Economic Dangers Of Selling The Nnpc As Proposed By Atiku Abubakar - Politics - Nairaland
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| Economic Dangers Of Selling The Nnpc As Proposed By Atiku Abubakar by jpphilips(m): 6:04pm On Feb 18, 2019 |
THE ECONOMIC DANGERS OF SELLING THE NNPC AS PROPOSED BY ALHAJI ATIKU ABUBAKAR Nigerians in November of 2018 were greeted with an economic proposal perceived to be innocuous by most quarters of the country, by the former Vice president Atiku Abubakar aka Waziri of Privatization scams. I did a research on the direction of that economic policy what turned out was a disaster, recall this publication I’ll sell 90% of NNPC if elected, Atiku vows, https://punchng.com/ill-sell-90-of-nnpc-if-elected-atiku-vows/ In the publication above, Atiku proposed to sell 90% of all the NNPC holdings in his future privatization moves, never mind that 56 government establishments collapsed under his privatization scams of the past. Buhari in his mercy has taken up the responsibility of paying the pensions of Atiku's privatization victims read here; https://www.proshareng.com/news/Pensions/Pension:-FG-begins-payment-of-N17bn-to-NITEL-workers/6735 Can Nigeria survive under a sold NNPC regimen? tough question!! why does other oil dependent economies maintain a national oil company? in Africa; Nigeria has NNPC, Angola has Sanagol, Algeria has Sonatrach, Egypt has EGPC, Libya has NOC etc. In the Middle east; Saudi Arabia owns Saudi Aramco, Qatar owns QP, Bahrain owns BAPCO, iraq owns INOC, Syria owns the Al furat, Iran owns NIOC and so on. In Europe: Russia has Rosneft, Norway has Satoil etc, you can see clearly that every oil dependent economy in Africa, Asia, Europe, middle east maintain an oil company. Why is it so? A national oil company is the country's stake in its oil riches which translates to the oil wealth of the people. What does the NNPC do for the Nigerian economy? In a layman's term, NNPC pays for anything you use that is not produced in Nigeria, in other words, NNPC is your window to the global market. Let us use your American imported car for example. You wish to buy a car from the United States, the Japanese manufacturer in the US insisted you must pay in usd for the transaction, unfortunately your local bank account holds the Naira so how did you get the car eventually? Your bank debits your naira, then pays the dollar equivalent to the US company. smart huh!! Have you wondered where your bank or your Aboki got the USD to facilitate that transaction? my research took me to a CBN activity called Retail Dutch Auction System (RDAS) and Wholesale Dutch Auction System (WDAS), these are avenues your bank, BDC (Aboki) and every other licensed forex trader gets his supply from. Out of curiosity, I decided to dig further where the CBN gets her forex from, the answer wasn't surprising, the NNPC!! through the following common sense processes. Direct oil Sales (NNPC) (70%) Petroleum Profit Tax (Oil Companies) (20%) Royalties (5%) Penalty for Gas Flaring (5%) could this be the reason why every oil dependent economy has a national oil company? Is Atiku planning to steal 70% of Nigeria's oil wealth like he stole all the Niger delta sea ports for 25yrs? We most times follow these politicians around without paying attention to the underlying message of doom they are coming with, Atiku and OBJ orchestrated the most fraudulent privatization heist in the history of this country, read here https://www.nairaland.com/4839445/atikus-source-wealth-revealed-mohammed/1 Unfortunately, most young people that form today's voting block do not know what OBJ & Atiku represent in Nigeria's politics. some people ignorantly argue that since NNPC is a cesspit of corruption therefore it has to be sold, my only response is, even as the cesspit of corruption, it still provides 70% of CBN's forex, if sold, where do we get those forex from? What Business is Nigeria doing today that will provide that insane amount of forex for the