it to just landed assets

so....20yrs down the line, has it been worth it?

Has the Soldiers been oriented on what a ballot box looks like, before they shoot those with launch box! ����

if u like sell am, if u like leave am, person wey go win election go still win am

Dino98:


What people fail to realize is that selling is the best option.

Now NITEL sale might not have gone well but it is a lesson learnt.

Right now NNPC
1) is full of looters...whoever they they put in charge including the board steal and loot a huge portion of the revenue...

2) all the money put in there for revamping the refineries...they have been eating it. So the refineries are still the way they are.

3) under Mr INTEGRITY, How far?? Is the NNPC better??

Imagine we still can't refine enough crude for our population. Its embarrassing na

But if privatization is done right,

1) the government goes into agreement with the organization as to how much is paid into the federal account monthly...it becomes a fixed amount(depending on the price of crude)

2) now the private organization will work twice as hard to.make sure the refineries are at optimal performance, becos they have to make money for FG and themselves.

3) we can begin to produce enough products for our consumption...no longer importing....which in turn will reduce the price of petrol at d stations.

There are actually alot of benefits of privatization...if its done properly and genuinely.

The refineries are just wasting away and money just disappearing....but this way we get a fixed
Revenue, paid straight into the Federal account.

But again if it must be done, it has to be a genuine process...no hidden agenda

Bro, its not really as easy as you just wrote. The idea is quite good but many factors one to play; political, economic, labour, legal, so many others that makes it such a mess after the proposed sale.

Good idea, but require a very good bidding processes.

God help our nascent Democracy.
Amen.

good job president.atiku.already thinking.like president.trump.for real.leta get nigeria.workiing.again

Jiang:


The idea itself is good, but we all know atiku is going to sell it to himself & his incompetent friends at a very cheap rate

Which cheap rate?

Go and check who was chairman of privatization.

El-Rufai swore under oath that Atiku never tried to influence him.

Be truthful, if Atiku was still in APC, will he be labelled corrupt?

Buhari is the corrupt one.

vanthoffz:

Wetin u inherit..

Irrational question....

Go ask the elderly in your family

Eediot

Slynation:
What if privatizing NNPC is the best option, because we all know people care less about government owned property.

That's exactly the point: Nigerians don't care about Publicly Owned Properties. That's why they loot &/Vandalize them, assuming that its "nobody's" own & nobody cares, but in actual fact our future & children is threatened.

D more reason he won't win,let's come out enmass and vote AAC-OMOYELE sowore as president.

Dino98:


What people fail to realize is that selling is the best option.

Now NITEL sale might not have gone well but it is a lesson learnt.

Right now NNPC
1) is full of looters...whoever they they put in charge including the board steal and loot a huge portion of the revenue...

2) all the money put in there for revamping the refineries...they have been eating it. So the refineries are still the way they are.

3) under Mr INTEGRITY, How far?? Is the NNPC better??

Imagine we still can't refine enough crude for our population. Its embarrassing na

But if privatization is done right,

1) the government goes into agreement with the organization as to how much is paid into the federal account monthly...it becomes a fixed amount(depending on the price of crude)

2) now the private organization will work twice as hard to.make sure the refineries are at optimal performance, becos they have to make money for FG and themselves.

3) we can begin to produce enough products for our consumption...no longer importing....which in turn will reduce the price of petrol at d stations.

There are actually alot of benefits of privatization...if its done properly and genuinely.

The refineries are just wasting away and money just disappearing....but this way we get a fixed
Revenue, paid straight into the Federal account.

But again if it must be done, it has to be a genuine process...no hidden agenda

That rubbish you typed there is not privatisation

ogunnoikitaiwo:
let take NEPA as example....

Very good observation. Not only are we not seeing electricity, we are also paying for sunlight! It is finished for this country if this thief comes in.

Business man

We and our incoming President Atiku, will sell/scrap many things when we get into office come May 29th 2019.
We will also create a social welfare scheme, it is better perple are on welfare than hidding themselves and their families in corporation, parastatals, and schemes that are not adding value to the nation.
Just imagine working at a refinery in Nigeria as an engineer for the past 20yrs, you get paid salary and even get promotions, yet the refinery you for has not produce anything for Nigeria in 20yrs haba!!!
And you are saying national asset should not be sold, who's asset?

ManirBK:
Alhaji Atiku Abubakar, presidential candidate of the Peoples Democratic Party on Wednesday in Kaduna reiterated his plan to privatise the Nigerian National Petroleum Corporation(NNPC), if elected president on Feb 23.
Abubakar spoke at a town hall meeting with ward, local government and state party leaders in the state at the Kaduna Trade Fair Complex.

