₦airaland Forum

Atiku Speaks Against Proposed Ammendments To PIA

Recent developments surrounding the proposed amendments to the Petroleum Industry Act (PIA) and the planned divestment of significant equity in key joint ventures within the oil and gas sector are disconcerting.

While I have consistently advocated for liberalization and the revitalization of underperforming state-owned enterprises, including through privatization where necessary, it is imperative that such efforts are guided by transparency, national interest, and long-term strategic value.

The Petroleum Industry Act was enacted to bring clarity, accountability, and investor confidence to a sector long plagued by opacity. Any attempt to amend its core provisions must be approached with caution and broad stakeholder engagement.

The reported plans to reduce the Federation’s stakes in joint ventures such as RAEC JV, Oando JV, and Seplat Energy JV, especially under terms that appear to disproportionately favour select insiders and foreign entities, risk undermining Nigeria’s sovereignty over its most strategic resources.

These moves, if not properly managed, could erode public trust, destabilize the sector, and compromise our energy security.

The Federal Government must ensure that any privatization exercise is conducted with full transparency, guided by competitive bidding, and subject to rigorous public scrutiny. The process must reflect our shared commitment to protecting Nigeria’s economic future and ensuring that the benefits of our natural resources are equitably distributed.

We must resist the temptation to pursue short-term gains at the expense of Nigeria’s national interest and long-term national stability. -AA

https://x.com/atiku/status/1967575808676950184

Nigerians, we are witnessing state capture in full swing

Says someone who along with his boss, OBJ couldn't pass the PIB into law till they left office, PDP throughout their sixteen years couldn't pass the bill into law until Buhari did in 2021. But this shameless politician has the gut to come out to talk. The most corrupt VP in the history of Nigeria.

With APC almost constituting 2/3rd of the Senate, it’s time for Tinubu to start strategically selling Nigeria to himself and his cronies.

Wish should never have allowed this disaster get into power.

I blame the cabals who switched Peter Obi’s mandate for this kleptomaniac.

The reported plans to reduce the Federation’s stakes in joint ventures such as RAEC JV, Oando JV, and Seplat Energy JV,

And what's wrong in reducing our liabilities in joint ventures?, Mr Atiku. This is the same man who openly said he would sell off Nigeria's 100% stakes in our refineries to his friends and cronies. Can you smell the hypocrisy and double standards of Atiku miles away?, the inconsistencies and lack of integrity. Atiku, take a several seat back and rest, Nigerians have rejected you a long time ago.

-Kiss the truth!

zero8zero:
Says someone who along with his boss, OBJ couldn't pass the PIB into law till they left office, PDP throughout their sixteen years couldn't pass the bill into law until Buhari did in 2021. But this shameless politician has the gut to come out to talk. The most corrupt VP in the history of Nigeria.

The man is a snake, they do worse while in Govt and after leaving office, they become saints. Can you imagine that even his oga, Obasanjo is now accusing the NASS of corruption, that's the President that introduced Ghana must go bag to the same NASS under his watch. And that's why the coalition and the criticisms of the Government isn't about Nigeria but the greed to get back to power, since they can hardly survive without power. However, they have failed woefully this time.

-Kiss the truth!

AMINDA:
Nigerians, we are witnessing state capture in full swing

State capture how? What is state capture in an attempt to amend a law? Will the law not pass through the Senate and the Federal House of Representatives? Can you break down exactly what is wrong with the proposed amendment and how it constitutes state capture?

For 8 years, Atiku and the PDP government failed to reform the oil industry. Instead, Atiku as chairman of the National Council on Privatization sold almost half of our national assets to himself at giveaway prices. He came on national television before the last general election and boasted that he will sell the NNPC to his friends. So, what advice can such a character offer the government? When people are talking about certain things, Atiku should keep quiet.

Penguin2:
With APC almost constituting 2/3rd of the Senate, it’s time for Tinubu to start strategically selling Nigeria to himself and his cronies.

Wish should never have allowed this disaster get into power.

I blame the cabals who switched Peter Obi’s mandate for this kleptomaniac.

Other than the usual politicization of almost everything, there is nothing reasonable in this your post.

Mr. President is reforming Nigeria. From fuel subsidy to unification of the exchange rate to the revitalization of the insurance sector and recent massive reform of our tax system. Now, he’s attempting to carryout a full reform of the Petroleum Industry by trying to amend the PIA to help reposition the sector for better efficiency. What exactly is the disaster in all these?

Dictatorship is here in full scale 11 more characters needed

Saint ATIKU.Same Man wey wan make his FRIENDS RICH and the POOR to beg for crumbs

Penguin2:
With APC almost constituting 2/3rd of the Senate, it’s time for Tinubu to start strategically selling Nigeria to himself and his cronies.