utilization of over 180m Nigerians? Am i supposed to borrow cars and shoes from Atiku and his friends? In case you have forgotten so soon how Nigerians landed in poverty due to forex shortages, high cost of living, that was just a tip of what could happen when NNPC sold oil at a lower price, imagine what will happen when NNPC seize to exist. Like everything Atiku privatized, either ended up in his pocket (Niger delta oil and gas free zones) or died out rightly (Nitel, Alscon, Delta steel, News week etc). For Nigerians in the mid stream sector of the oil and gas industry (oil servicing companies) warming up to vote Atiku, your case is worse, 60% of your contracts are paid for by the NNPC through a process called cash calls, if NNPC is sold, has Atiku told you who will pay the cash calls? this segment of Nigerians will be the first victim of that demonic proposal, we will be watching their protest at the NNPC headquarters like we watched ex Nitel staffs in protest back in the days. sound familiar right? https://www.uniglobalunion.org/news/nigeria-nitel-dismissed-78-workers-unions-protest-sack-order what about the ALSCON workers huh!! sounds familiar? https://www.premiumtimesng.com/business/128089-alscon-workers-host-communities-protest-rusals-sack-of-475-nigerians.html God will be fair to Atiku because this time he sounded the doom Trumpet of his dejavu if Nigerians ignorantly gives him the mandate to forge ahead. With this plan, the next round of hunger will not be friendly, after voting Atiku, do not complain he promised change but brought chains, already, I can see your chain under an Atiku leadership, good luck as you do your future proud by resisting this scam in the waiting!! We need a reformed NNPC as proposed by Ibe Kachikwu already endorsed by the US http://nnpcgroup.com/PublicRelations/NNPCinthenews/tabid/92/articleType/ArticleView/articleId/576/US-Endorses-Ongoing-NNPC-Reforms.aspx We need to sustain this NNPC reform that ended the perennial yuletide petrol scarcity in Nigeria, we need to sustain the policy that ended hoarding of petroleum products in Nigeria, we need to sustain this reform that ended the theft of over 400,000bbls of crude oil daily, that's what we need, selling NNPC is evil to say the least. The only beneficiaries of this proposal are Atiku and his friends like peter obi that has the financial war-chest to buy NNPC's assets in bits and pieces, strip the assets, sell them off, become billionaire & walk away. The big question every Nigerian going to the polls on Saturday must ask himself is; Can you live without the NNPC? by extension, can you live without your cars, smart phones, computers, foreign clothes, deodorant, building materials, books, drugs, cosmetics anything in this country that is not made in Nigeria? if your answer is NO, vote any other candidate that is not Atiku. 7 Likes 6 Shares |
| Re: Economic Dangers Of Selling The Nnpc As Proposed By Atiku Abubakar by nairalandankrah: 6:10pm On Feb 18, 2019 |
from what i have read thus far, i think the dangers of NOT SELLING far outweigh the dangers of SELLING. but lets do a simple vote those in favour of selling click like, those Against click share 16 Likes 9 Shares |
| Re: Economic Dangers Of Selling The Nnpc As Proposed By Atiku Abubakar by medoplus(m): 6:12pm On Feb 18, 2019 |
News reaching me is that pdp will start door to door campaign from now till Thursday. Please keep your valuable properties o. You know them o 7 Likes 4 Shares |
| Re: Economic Dangers Of Selling The Nnpc As Proposed By Atiku Abubakar by Atiku4betaNaija: 6:17pm On Feb 18, 2019 |
