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Buhari Government Has Failed In Nigerian Oil And Gas Sector, It Should Get Out - Politics - Nairaland

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Buhari Government Has Failed In Nigerian Oil And Gas Sector, It Should Get Out by ogododo: 9:58pm On Oct 13, 2022
El-Rufai who asserted that the government fumbled in the sector, said Nigeria was living on taxes, royalties and income taxes.

The Kaduna State Governor, Nasir El-Rufai, on Thursday said that the President Muhammadu Buhari-led administration failed and should get out of the oil and gas business.

El-Rufai who asserted that the government fumbled in the sector, said Nigeria was living on taxes, royalties and income taxes.

He ascertained that the Nigerian National Petroleum Corporation was a big problem to Nigeria, noting that it would bring Nigeria to its knees unless it was resolved,

The governor made this disclosure while speaking at KADINVEST, an annual event organised by the Kaduna State Investment Promotion Agency, on Thursday.

He noted that the sectors doing well in the country were entertainment, telecoms, fintech and others that had no government’s involvement.

He affirmed that nothing had changed with the commercialisation of the Nigerian National Petroleum Company in July 2022, noting that though the Group Chief Executive Officer of NNPC Limited, Mele Kyari, was trying his best; the company had failed and had no business being in the sector.

He said, “There is no reason why the Nigerian government should still be in the oil and gas sector. It should just get out, it has failed. By every measure it has failed.

“We are living on taxes. It is PPT, royalties and income tax that are keeping this country going because NNPC claims that subsidy has taken all the oil revenues, I don’t believe that. So, the government should sell everything —the oil and gas sector. I have been making this point since 1999 when I was head of the Bureau of Public Enterprises (BPE). I have not changed my mind.

“The government should get out of whatever is left of electricity. Leave it to the private sector. Maintain the environment. The money will come. Nothing has changed for NNPC other than adding L to it for the limited. They are still taking our money. They are still declaring profits that we don’t see the dividends.

“NNPC is a big problem to Nigeria and unless we resolve it, it will bring Nigeria to its knees. It’s a systemic and institutional problem, it’s beyond one person.”



https://saharareporters.com/2022/10/13/buhari-government-has-failed-nigerian-oil-and-gas-sector-it-should-get-out-governor-el
Re: Buhari Government Has Failed In Nigerian Oil And Gas Sector, It Should Get Out by gabmanuel(m): 10:16pm On Oct 13, 2022
If it's true, he realized late...
Rubbish people.

Obi is coming to fix things for greater Nigeria.
Re: Buhari Government Has Failed In Nigerian Oil And Gas Sector, It Should Get Out by ogododo: 10:18pm On Oct 13, 2022
gabmanuel:
If it's true, he realized late...
Rubbish people.

Obi is coming to fix things for greater Nigeria.
After dem don waste 7 plus half years doing nothing.

Obi wey no shabi wetin he dey fo.
Na Atiku/Okowa be jolly jolly.

1 Like

Re: Buhari Government Has Failed In Nigerian Oil And Gas Sector, It Should Get Out by owobokiri(m): 10:30pm On Oct 13, 2022
There's a reason why both Obasanjo and Buhari insisted on being named as the Ministers of Petroleum, even when that was clearly against the law. They wanted to be in charge of the looting directly.Obviously, with the quantity of crude theft going on these days, you need nobody to tell you that it is these ex army officers working in tandem with serving military officers, that are spearheading the looting.

Oil disappearance of this magnitude started during the dying days of Obasanjo as a military ruler, was resurrected during the Babangida era. It exploded seriously during the Abacha era and might be responsible for the endless billions stashed away in different foreign accounts by Abacha. Monies that are still being repatriated till this day. Buhari seem to have gone way too far in the looting, to the extent that money to run the government started disappearing and this made many people to start asking questions.

It's the presidency that loots Nigerias Oil. The Minister of Petroleum and his NNPC heads! No one else. Others are petty theives. They go to OPEC to get more allocations for more cerise exports, they will then export more than the quantity allocated to the country and then turn around to declare half of the exports! The remaining half, they will keep for themselves in foreign banks! This has been going on for almost 40 years! The biggest heist in human history!
Re: Buhari Government Has Failed In Nigerian Oil And Gas Sector, It Should Get Out by ogododo: 11:00pm On Oct 13, 2022
owobokiri:
There's a reason why both Obasanjo and Buhari insisted on being named as the Ministers of Petroleum, even when that was clearly against the law. They wanted to be in charge of the looting directly.Obviously, with the quantity of crude theft going on these days, you need nobody to tell you that it is these ex army officers working in tandem with serving military officers, that are spearheading the looting.

Oil disappearance of this magnitude started during the dying days of Obasanjo as a military ruler, was resurrected during the Babangida era. It exploded seriously during the Abacha era and might be responsible for the endless billions stashed away in different foreign accounts by Abacha. Monies that are still being repatriated till this day. Buhari seem to have gone way too far in the looting, to the extent that money to run the government started disappearing and this made many people to start asking questions.

It's the presidency that loots Nigerias Oil. The Minister of Petroleum and his NNPC heads! No one else. Others are petty theives. They go to OPEC to get more allocations for more cerise exports, they will then export more than the quantity allocated to the country and then turn around to declare half of the exports! The remaining half, they will keep for themselves in foreign banks! This has been going on for almost 40 years! The biggest heist in human history!
Buhari no sabi anything, no be so we warned una for 2015.
Re: Buhari Government Has Failed In Nigerian Oil And Gas Sector, It Should Get Out by JASONjnr(m): 11:12pm On Oct 13, 2022
The type of politics that Nigerian politicians play is really worrisome and they actually take Nigerians for a fool.

Elrufai shouldn't think that all Nigerians are those almajiris living on the street and those running to their houses to shout rankadede and be collecting food and money for daily sustainability.

Elrufai have fought and threaten people on social media for talking ill against this government and he wants to start now?

I swear, if we don't shift APC off power, we will never be able to have a better country to be proud of.
Re: Buhari Government Has Failed In Nigerian Oil And Gas Sector, It Should Get Out by ogododo: 11:31pm On Oct 13, 2022
JASONjnr:
The type of politics that Nigerian politicians play is really worrisome and they actually take Nigerians for a fool.

Elrufai shouldn't think that all Nigerians are those almajiris living on the street and those running to their houses to shout rankadede and be collecting food and money for daily sustainability.

Elrufai have fought and threaten people on social media for talking ill against this government and he wants to start now?

I swear, if we don't shift APC off power, we will never be able to have a better country to be proud of.
No be lie. APC be evil party. Broom na sign of edo airway.
Nlfpmod. Mynd44.
Re: Buhari Government Has Failed In Nigerian Oil And Gas Sector, It Should Get Out by ogododo: 8:01am On Oct 14, 2022
El-Rufai.

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