Bismarck Rewane, the chief executive of Financial Derivative, says Atiku Abubakar, the presidential candidate of the Peoples Democratic Party (PDP), must tell Nigerians, who he is planning to sell the Nigerian National Petroleum Corporation (NNPC) to.

The Atiku policy document, released on Monday, highlights that the presidential candidate is seeking partial privatisation of the NNPC, regarded as Nigeria’s cash cow.

Reacting to the specific idea of privatising the NNPC, Rewane said the idea is a noble one, but Atiku must tell Nigerians who he plans to sell to, else he may plunge the country into chronic capitalism.

“I agree that he (Atiku) should privatise, but selling to who?” Rewane said in his response to a question by Channels TV business editor, Boason Omofaye.

“You must not just say you are going to sell, you must tell us how, and to who?

“If you are going to have a voucher system like they have in India, where everybody in the public will have a voucher, then you can sell it.

“It becomes rather than government owned, it becomes Nigerian privately-owned, and part of it you want to internationalise like what Saudi Arabia is doing.

“But you see, it is a noble idea, but it stops short of the specifics, tell us who and who, and how you are going to ensure that it is not sold to your own cronies.

“One of the big risks of privatisation is the Russian model, where you have chronic capitalism. If you have businessmen, who are in government like Donald Trump, you want to make sure that both the government and the people are protected from conflicts of interest.”

ON THE NEXT LEVEL

Rewane said he likes the fact that the Buhari administration wants to take Nigeria to the next level, and that policy documents are out more than 100 days before elections.

The Associate of the Institute of Bankers, England and Wales, also said he likes what the president is saying about his plans, but the presidential candidates need to debate.

He said the biggest problem he sees in the next level document is that it has not come out to say ‘we would sell those refineries’, remove subsidies, so we have a free market economy.

He added that there is nothing wrong with having a billionaire or a poor man in the office of the president, that what Nigeria needs is a leader with a vision, leaders who can deal with structural rigidity.

He said neither the Atiku nor the Muhammadu Buhari programme speaks on how to increase Nigeria’s labour productivity, considering the population growth.

The financial analyst, with over 40 years experience, said Buhari, Atiku have shown us “the what” they will do, but not “the how” they would do it.

He said both teams must deal with labour productivity, inflation, current recessionary gap, unemployment, and Nigeria’s excruciating debt service burden.


https://www.thecable.ng/rewane-atiku-must-tell-us-who-hes-planning-to-sell-nnpc-to

... but the presidential candidates need to debate.


Buhari will be like

Very dumb question. We all know that asset sales and and privatisation goes through rounds of bidding. We saw this in the early 2000s with the telecommunications industry.

The North is jittery that NNPC, the goose that lays their golden egg is about to be set free.

They have sat on the Niger Delta fossil using NNPC as a cover to milk the entire country for over 50 years.

In Law, there is a saying that you cannot be a judge in your own case. Government should be a regulator and allow the private sector to do business...

Ask yourself this question, since the FG has been running NNPC, why has it been difficult to get just one refinery working?

Nah, they prefer to export crude oil and import refined products... For their gains.

Only corrupt individuals benefiting from corruption in the oil sector will kick against the sales of that liability called NNPC

Noted

The strange looking Bismarck knows Privatization is the only way to go in the present day Nigeria, but he just wants to stir up emotions of Zombies by asking silly questions.

The Nigerian state have shown itself to be incapable of managing its assets, so why not privitize the likes of NNPC, The National Theatre, Abuja National Stadium and so much more.

“He added that there is nothing wrong with having a billionaire or a poor man in the office of the president, that what Nigeria needs is a leader with a vision, leaders who can deal with structural rigidity”



Buhary with fish brain has nothing to offer Nigerians than death, Fulani terrorism, Economic hardships and suicide.

Bismark made a huge indictment on Mr olx.

It is always know that capitalists can never separate government from their personal business, this is what Trump is currently doing and racking up indictment left right center.

Until we have the Dubai model where every citizen first have a shareholder stake ONLY then can it be privatised.