IF BUHARI WINS, HE WILL GIVE MORE CONTRACTS TO HIS RELATIVE More contracts would be awarded to his relatives and he has asked them to create more account so they can store more money for him there during his last rule. All this was revealed to me by a relative of Buhari. Watch out Nigerians, Buhari second tenure will be hell. I voted fore Buhari in 2015 but he is a big disappointment.Please for the sake of our children's future, let us vote in Dr Atiku Abubakar as president of our great nation Nigeria. He is intellectually sound, he is a proven business manager, and he is not a tribalisic bigot like is opponent APC is just playing with our minds. they want people to think that they are not in working cahoot with the inec chairman, in other to distract our attention from their rigging plan. we must be vigilant, yakubu Mahmoud is working for APC. but the interest of international community in this election is giving the a problem. ie why elrufai complained.the economist magazine said Buhari has failed in every sector ..Have u seen where Nigeria appears in most human development rankings today ? Buharis has taken Nigeria to yhe bottom of the pit on just two years leaving is grappling for worst currency and worst ranking with Zimbabwe ....Are you aware I get an average of just one hour of electricity a day as we speak ...It's a known fact that the man buhari loves and condone corruption, if not some of the things happening now in Nigeria will not happen. Here is a list of how Mr buhari phites coruption * under his watch efcc gave ex governor timipre sylva back his seized houses(48 houses that wer taken and seized from him) and his case with efcc was struck out because he is an apc memberThe exact reason why I don't take a lot of Buharians serious on nairaland- Hypocrisy Atiku was not corrupt when he decamped to APC before 2015. Atiku was not corrupt when they all popped bottles after Jonathan conceded in 2015. For the past three years, when Mr Integrity was making noise about corruption, Atiku was exonerated. But immediately Atiku decided to leave, he became the real definition of corruption. Let the Buharians keep belittling him on nairaland, while Oshiomole keeps thinking in reality. 2019 will be another interesting year Rochas Okorocha appointed about 2 or 3 family into his government and the whole country nearly crucified him. Buhari has been quietly appointing lots of his relatives into positions in government, yet nobody seems to notice, let alone attack him. Is the dullard using jazz to silent Nigerians? I can't help but remove my cap for the babalowo that did this strong jazz for him. My only fear is that buhari might openly rig himself back to power and use this same strong jazz to silent Nigerians.names of people in key position that supports the assumption that the president has actually turned the country into his family venture. The case of Mamman Daura ‘’Mamman Daura is a powerful member of President Buhari’s kitchen cabinet. In fact, he is considered by most as the de facto Vice President of Nigeria. Most critical decisions – such as the choice of Ministers and other important appointments - have been credited to him. He even lives in Aso Rock. Mamman Daura is President Buhari’s nephew. His father is the elder brother of Buhari. Mamman Daura has a son. His name is Kabir Daura. He is President Buhari’s Personal Assistant. Abba Kyari is the Chief of Staff to the President of the Federal Republic of Nigeria. He also happens to be the foster child of -Yes. You guessed it - Mamman Daura. Then there is Hadi Sirika. Hadi Sirika is the Minister of State for Aviation. He is the son of Buhari's elder sister. Hadi Sirika has an elder sister – a niece of Buhari. Her name is Amina Zakari. Amina Zakari was INEC acting Chairman in 2015. She later became the director of operations in INEC, but now has been moved to the director of health services still in INEC. Then there is Aisha Abubakar. She wasn’t even a member of the APC. But all that didn’t matter. But today, she is the Minister of State for Trade, Industry and Investment. Her mother is Buhari’s sister. So, friends, there you have it. And, thanks for your time. I guess we can all now go back to our various lives and contin Signed Sealed and delivered. APC becomes the major opposition party in few weeks. And will finally die off because Tinubu will withdraw and Osinbajo going back