This shows Atiku understands Nigeria's problem more than many people do.People only steal government's money because they see it as belonging to nobody and even if you fight corruption for 100 years you can never end it because a black man is still a black man.When you privatise those institutions nobody will see any money to steal or can you steal from MTN,GTB and other privately owned companies and go scot free?Government's duty is regulation through tax and law enforcement and creating enabling environment for businesses to grow in form of free enterprise just like it happens in America

LordAdam16:


That was a task delegated to him by OBJ. Same way GEJ delegated the task of privatizing PHCN to Sambo. Both were figureheads.

-Lord

If you claim he was a figure head and it was a task given to him and we know what happened afterwards.
What do you think will occur when he becomes the head ?

I'm beginning to understand now why OBJ was not in good terms with him for so long and why he wrote in his book that Atiku's background has lots of secrecy.

tuniski:

Personal income tax are net of all taxable income That must have been taxed under company income purview to avoid. Incidence of Double Taxation.

The company must have Paid billions in CIT over the same period.

Which company paid billions,he paid federal taxes and state taxes also and claimed he paid 20 million per year for 3 years?how much did his companies really make?rubbish talk the companies pays it’s own taxes and you as an individual pays yours based on your earnings from shares or equity,

This is the kind of rubbish financial games he tried in the States that made him sell his house in Potomac Maryland and fled the US,thief,smuggler & tax evader.

abnot:


Some companies are in a bad shape and may not do well after an acquisition. A good number of the privatised companies are doing well. How does the present state of NNPC profit you as an individual ? The present southern sun hotel use to be a government owned hotel but was privatised and is in a much better state. Oando and forte oil were also privatised government owned enterprises. NNPC of today is not working and not profitable . A working NNPC should be able to compete with aramco, Agip , Total , BP and many more . It’s up to you if you like things the way they are but I can assure you that Nigeria is lagging behind in so many areas and the earlier we do away with strategies that are not working the better . Nigeria is too complex as a country with enormous challenges far beyond the mental capabilities of Buhari and I’d wish that the best candidate wins irrespective of the candidate’s party

Believe me, if they will do this honestly, am 100% in support of the sell & also removal of subsidy plus even selling of those obsolete refinery to people that can refurbish it & make it work

ComeAndobo:
Atiku please stop justifying that stupid statement that you want to sell NNPC. Selling NNPC is synonymous to selling Nigeria.

na him go still buy am

blacknp:
Which company paid billions,he paid federal taxes and state taxes also and claimed he paid 20 million per year for 3 years?how much did his companies really make?rubbish talk the companies pays it’s own taxes and you as an individual pays yours based on your earnings from shares or equity,

This is the kind of rubbish financial games he tried in the States that made him sell his house in Potomac Maryland and fled the US,thief,smuggler & tax evader.

You sure ain't conversant with taxation.

rinzaugustine:
This shows Atiku understands Nigeria's problem more than many people do.People only steal government's money because they see it as belonging to nobody and even if you fight corruption for 100 years you can never end it because a black man is still a black man.When you privatise those institutions nobody will see any money to steal or can you steal from MTN,GTB and other privately owned companies and go scot free?Government's duty is regulation through tax and law enforcement and creating enabling environment for businesses to grow in form of free enterprise just like it happens in America

What happened to the ones he privatized under Obj?

Tax reduction on its own will not attract investment and put money in the pocket of the typical Nigerian. What is needed is increased megawatts, revenue generation via taxes and ease of doing business minus corruption. Nigeria has the market! Unfortunately for Atiku he can’t do anything about corruption.

bixton:


Interesting indeed.
Please how did you measure the positive growth of the companies already privatized to get that conclusion?
Just because a man has pot belly, drives a rolls royce, lives in a 4 storey building means all is okay about him.

For the NSE listed ones their financial statements are available for all to see . No doubt some failed but NNPC is a loss making enterprise and I’m sure you know that state enterprises are hardly profitable in the Nigerian realm. I’m still not sure why NNPC was established but if it was setup as a national oil company as was done in Netherlands , Italy , France , Saudi Arabia ... then it has failed . The government of these countries have for long reduced their interests in their national oil companies . In addition I’ve held informal discussions with two ex CEO ‘s of NNPC independently years apart and they both told me NNPC is not working and filled with multiple issues along with every government ( since the military era ) interfering with its operations .

I really want Nigeria to work but it appears most Nigerians share uncommon visions and desires

tuniski:

You sure ain't conversant with taxation.

Na true Mr PWC or na JP Morgan?You still dey Nigeria I hear say your people Heng Seng Banking Company and citi bank done leave?

AnanseK:

Buhari remains Exceptional, God bless him;

u r a fool... So u can lie like dis... No problem vote buhari but I assure as many that vote buhari d violence n killings that come with his government will reach ur immediate family... Children, parents .. Mark my words

If you guys know how much is being embezzled through NNPC on a monthly basis by cabals, every sensible Nigerian would support that it should be privatised.

rottennaija:


To generate 200000mw of electricity, you will need good power generation stations in Nigeria, the size of mambilla Hydro power, which is about 3000mw, the largest dam in Nigeria so far. And you will need about 5 of them.