He said that the NNPC had failed to serve the purpose for which it was established in 1977.
According to him, selling-off the Corporation and all the three refineries is the best option for the country, likening it to the sale of Nigerian Telecommunication Limited (NITEL).

Abubakar said Nigeria is among the biggest producers of crude, but lamented that the country still imports refined products for local consumption at exorbitant prices to the detriment of the common man.
He said, if elected President, he would deregulate the NNPC and sell it to Nigerians. the way Obasanjo sold NITEL.
However, he forgot to mention that the sale of NITEL was disastrously done.
Under Obasanjo, NITEL went through several botched sales and management turnaround contracts. First, 51 per cent of the shares was sold to a group of investors under the trading name of Investors International London limited.
The sale was cancelled after the investors failed to pay. Then in 2003, , the government approved a management turnaround contract with a firm called Pentascope. The contract was cancelled in 2005 after it became clear Pentascope did not have the adequate resources to run NITEL.
In 2005, government again offered NITEL to Orascom. This failed again, leading the government to sell it to a subsidiary of Transcorp in 2007. The sale was revoked in 2009. In 2014, the firm was sold to NATCOM, a group of investors led by Tunde Ayeni. Ayeni since then has been running it as NTEL

https://www.dailytrust.com.ng/nnpc-had-failed-to-serve-its-purpose-says-atiku-insists-to-sell-it.html?

When people here “sell” they think it’s a bad idea, Check all capitalist country across the world, there assets are being sold or conceesioned to investors with the government retaining a reasonable percentage of the asset while the investor or whoever buys it pay a huge amount of money in tax form, even if there are incentives in the agreement, the original asset still get huge amount of money in corporate tax.

For instance, The eagle square Abuja is owned by the federal government but concessioned to some investors, they manage it, they put it out for rent and other various purposes it can serve while the government still owns a stake in it and still they return huge amount of money to the federal government, another is the TBS in Lagos which operates just like the eagle square. It is not a bad idea after all if you have a capitalist thinking where the outcome is economic boom and less corrupt institution

Emedu:
dangerous sign for civil servants! if Atiku privatize NNPC to himself all other agencies should be preparing. Civil Servants tell your son and daughter to vote Buhari to avoid prayer and fasting.

Compared to NITEL, please tell me how many people MTN, Airtel, Glo, 9mobile, Smile, etc have employed. Not to mention recharge card and telecoms sub-dealers.

I wonder why some nigerians cant see a bigger picture. SMH

I don't know what this Atiku is thinking about oooo,? You want to sell the h
Head, I mean the only thing that is still making this country have something to exist for... Sell NNPC means sell Nigeria and Nigerians who does that and who are the buyers.
Nitel sold nothing to show for it.
Phcn sold it became worse and worse with something the idiot called estimated billing of 15-25 I monthly bill.
Prepaid meter was suppose to be part of the benefit of selling the PHCN but wetin we gain... Pay 30k for prepaid later 10houses 30k per person before collecting but now pay 100k to get it its barbaric....
Now you want to sell NNPC for what gain.... For what reason wetin we gain empty promises and suffer..... I have to hear the word privatisation in this country cos it never worked.

Proudlyngwa:

That rubbish you typed there is not privatisation

Pardon my ignorance

Enlighten me please....what is privatization??

ManirBK:
Alhaji Atiku Abubakar, presidential candidate of the Peoples Democratic Party on Wednesday in Kaduna reiterated his plan to privatise the Nigerian National Petroleum Corporation(NNPC), if elected president on Feb 23.
Abubakar spoke at a town hall meeting with ward, local government and state party leaders in the state at the Kaduna Trade Fair Complex.

He said that the NNPC had failed to serve the purpose for which it was established in 1977.
According to him, selling-off the Corporation and all the three refineries is the best option for the country, likening it to the sale of Nigerian Telecommunication Limited (NITEL).

Abubakar said Nigeria is among the biggest producers of crude, but lamented that the country still imports refined products for local consumption at exorbitant prices to the detriment of the common man.
He said, if elected President, he would deregulate the NNPC and sell it to Nigerians. the way Obasanjo sold NITEL.
However, he forgot to mention that the sale of NITEL was disastrously done.
Under Obasanjo, NITEL went through several botched sales and management turnaround contracts. First, 51 per cent of the shares was sold to a group of investors under the trading name of Investors International London limited.
The sale was cancelled after the investors failed to pay. Then in 2003, , the government approved a management turnaround contract with a firm called Pentascope. The contract was cancelled in 2005 after it became clear Pentascope did not have the adequate resources to run NITEL.
In 2005, government again offered NITEL to Orascom. This failed again, leading the government to sell it to a subsidiary of Transcorp in 2007. The sale was revoked in 2009. In 2014, the firm was sold to NATCOM, a group of investors led by Tunde Ayeni. Ayeni since then has been running it as NTEL

https://www.dailytrust.com.ng/nnpc-had-failed-to-serve-its-purpose-says-atiku-insists-to-sell-it.html?