How atiku can sell Nigeria biggest assets in 6months shows he has a buyer already and he isn't even ready to wait to perpetrate a bidding scam first, his hands, mouth, mind is itching to loot and he can't curtail himself in the slightest pretence

Atiku can as well stop his dubious idea of presidency because he can't even hide his corrupt tendency

Of all the things Atiku has said to campaign, this is what he will forever regret saying.

Nigerians should expect more of Atiku's evil intention in the coming days. God is the one doing us a favor

Ne×t Le√el

coolcharm:
Very dumb reasoning

That is how Atiku will continue to deceive you. The most important questions are the ones the man just asked? How does Atiku want to sell the NNPC and who does he want to sell it to? Is NNPC going to be sold to Atikulooting cronies just like NEPA was sold to GEJ cronies? Is Atiku going to sell NNPC ,the way he sold Nitel and rendered thousand of Nigerians jobless just like how he did with Obj few years ago.
Say no to Atikulooting.

Afamed:

That is how Atiku will continue to deceive you. The most important questions are the ones the man just asked? How does Atiku want to sell the NNPC and who does he want to sell it to? Is NNPC going to be sold to Atikulooting cronies just like NEPA was sold to GEJ cronies?
Say no to Atikulooting.

You should be worried that Buhari and his goons have brainwashed you and all other zombies with some integrity jargons.

Buhari is a mistake Nigerians are very well eager to correct.

some people mumu sha o

opposition is not mumuism abeg

Govt has no business doing business

He wants to sell it to your papa. Bloody bastard

coolcharm:

You should be worried that Buhari and his goons have brainwashed you and all other zombies with some integrity jargons.

Buhari is a mistake Nigerians are very well eager to correct.

Address the issues at hand and stop your usual bla bla bla. Typical of Atikulooting zombie, when you confront them with facts and figures, they result to insult. Simple question, Who does Atiku want to sell the NNPC to?

midolian:
Of all the things Atiku has said to campaign, this is what he will forever regret saying.

...

So you know better than the Professor of Economics who agreed to the idea?


The question from Bismarck is: How do Atiku intend to do that? Is it through the “chronic capitalism” like we have in Russia & Nigeria where the likes of Bola Tinubu owned Power distribution plants? Or “It becomes rather than government owned, it becomes Nigerian privately-owned, and part of it you want to internationalise like what Saudi Arabia is doing”?

Simple and logical question.


Think!

Atiku the seller......... and........... buyer!

If you know.... you know

Magalan:
He would list it in the stock exchange with 50% decision making policy by FG

Just as he listed Nitel and Nigeria Airways on the stock exchange few yrs ago?

^^^^ some Nigerians brain don lost in transit of blind politics.

Lol
Is this the end of road for atiku
The incumbent will stop at nothing not to sell this propaganda to the populace.
I don't know the intention of atiku when he said this,but it is very heavy.
Very heavy to say
NNPC is one if not the biggest revenue collection/generation to the country our major source of income.

Why not ask him d questions in d Presidential debate? Why must he tell U who he wants to sell it to but Ur President doesn't tell U Jackshit about anything happening in d NNPC

Firefire:



So you know better than the Professor of Economics who agreed to the ideal ?


The question from Bismarck is: How do to intend to do that? Is it through the “chronic capitalism” like we have in Russia & Nigeria where the likes of Bola Tinubu owned Power distribution plants? Or “It becomes rather than government owned, it becomes Nigerian privately-owned, and part of it you want to internationalise like what Saudi Arabia is doing”?

Simple and logical question.


Think!

Definitely to his cronies. Atiku and PDP have the records of auctioning our National edifice to the their cronies and by proxy to themselves. NEPA is a case study. Nitel Atiku auctioned few yrs ago was another case study. He plans to render thousand of Nigerians jobless again just like he did with Nitel and Nigeria Airways few years ago

Afamed:

Address the issues at hand and stop your usual bla bla bla. Typical of Atikulooting zombie, when you confront them with facts and figures, they result to insult. Simple question, Who does Atiku want to sell the NNPC to?

Look at you, you were the first to go bla bla bla.

Now, I'll tell you this, sales of Government assets is not the function of the president alone. There is a process, and it has to go through proper legislation.

On that note, it is plain stupid for anyone to ask Atiku who he intends to sell NNPC to.