To construct each dam takes like 6years, that is if they are constructed simultaneously. Of course, the funds needs to be there.

This is 2019. Anyone who promises 200000mw of electricity by 2025 is not being honest.

20000mw by 2025 is possible! their are still 2 NIPP projects waiting for their turbines to be installed.Alaoji,afam,omatosho and most of our gas power plants-even the kanji-mostly operate at half their installed capacity.other projects like the aba ipp,oma power etc is being delayed (indefinetly) because of a lack of finance in the local economy (few if any Nigerian bank can actually fund such a project) and a lack of trust by multinationals like GE in the sector.Technology has progressed to such a level that, offshore wind farms and solar farms can be easily employed in few years.
The problem in Nigeria's power sector,is that its privatisation has been left redundant.The big hitters like shell,GE etc should be left to not only control the power plants,but to also build infrastructure for distributing generated power-making away with the fed controlled transcos and discos.Selling majority of the NNPC to say shell,total etc would actually help our economy .It would result in its being as effective as NLNG (only God knows what it would have been like if it was fed controlled).
For a government that touted "change" as their motto,they are doing nothing to change things in some important sectors.

henchamb:
What's the proposal for job creation
Restructuring is nowhere to be found after prof burst the empty restructuring mantra.
I think we need buhari to continue. The entrepreneural drive of this administration is worth it.
Most guys now have corporate accounts as a result of cheap and easy CAC registration. Easier to access loans and consular services (if you know)
Kudos to pmb, his investment in security worked hence it's not in Atiku's agenda.

After Nigeria tackle NNPC then move to NEPA, Police, Railways, Economy etc gradual restructuring is taken place. NNPC is puppet for government officials. Most oil countries are not run the way NNPC is. Private organization side by side with government as overall supervisor and collector will help our institutions. From the location i am typing now this is how the country operate. Even the railway here, Government share then open the business for shareholders/investing company/public to come in as a partner and after the business come to operation the government lease the day to day running of such business to 3rd party-a management firm while the government take home large revenue at the end of the day. If a particular firm is not leaving up to expectation government and shareholders will bring in another management company.This is how they run thing here even the Airports. In Nigeria we sell things to politicians and they end up messing the entire system. So partial bringing outsiders not politicians will reduce the secret of most of government Institutions. Running a country is a business.

LordAdam16:


Don't talk about the Chinese model. China does not have the bureaucratic, financial, and efficiency constraints we have.

Electricity generation is no longer a government-only affair. PDP governments saw the waste and inefficiency of using government money for projects and decided to liberalize the sector. His promise is not empty as it relies on private-sector led investment.

-Lord

Still my point. Atiku cannot be trusted(and in actual sense cannot) to effect these things you put in "simple terms". He's a corrupt capitalist, political prostitute and an opportunist. Nigerians have had years of empty paper promises from these same set of old, corrupt and senile politicians. Afterall, Atiku has been a member of the same cabal that have put us where we are today.

Jiang:


Believe me, if they will do this honestly, am 100% in support of the sell & also removal of subsidy plus even selling of those obsolete refinery to people that can refurbish it & make it work

Yea then I’d process needs to be well structured and transparent . Which is why I continue to see Jonathan as an unpatriotic Nigerian for selling the power plants and discos to political associates who have little or no technical know how .

mccoyelectric:
u r a fool... So u can lie like dis... No problem vote buhari but I assure as many that vote buhari d violence n killings that come with his government will reach ur immediate family... Children, parents .. Mark my words

amen including all buhari supporters

henchamb:
What's the proposal for job creation
Restructuring is nowhere to be found after prof burst the empty restructuring mantra.
I think we need buhari to continue. The entrepreneural drive of this administration is worth it.
Most guys now have corporate accounts as a result of cheap and easy CAC registration. Easier to access loans and consular services (if you know)
Kudos to pmb, his investment in security worked hence it's not in Atiku's agenda.

What is the terrorist plan.

blacknp:
What happened to the ones he privatized under Obj?

El Rufai was the head of the Bureau for Public Enterprise but his input and Atiku's never really mattered because a vice or deputy is a mere figure head in nigerian democracy

richidinho:
Atiku came prepared, i support him 100%

Then be prepared to lose 100%

Eammy:
If you guys know how much is being embezzled through NNPC on a monthly basis by cabals, every sensible Nigerian would support that it should be privatised.

I guess the people you elected to the National Assembly no get sense?show me your leaders and I will tell you who you are,country of the blind.

ComeAndobo:
Atiku please stop justifying that stupid statement that you want to sell NNPC. Selling NNPC is synonymous to selling Nigeria.

But lets face the fact the refineries are useless Na.4 refineries and we import fuel steady.I support Atiku to sell off.