Wish should never have allowed this disaster get into power.

I blame the cabals who switched Peter Obi’s mandate for this kleptomaniac.

Thank God say na ibo man get SEPLAT, to say na me be Tinubu, I will just increase FG stakes in the joint venture and make sure I reduce the stakes of private partners and I would love to hear you wail about Goverment marginalizing the ibos.

Penguin2:
With APC almost constituting 2/3rd of the Senate, it’s time for Tinubu to start strategically selling Nigeria to himself and his cronies.

Wish should never have allowed this disaster get into power.

I blame the cabals who switched Peter Obi’s mandate for this kleptomaniac.

It's true cause peter Obi won Kano & Katsina with margin

zero8zero:
Says someone who along with his boss, OBJ couldn't pass the PIB into law till they left office, PDP throughout their sixteen years couldn't pass the bill into law until Buhari did in 2021. But this shameless politician has the gut to come out to talk. The most corrupt VP in the history of Nigeria.

What is the faith of Daily Times, Transcorp, Nitel, our Steel Companies and all other Nigeria Investments privatised by Atiku.

Why is it non, not even one is functioning today

I hope are seeing their real enemies now? These are the people that are profiting from the fraudulent subsidy regime.

zero8zero:
Says someone who along with his boss, OBJ couldn't pass the PIB into law till they left office, PDP throughout their sixteen years couldn't pass the bill into law until Buhari did in 2021. But this shameless politician has the gut to come out to talk. The most corrupt VP in the history of Nigeria.

Talking about shameless like a bitch......
Follow the talk and.not the talker......
The mass corruption during the APC era in the Petroleum industry is better left unsaid

The same Atiku that sold all sorts of Nigerian assets as VP

Oga, before you become President (if ever you will be), all those remaining assets you and your friends are still eyeing will be gone

You think say na only you wise

Mr. President's undiluted Romance with Paris is giving me concern with regards to National Security. The amended might render us penniless if what Oga Atiku said is true. Those throwing energy transitions about are yet to transit

zero8zero:
Says someone who along with his boss, OBJ couldn't pass the PIB into law till they left office, PDP throughout their sixteen years couldn't pass the bill into law until Buhari did in 2021. But this shameless politician has the gut to come out to talk. The most corrupt VP in the history of Nigeria.

Abeg, who do you like this? You didn’t read the article, that one is clear, because if you did, you wouldn’t be disgracing yourself with ignorance like it’s a national assignment. Every small thing, you drag PDP as if that will wash APC’s monumental failure clean. Your APC has redefined corruption; they don’t just steal, they steal with pride and call press conferences after. Yet you’re here shouting “Atiku is corrupt.” Please, Professor Evidence, can you show us the court judgment that convicted him? Or is it only in your WhatsApp group university that such cases are decided?

Penguin2:
With APC almost constituting 2/3rd of the Senate, it’s time for Tinubu to start strategically selling Nigeria to himself and his cronies.

Wish should never have allowed this disaster get into power.

I blame the cabals who switched Peter Obi’s mandate for this kleptomaniac.

Which mandate are you talking about? Peter Obi couldn't provide results of how he won when he was given the chance to

seunmsg:
State capture how? What is state capture in an attempt to amend a law? Will the law not pass through the Senate and the Federal House of Representatives? Can you break down exactly what is wrong with the proposed amendment and how it constitutes state capture?

For 8 years, Atiku and the PDP government failed to reform the oil industry. Instead, Atiku as chairman of the National Council on Privatization sold almost half of our national assets to himself at giveaway prices. He came on national television before the last general election and boasted that he will sell the NNPC to his friends. So, what advice can such a character offer the government? When people are talking about certain things, Atiku should keep quiet.

You should know that so many here do not even understand the meaning of words they use. He has heard "State capture" somewhere and thought it sounds nice leading to his desperation to now use it senselessly.

zero8zero:
Says someone who along with his boss, OBJ couldn't pass the PIB into law till they left office, PDP throughout their sixteen years couldn't pass the bill into law until Buhari did in 2021. But this shameless politician has the gut to come out to talk.

The most corrupt VP in the history of Nigeria.

16 years of deregulation and privatisation prosperity that APC changed to extreme poverty shege in 2015?

Is that what you’re talking about

How is Atiku the most corrupt VP when he had no executive authority over government spending? Is he more corrupt than Tinubu, whose Lagos master plan raised IGR and budget to N3.4 trillion from N42 billion, without employing workers to make ordinary water available in sophisticated Lekki?

fergie001:

https://www.youtube.com/watch?v=g5v-F81hNTs

The Permanent Secretary, Office of Drainage Services and Water Resources in Lagos State, Mahmood Adegbite, has said that people drilling borehole in the Lekki axis of the state is probably drinking ‘’shit water.”