to church. Am sure Buhari was allowed just like the Israelites had. Saul.Please vote for Atiku Abubakar to get Nigeria working! Don't listen to the accusations that Atiku looted, even in the court of law, a suspect remains innocent until proven guilty by the court! Until those accusing Atiku provide an indicting evidence against him, please don't listen to them! It is all politics they are playing! Remember that Atiku was their darling in 2015 when he was in APC.I mean how can a sane man defend this government that is so anti- people? BMC is failing and so will BSO fail.we see buhari ready to mortgage our future by selling us to JP Morgan and co. This same hypocrite claimed recently that he was toppled by his peers for his refusal to devalue the niara while it was made clear in the coup speech that announced his removal that Buhari's insistence on borrowing from the world Bank against all reasonable objections was one of the reasons he was toppled. Believe buhari at your own peril It will shock you the unprecedented level of corruption currently going on under Saint Buhari . MDAs are no longer complying with TSA When last did they real out how much is in the TSA? They have bled this country dry with their rabid looting but this time around we will not accept ignorance as an excuse on the part of Buhari. He will be arrested and made to answer for every dime stolen by him and his gang of thieves .Buhari is the biggest crook alive |
| Re: Economic Dangers Of Selling The Nnpc As Proposed By Atiku Abubakar by limeta(f): 6:31pm On Feb 18, 2019 |
No body said anything like selling nnpc |
| Re: Economic Dangers Of Selling The Nnpc As Proposed By Atiku Abubakar by WeirdWolf: 6:53pm On Feb 18, 2019 |
He isn't selling nnpc. We are voting him in come February 23, 2019. Whether you like it or not. 1 Like |
| Re: Economic Dangers Of Selling The Nnpc As Proposed By Atiku Abubakar by Nobody: 6:55pm On Feb 18, 2019 |
Front page lalastiscala |
| Re: Economic Dangers Of Selling The Nnpc As Proposed By Atiku Abubakar by Joevics(m): 6:56pm On Feb 18, 2019 |
So you wrote a full page on someone's statement without even understanding the statement? Atiku wants to sell NNPC, is that all you heard? He said, NNPC will be listed on the stock exchange market to allow NIGERIANS buy shares from it, whilethe FG hold apart of it. This way, there will be transparency in their operations. Isn't that better than what we have today? Moreover, most of the countries you Listed including Quarta are working to sell theirs. Read up my dear. There's a comprehansive plan that wil clarify things for you. 2 Likes |
| Re: Economic Dangers Of Selling The Nnpc As Proposed By Atiku Abubakar by Nobody: 7:00pm On Feb 18, 2019 |
Joevics:Atiku is not be trusted, he is a thief like Buhari. 3 Likes 1 Share |
| Re: Economic Dangers Of Selling The Nnpc As Proposed By Atiku Abubakar by 989900: 7:12pm On Feb 18, 2019 |
nairalandankrah: Your poll is pointless, most folks are ignorant of the source of their woes in life. Some even quickly blame it on some spiritual/metaphysical shenanigans, even for stuffs common sense can decipher. And you, sir, don't even get it! "Democracy is the false assumption that my ignorance is as good as your knowledge" 6 Likes 2 Shares
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| Re: Economic Dangers Of Selling The Nnpc As Proposed By Atiku Abubakar by Nobody: 7:26pm On Feb 18, 2019 |
jpphilips:You have a superior I.Q-some wasting your time trying to reason to brainless morons 1 Like |
| Re: Economic Dangers Of Selling The Nnpc As Proposed By Atiku Abubakar by SarkinYarki: 7:35pm On Feb 18, 2019 |
there is no economic Danger or selling the NNPC ,Many Nigerians don't realise that the NNPC is not a ministry neither is it a regulator , the NNPC is merely an oil company owned by the Nigerian Govt just like PetroBras or Mobil .. Many years of misdirection has made the NNPC to abandon what it was created to do and start erroneously acting like a Regulator and revenue cum royalty collector for the Govt .which is wrong.. The NNPC as is structured now is catalyst for mindboggling corruption that benefits just a few ..Let the Govt remove it's hand and let NNPC go struggle like any other oil company out there 2 Likes |