The nitel,mtel,transcorp,Delta steel u sold to yursef,how are they fairing?

Mitchewww:


Which cheap rate?

Go and check who was chairman of privatization.

El-Rufai swore under oath that Atiku never tried to influence him.

Be truthful, if Atiku was still in APC, will he be labelled corrupt?

Buhari is the corrupt one.

Atiku was & is still corrupt even under APC, never liked him then, If Buhari will decamp to PDP today, I shall vote PDP

Shaprara:



When people here “sell” they think it’s a bad idea, Check all capitalist country across the world, there assets are being sold or conceesioned to investors with the government retaining a reasonable percentage of the asset while the investor or whoever buys it pay a huge amount of money in tax form, even if there are incentives in the agreement, the original asset still get huge amount of money in corporate tax.

For instance, The eagle square Abuja is owned by the federal government but concessioned to some investors, they manage it, they put it out for rent and other various purposes it can serve while the government still owns a stake in it and still they return huge amount of money to the federal government, another is the TBS in Lagos which operates just like the eagle square. It is not a bad idea after all if you have a capitalist thinking where the outcome is economic boom and less corrupt institution

We are not saying the idea is bad, it's just we don't trust atiku to do it

Atiku PLS SELL NNPC AND OTHER ECONOMIC ASSETS THATS GENERATING MONEY FOR NIGERIA FROM THE SS AND SE AND USE THE MONEY TO DEVELOP NORTH THEN YOU CAN NOW RESTRUCTURE NIGERIA.



HELP US TEACH THE SS AND SE THE LESSON THEY WILL NEVER FORGET IN THEIR LIVE AFTER SELLING ALL THEIR ASSETS



IPOB ARE SHOUTING FOR RESTRUCTURING BCS THEY WANT TO BE MANAGING ALL THE CRUDE-OIL RESOURCES THEMSELVES BUT I WANT Atiku TO HELP US SELL THOSE ASSETS AND USE THE MONEY TO DEVELOP ADAMAWA AND OTHER STATES IN THE NORTH THEN YOU CAN NOW RESTRUCTURE NIGERIA


ONLY Atiku CAN HELP US TEACH THE PATHETIC IPOB SOME SENSES THAT THEY LACK BY SELLING OFF THEIR RESOURCES

briefness:

How is it that some Nigerians cannot glaringly see that we can not afford to pay the bills of the crop of politicians in PDP? It just cannot be PDP. Who will NNPC be sold to? Atiku's friends? No wonder he made a lot of new friends including those that vowed not to forgive him. DPR, NPDC, NGC and all NNPC SBU's will be sold as well. If the owners of NNPC tells us that crude oil production is at 50,000 barrels for instance, that is what we get paid.

The build up to Election 2019 has shown that the elites control a section of the masses. They sway our emotions and influences greatly how we think. Even initiatives for the masses are regarded as vote buying. How could they have sold this to us so soon to have forgotten the past and we now want to atikulate? The elites sure understand us very well and knows the right buttons to press and at the right time. The very reason we are willing and ready to hand back the treasury to them and we are also doing that happily as well.

What about those WHO PROMISED US FUEL 1LITRE @N45 but ended up selling it at N145 to NIGERIANS after telling us that SUBSIDY WAS A SCARM AND THEY ARE EQUALLY IMPLEMENTING THE SAME SUBSIDY AT EVEN A HIGHER PRICE.
APC is an Adultrated old men and liars party bewitching the masses.
Everything about Apc govt is INCOMPETENCE,INCONCLUSIVE & PROPAGANDA .

mycar:
What is there in nnpc to sell? The refineries are not working. So, what's the big deal, the longer the equipment remain there, the lesser their values become.
Anyways, I know that he will need the Senate approval, they know the best.

Sell NNPC, it will die a natural death.

Same fate befell NTEL. They cant compete favourably.

Selling a sick horse to a great rider will not change anyones fortune. This is not rocket science.

Atiku will take Nigeria back to 2003, mark my words.

Dino98:


Pardon my ignorance

Enlighten me please....what is privatization??

That is PPP
Public Private Patnership , which is a good thing, but you managed to mumble it.
Privatisation is the selling off of government enterprises to private individuals, if which government has no control off its rumming, outside regulating it.

Nigeria's version of it is to undervalue an asset and sell it to their cronies.
Unfortunately it won't work this time as Atiku is not smelling Aso rock gate, not to talk of the seat

All ATIKU needs to do is give some dollars to the senator's and then the rest is history.

Say no more.