While speaking at a stakeholders meeting in the state recently, Adegbite noted that contaminated boreholes in Lekki pose health risk and added that treatment of waste water would eradicate any form of disease that may arise from it.

He said, “On waste water treatment, I will say that everyone digging borehole within the Lekki axis is probably drinking what I will call ‘shit water.’

https://punchng.com/video-everyone-digging-borehole-in-lekki-is-probably-drinking-shit-water-lagos-govt/?fbclid=IwQ0xDSwMABDJjbGNrAwAEK2V4dG4DYWVtAjExAAEewOd7728C0FSKQJNWar4yKRxNpNKt1owSlw47y57FKAux2QxvQL24Iu18rtw_aem_3kB5Sd2GjpdqjN6zFuIs7w

seunmsg:
State capture how? What is state capture in an attempt to amend a law? Will the law not pass through the Senate and the Federal House of Representatives? Can you break down exactly what is wrong with the proposed amendment and how it constitutes state capture?

For 8 years, Atiku and the PDP government failed to reform the oil industry. Instead, Atiku as chairman of the National Council on Privatization sold almost half of our national assets to himself at giveaway prices. He came on national television before the last general election and boasted that he will sell the NNPC to his friends. So, what advice can such a character offer the government? When people are talking about certain things, Atiku should keep quiet.

REFORM…. The new word of agbadorians.

One man and his coronies is stealing your common wealth and plunging you into generational poverty, you people are here cheering him on and shouting reform, because he is from your tribe and religion.

ibabz:
Abeg, who do you like this? You didn’t read the article, that one is clear, because if you did, you wouldn’t be disgracing yourself with ignorance like it’s a national assignment. Every small thing, you drag PDP as if that will wash APC’s monumental failure clean. Your APC has redefined corruption; they don’t just steal, they steal with pride and call press conferences after. Yet you’re here shouting “Atiku is corrupt.” Please, Professor Evidence, can you show us the court judgment that convicted him? Or is it only in your WhatsApp group university that such cases are decided?

Faposky95:
Talking about shameless like a bitch......
Follow the talk and.not the talker......
The mass corruption during the APC era in the Petroleum industry is better left unsaid

Ignorance is bliss. APC is reviving this same oil industry that your power grabbers destroyed while in office. APC signed the PIB into law and now we have investors indicating interests in building private refineries. We now record increase in crude oil production, and the lowest crude oil theft in 16 years, oil theft and pipeline vandalism are now at an all time low. All of these, while the international price is much lower than the period PDP was in power. This current administration has also implemented a drill or drop policy to revive all our dormant oil wells, which has so far , over 42 oil wells are back to production. I feel so sorry for you, bitterness & hate had done a huge number on you. Once again, ignorance is bliss.

iwaeda:
Atiku Speaks Against Proposed Ammendments To PIA


https://x.com/atiku/status/1967575808676950184

Ose our reasonable opposition leader unlike the one dishing out fake statistics like no tomorrow.
Let me ruin the evening for the fake unfriendly Lovers of Nigeria.
Inflation rates just dropped for the fifth consecutive time since April. The master of the game is the one in control. Before the election you will buy a bag of Rice for #20,000. Quote this. For the first time in the history of Nigeria we are seeing the prices of things coming down. Rice was #100,000 a bag now #50,000 and it's going down to #20,000.

https://www.vanguardngr.com/2025/09/breaking-nigerias-inflation-rate-eases-5th-consecutive-month-to-20-12-in-august/

zero8zero:
Says someone who along with his boss, OBJ couldn't pass the PIB into law till they left office, PDP throughout their sixteen years couldn't pass the bill into law until Buhari did in 2021. But this shameless politician has the gut to come out to talk. The most corrupt VP in the history of Nigeria.

We know you don't like Atiku but stop spreading lies along with your fellows.
You want OBJ and Atiku to pass something into law that did not exist before then.
Simple research you will not do before commenting. You think in a place like Nigeria it's easy to pass somethings into law when another section will fee that they are doing it to favour the other.
Up till now the benefits for host community that the bill address to benefits them they are yet to be enjoying such benefits.

zero8zero:
Says someone who along with his boss, OBJ couldn't pass the PIB into law till they left office, PDP throughout their sixteen years couldn't pass the bill into law until Buhari did in 2021. But this shameless politician has the gut to come out to talk. The most corrupt VP in the history of Nigeria.

Not just that, did Atiku show transparency, accountability, national interest and future of the nation when he was selling Ajaokuta steel, petrochemical industries, newsprint manufacturing company, steel plants and others during his tenure as vice president? If he did, where are the benefits of such sale today? I am not against the principles he was mentioning, but did he uphold those principles when he was selling our national assets for peanuts to his friends?