You might not understand this, but that's fine. I'll excuse you.

Afamed:

Just as he listed Nitel and Nigeria Airways on the stock exchange few yrs ago?

-Nitel was outrightly sold.... and you could list over 20 telecoms coys created after its sales.

-Nigerian airways was a conduit pipe for corruption.. are you aware one of the chief lootee of Nigeria Airways is serving an appointment in this admin?

midolian:
Of all the things Atiku has said to campaign, this is what he will forever regret saying.

Nigerians should expect more of Atiku's evil intention in the coming days. God is the one doing us a favor

Rubbish... You said the same thing on NITEL
Look at the telecomms sector today..
Here you are typing poo on a platform made possible by PDP foresight ...

Privatisation is the way to go...
It will go through series of biddings by prospective buyers ... It will be a transparent process...

The time for real change is now...
Not some mofo who doubles as President and a petroleum minister with nothing to show... Just constant borrowing...

Atiku will sell NNPC and NLNG to himself. That is the only reason why he's contesting to be president.

coolcharm:


Look at you, you were the first to go bla bla bla.

Now, I'll tell you this, sales of Government assets is not the function of the president alone. There is a process, and it has to go through proper legislation.

On that note, it is plain stupid for anyone to ask Atiku who he intends to sell NNPC to.

You might not understand this, but that's fine. I'll excuse you.

Your education is totally a waste of resources and time. Answer the question.

Who does Atiku want to sell NNPC to?

Afamed:

Your education is totally a waste of resources and time. Answer the question.

Who does Atiku want to sell NNPC to?

You should be more worried about your own conception as a waste of Sperm and Ovaries.

I knew you would never be sound enough.

coolcharm:
Very dumb question. We all know that asset sales and and privatisation goes through rounds of bidding. We saw in the early 2000s with the telecommunications industry.

They North is jittery that NNPC, the goose that lays their golden egg is about to be set free.

They have sat on the Niger Delta fossil using NNPC as a cover to milk the entire country for over 50 years.

In Law, there is a saying that you cannot be a judge in your own case. Government should be a regulator and allow the private sector to do business...

Ask yourself this question, since the FG has been running NNPC, why has it been difficult to get just one refinery working?

Nah, they prefer to export crude oil and import refined products... For their gains.

Only corrupt individuals benefiting from corruption in the oil sector will kick against the sales of that liability called NNPC

which one of the previous scam didn't go through bidding?

Who are the people organizing the bidding (angel Micheal)?

If they must sell, we must first have a model where every Nigeria is duly registered as a stakeholder (this didn't take Saudi Arabian a few years despite their sosphistation but atiku is so much in a hurry to sell the only government agency to himself in less than a year)

Afamed:

Definitely to his cronies. Atiku and PDP have the records of auctioning our National edifice to the their cronies and by proxy to themselves. NEPA is a case study. Nitel Atiku auctioned few yrs ago was another case study. He plans to render thousand of Nigerians jobless again just like he did with Nitel and Nigeria Airways few years ago

Go read what the professor said and read what you posted and tell me the correlation?

ZombiePUNISHER:


Rubbish... You said the same thing on NITEL
Look at the telecomms sector today..
Here you are typing poo on a platform made possible by PDP foresight ...

Privatisation is the way to go...
It will go through series of biddings by prospective buyers ... It will be a transparent process...

The time for real change is now...
Not some mofo who doubles as President and a petroleum minister with nothing to show... Just constant borrowing...

Privatisation is the way to go but not when it's done by Atiku and PDP. They have the history of short changing Nigerians. The NEPA that was privatised by GEJ. What's the result today? The Nitel that was sold by Atiku, what's the result today. Atiku and PDP have the history of rubbing Nigerians.

Unbundling of NNPC is the best way to go, particularly the downstream sector, it is expected to birth more jobs, more fuel at affordable price and availability, as well as close up leaking NNPC purse if properly and judiciously done.

Maxymilliano:
Unbundling of NNPC is the best way to go, particularly the downstream sector, it is expected to birth more jobs, more fuel at affordable price and availability, as well as close up leaking NNPC purse if properly and judiciously done.

You are objective. You are a patriot.