TruthinAction:
I thought the sale is subject to two third vote from the Senate? Can he do it unilaterally? Pls educate me.

You gave a Lame reason to sell off Nnpc!! It's basically about your hatred for politicians putting their kids in Nnpc as a staff!

If u were in similar position you would do the same for your kids.

Get a binoculars,then u will get a clearer picture or better still free your mind from hate,and you will clearly understand the consequences of selling off NNPC.

phase1:
The useless NNPC should be sold. I agree 100% with Atiku. The useless parastatal is where APC politicians place their Dullard's children while intelligent Nigerian graduates without political connection submit their CVs only to find their credentials thrown out for the akara woman to use in wrapping fries.

Sell the damn thing! It has refused to work.

Buhari's daughter who had a 3rd class from a UK university is now on the board of directors in NNPC while 1st and 2nd class graduates are languishing away on the streets begging for a piece of bread to eat.
May God punish all Buhari's zombies. They are just useless slaves and abobaokus who should die painful deaths.

NNPC is simply an avenue used by politicians to enrich their kids!

For better efficiency, Sell the damn thing, so that the private owners will enthrone meritocracy and employ the best hands in order to make it work. If they don't they'll be the one losing money.

Proudlyngwa:


That is PPP
Public Private Patnership , which is a good thing, but you managed to mumble it.
Privatisation is the selling off of government enterprises to private individuals, if which government has no control off its rumming, outside regulating it.

Nigeria's version of it is to undervalue an asset and sell it to their cronies.
Unfortunately it won't work this time as Atiku is not smelling Aso rock gate, not to talk of the seat

LOL....I get u, there is indeed a difference but u are not getting the full picture.

I would love to start explaining sometins to u but no need u are pro-buhari

Gforce2019:


Your madness is beyond sedative injections....
So, corruption and looting is nothing to you...

Just keep watching your back because you are part of the Atiku thugs and scallywag that the military boiz will send to grave this Saturday ...
Looters and ballot box snatcher Crew

after Atiku done win come 23 I believe u we relocate to Sudan where ur master came from because Nigeria no go accept killers like ur BMC Crew and then APC party. Mugu from Sudan

Jiang:


Atiku was & is still corrupt even under APC, never liked him then, If Buhari will decamp to PDP today, I shall vote PDP

Are you voting for the last time in your life this year?

Because this is the last election Buhari will ever contest in.

Its certain your support for Buhari is under his fake integrity which has been torn to shreds by his consistent support of corrupt practices by his croonies.

Why not vote Moghalu or Sowore?

Buhari and Atiku are corrupt.

Artiku is artikulate but Buhari is already senile (used for lack of appropriate word).

A vote for So were or Moghalu is a vote for Buhari.


Vote Atiku

ManirBK:
Alhaji Atiku Abubakar, presidential candidate of the Peoples Democratic Party on Wednesday in Kaduna reiterated his plan to privatise the Nigerian National Petroleum Corporation(NNPC), if elected president on Feb 23.
Abubakar spoke at a town hall meeting with ward, local government and state party leaders in the state at the Kaduna Trade Fair Complex.

He said that the NNPC had failed to serve the purpose for which it was established in 1977.
According to him, selling-off the Corporation and all the three refineries is the best option for the country, likening it to the sale of Nigerian Telecommunication Limited (NITEL).

Abubakar said Nigeria is among the biggest producers of crude, but lamented that the country still imports refined products for local consumption at exorbitant prices to the detriment of the common man.
He said, if elected President, he would deregulate the NNPC and sell it to Nigerians. the way Obasanjo sold NITEL.
However, he forgot to mention that the sale of NITEL was disastrously done.
Under Obasanjo, NITEL went through several botched sales and management turnaround contracts. First, 51 per cent of the shares was sold to a group of investors under the trading name of Investors International London limited.
The sale was cancelled after the investors failed to pay. Then in 2003, , the government approved a management turnaround contract with a firm called Pentascope. The contract was cancelled in 2005 after it became clear Pentascope did not have the adequate resources to run NITEL.
In 2005, government again offered NITEL to Orascom. This failed again, leading the government to sell it to a subsidiary of Transcorp in 2007. The sale was revoked in 2009. In 2014, the firm was sold to NATCOM, a group of investors led by Tunde Ayeni. Ayeni since then has been running it as NTEL

https://www.dailytrust.com.ng/nnpc-had-failed-to-serve-its-purpose-says-atiku-insists-to-sell-it.html?

See Daily Trust playing APC politics. Was it not the deregulation of the telecom industry and sale of NITEL that ushered in the telecom boom that we are all enjoying today with our MTN, 9mobile, Airtel, etc? Have you forgotten how hopelessly corrupt and incompetent NITEL was when it was still a behemoth monopoly?

This country is a joke.