| Re: Economic Dangers Of Selling The Nnpc As Proposed By Atiku Abubakar by Joevics(m): 7:37pm On Feb 18, 2019 |
jpphilips: The fact that you dont read isn't my problem. I read and I'm well informed. Atiku has a plan - a list of things he would do. If he fails to do them when elected, We will also vote him out. ..................................... Buhari on the other hand has no laid down plan. What are his plans? You can tell me..... |
| Re: Economic Dangers Of Selling The Nnpc As Proposed By Atiku Abubakar by nairalandankrah: 7:42pm On Feb 18, 2019 |
jpphilips: MR Erudite professor of economics i hail thee i'll advice you save that 'your vast knowledge on how the world works' because you will be needing it in DAURA keep hiding behind your android phone to type Nonsense #buharimustgo |
| Re: Economic Dangers Of Selling The Nnpc As Proposed By Atiku Abubakar by nairalandankrah: 7:48pm On Feb 18, 2019 |
989900: sir are you problem free? if no, then are you 100 certain you know the source of your problems? well if you are problem free then big ups to you |
| Re: Economic Dangers Of Selling The Nnpc As Proposed By Atiku Abubakar by Mirrorlenz: 7:54pm On Feb 18, 2019 |
limeta: Atiku said it 2 Likes 1 Share |
| Re: Economic Dangers Of Selling The Nnpc As Proposed By Atiku Abubakar by Mirrorlenz: 7:55pm On Feb 18, 2019 |
limeta: Atiku said it at a town hall meeting in Lagos 2 Likes 1 Share |
| Re: Economic Dangers Of Selling The Nnpc As Proposed By Atiku Abubakar by justtoodark: 8:07pm On Feb 18, 2019 |
fee dee fee is useless.... privatization doesnt work if you dont already have a functioning infrastructure.... thinkin private investors will build everything for you is foolish.... 2 Likes 1 Share |
| Re: Economic Dangers Of Selling The Nnpc As Proposed By Atiku Abubakar by chemgee: 8:23pm On Feb 18, 2019 |
I get your point sincerely, but now let's think: mention any successful and profitable government business in Nigeria, from oil and gas to transport to hospitality to education then we can begin |
| Re: Economic Dangers Of Selling The Nnpc As Proposed By Atiku Abubakar by limeta(f): 11:00pm On Feb 18, 2019 |
| Re: Economic Dangers Of Selling The Nnpc As Proposed By Atiku Abubakar by Mirrorlenz: 10:09am On Feb 19, 2019 |
limeta:There is a trending video of him saying it 2 Likes 1 Share |
| Re: Economic Dangers Of Selling The Nnpc As Proposed By Atiku Abubakar by lionshare: 10:32am On Feb 19, 2019 |
I have one question for the op! Where does second/third world countries without oil get their FX from? |
| Re: Economic Dangers Of Selling The Nnpc As Proposed By Atiku Abubakar by osazeeblue01: 10:37am On Feb 19, 2019 |
jpphilips: APC agent is here. buhari most go |
| Re: Economic Dangers Of Selling The Nnpc As Proposed By Atiku Abubakar by dafuturis(m): 10:50am On Feb 19, 2019 |
jpphilips: permission to copy and post on my facebook wall. will reference you. ?? 2 Likes 1 Share |
| Re: Economic Dangers Of Selling The Nnpc As Proposed By Atiku Abubakar by rusher14: 10:57am On Feb 19, 2019 |
Nobody has been able to counter or refute the OP. jpphillips, you really did it this time. Kudos. 3 Likes |
| Re: Economic Dangers Of Selling The Nnpc As Proposed By Atiku Abubakar by adekolaelect(m): 11:00am On Feb 19, 2019 |
nairalandankrah:In reality you are out of words you are defending undefendable even Atiku will privatize your father's land or properties. you will still support him bcs Politics and hatred for Buhari had make you blind internally . 1 Like 1 Share |
| Re: Economic Dangers Of Selling The Nnpc As Proposed By Atiku Abubakar by nairalandankrah: 11:03am On Feb 19, 2019 |
adekolaelect: i could easily defend GADAFFI than Buhari |
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