Igbokid:
This clueless thief wanted to kill Buhari with noise because of his plans to sell some national assets to fund the 2019 budget.
Now, the looter wants to sell NNPC to himself like he did when he was the vice President.

Posterity will never be kind to sane and patriotic Nigerians if they allow Ali baba Atiku and his band of looters near the seat of power again.

No serious nation would allow a world renowned thief like Atiku who was used by an ivy league school as a case study for international corruption to be a councillor let alone her president.

I spit on Atiku's ascitic abdomen

Mumu the refineries are not viable.

donbachi:
A man with this vision if given the opportunity...and implements just 10per cent of it..will make nigeria 10per cent a better nation.considering what she is today....FYI:i'm not his supporter.

To be frank...you didn't say anything.

Which vision? Raising GDP to $900b by cutting taxes while relinquishing 100% oil revenue to governors of producing states with unarguable notoriety for recklessness, mediocrity and gross misgovernance.

Mtchewww.

Mumu. He sells your asset to his friends and cronies

richidinho:
Atiku came prepared, i support him 100%

Kudos to you, you are in the know while most of the kiddies here are making noise that Atiku wants to sell it to himself.

I have been involved in O&G and NNPC is a massive drainpipe on our resources. They are a highly wasteful organisation that busy themselves with mainly irrelevant things and things that bring individuals chop money. No innovation there in over 30yrs. They should break it into 4 or more parts and auction it off to the highest bidders

They forget that if OBJ did not sell the GSM spectrums they wouldn't have had mobile phone to be typing crap with.

What is amazing is that most of them are Yorubas and they pass Tinubus house on Bourdillon and hail him as their saviour whereas he converted that mansion from lagos state property to his own without paying anything.

Zombieism is a viral disease.

anthony86:
Please for the sake of God just sell NNPC. For years NNPC cannot refine a quart Nigeria Crude all they do is collect their JV Share from international oil companies who drill nigerian crude. They have confined themselves to sole importers of refined petroleum products a Job common Ifeanyi UBA can handle. NNPC have been reduce to political patronage

eduj:

20000mw by 2025 is possible! their are still 2 NIPP projects waiting for their turbines to be installed.Alaoji,afam,omatosho most of our gas power plants and even the kanji mostly operate at half their installed capacity.other projects like the aba ipp,oma power etc where shot down because of lack of finance.Technology has progressed to such a level that, offshore wind farms and solar farms can be easily employed in few years.
The power problem in Nigeria power sector,is that its privatisation has been left redundant.The big hitters like shell,GE etc should be left to not only control the power plants,but to also build infrastructure for distributing generated power-making away with the fed transcos and discos.Selling majority of the NNPC to say shell,total etc would actually help our economy .It would result in its being as effective as NLNG (only God knows what it would have been like if it was fed controlled).
For a government that touted "change" as their motto,they are doing nothing to change things in some important sectors.

No electricity for you people in Nigeria until you are ready to pay international market prices,same goes for refined petroleum products,General electric should come and invest $16 billion in Nigeria so you will be paying 7000 Naira a month (20 dollars)? keep dreaming dreamer if you live to learn you will be lucky one day. Pdp was there for a 16 years? All your complaints have been lingering since 1978.

tinsel:
Wait a minute. Because i dont understand. This same Atiku and pdp were on Buhari the other time for planning to sale some corporations.

Shut up the reverse was the case wen GEJ wanted to sell off

gbagyiza:


Don't give yourself headache, Nigerians r they worst kind of people I have seen so far. We r sentimental. We vote base on religion, tribal n ethnicity. So, forget about this country.

true, but don't we owe it to future generations to try. We are the most clannish, tribalistic, religious intolerant, nepotistic set of people but we still are Nigerians, we owe a duty to those who fought and believed in us, in our ancestors and our heroes past to fight for a better Nigeria, a Nigeria they dreamt but we have not seen. We owe it to generations yet unborn to strive for a better Nigeria and the first step is to make sure we vote a new person in a person who has not been tainted by the sewage that is the present corridor of power

Igbokid:

Osu..get a life

He said the truth....calling him Osu did not change that fact...Get a life

PDP thieves would not stop to amaze me, I thought they claimed they had repented ,so it was all pretence -my point: During their reign, they sold off NEPA thinking electricity would be better but here we are still battling with mere 7000 megawatts where South Africa and some other African countries have above 40000megawatts...
Now, they are planning to sell our only means of survival (NNPC) to their cronies so as to improverish us more
What happened to the reform they did to our jobs? They turned every worker to contract
Now, they are coming back again to sell NNPC...May God help us

Nice plan. But is just not only talking talking talking but doing doing what said when seeking for that presidental post....... May help us because many things have gone wrong with our country Nigeria....many promises from politicians but they will forget all there promise when they get what they wanted .....all these politicians are just fucking and dumping naija as if naija is a woman.... Only God is what will need I this Naija to deliver us from politicial rulers