HomeNewsYou have vindicated Atiku,...

You have vindicated Atiku, Vatsa tells Buhari


From John Adams, Minna

As Nigerians continue to react over the commercialisation of the Nigerian National Petroleum Corporation (NNPC) by the federal government, making it a limited liability company, a former commissioner and chieftain of the All Progressive Congress in Niger State (APC), Jonathan Vatsa, has said that the government actions have vindicated former Vice President and People’s Democratic Party (PDP) presidential candidate, Alhaji Atiku Abubakar.

Reacting to the official unveiling of the new NNPC Ltd by President Mohammadu Buhari on Tuesday in Abuja, Vatsa pointed out that President Buhari has vindicated Atiku, who in his 2019 campaign told Nigerians that the NNPC needs to be sold out as it was no longer serving its purpose for Nigerians.

Vatsa said that Atiku’s perception at the time about the NNPC was that the national corporation needed to be sold to interested Nigerian(s) to make it effective and reduce government waste.

According to him, Atiku’s submission about the moribund corporation was later used against him, with Nigerians believing that the former vice president was going to sell the corporation to himself, friends or associates.

Related: Buhari unveils NNPC Ltd, assures of value with global best practices 

“Eventually, what Atiku said that was used against him in 2019 has come to pass. What are we seeing today is that the NNPC has been sold out and the government did not tell Nigerians who are the 200 million shareholders in the new Nigerian National Company Limited,” Vatsa stated.

The former Niger APC spokesman argued that the commercialisation of the corporation is not the solution to the oil crisis in the country but rather an outright sale of the NNPC where the government will hands-off completely from its affairs and allow private individuals to manage it; adding that “as it is now, the government has the high shares in the industry and by that, it will still interfere in It affairs and day-to-day running.

“We have seen many limited liability companies in this country where the government has the highest shares and controlled its affairs but eventually folded up. Where is the Daily Times of Nigeria today, where is the New Nigeria Newspaper today, and many more companies like that that government interference killed it?

“Not only the NNPC that needs to be sold out but all the refineries in this country should also be sold out to individuals for efficiency and productivity so that the government can stop spending billions of naira paying salaries of redundant staff and maintaining non-functional refineries in this country.

He pointed out that it is a minus for President Buhari and this administration for its inability to fix any of the four refineries in the country rather, “we decided to settle for an imported refined petroleum product and pay a heavy subsidy which we told Nigerians was a fraud.

“If this is all we can achieve in the oil industry in the last seven years plus now then we owed Nigerians a serious apology. All we are doing is to continue increasing the pimp price of the products because we relied on importation and the dollar is not stable. The more the dollar goes up the more the importers will demand increase,” Vatsa said.

- A word from our sponsors -

spot_img

Most Popular

More from Author

Team Nigeria emerge 3rd overall best – VELOXNEWS

Nigeria on Sunday emerged as the third overall best team...

WAEC to release May/June 2022 WASSCE results to tomorrow  – VELOXNEWS

By Gabriel DikeThe West African Examinations Council (WAEC) will tomorrow...

Police partner NGO to train personnel on drug prevention, treatment – VELOXNEWS

The Nigeria Police has partnered an NGO, the Drug Salvation Foundation...

Jaiz Bank profit increases by 27.6% in six months – VELOXNEWS

Jaiz Bank Plc has announced its unaudited results for the...

- A word from our sponsors -

spot_img

Read Now

Team Nigeria emerge 3rd overall best – VELOXNEWS

Nigeria on Sunday emerged as the third overall best team at the just concluded 19th Union of African Karate Federations (UFAK) Western African Championships in Guogaduoguo, Burkina Faso.The News Agency of Nigeria (NAN) reports that the Karate Federation of Nigeria (KFN) karatekas  participated only in the...

WAEC to release May/June 2022 WASSCE results to tomorrow  – VELOXNEWS

By Gabriel DikeThe West African Examinations Council (WAEC) will tomorrow (Monday) release the results of May/June 2022 West African Senior School Certificate Examination (WASSCE).The school examination was taken by 1, 607, 985 school candidates in 20,221 schools nationwide and in three countries.WAEC acting Head of Public...

Police partner NGO to train personnel on drug prevention, treatment – VELOXNEWS

The Nigeria Police has partnered an NGO, the Drug Salvation Foundation (DSF) to train 30 of its officers on Drug Prevention, Treatment, and Care (DPTC).A statement by the Force Public Relations Officer, CSP Olumuyiwa Adejobi on Sunday in Abuja,  said that participants at the training were drawn from different Departments,...

Jaiz Bank profit increases by 27.6% in six months – VELOXNEWS

Jaiz Bank Plc has announced its unaudited results for the six months ended June 30, 2022 with a Profit After Tax (PAT) of N2.54 billion.The company said this in a statement on Sunday in Lagos.The PAT represented an increase of 27.6 per cent when compared with...

NIRSAL Microfinance Bank unveils new facility for MSMEs – VELOXNEWS

From Uche Usim, AbujaIn an effort to boost the productivity of Micro Small and Medium Enterprises (MSMEs), NIRSAL Microfinance Bank (NMFB) has unveiled a loan facility for players in this space.The initiative, aside from ensuring affordable credit facilities to MSMEs, seeks to assist salary earners cater...

NIDCOM debunks Aminu claim over non-engagement   – VELOXNEWS

From Juliana Taiwo-Obalonye, AbujaManagement of Nigerians in Diaspora Commission (NIDCOM), has debunked claims by  former Mayor of London Borough of Lambeth, Adedamola  Aminu, in an interview with The Sun that the Commission has not been forthcoming despite attempt to  engage with it.According to a statement by Head...

Nigeria promotion of media freedom, others, attracting int’l attention

From Juliana Taiwo-Obalonye, AbujaPresident Muhammadu Buhari noted that Nigeria is attracting positive international attention as a country that promotes media freedom and freedom of expression, recognizing the critical roles that information literacy and media education play in sustainable development.This is even as he has pledged full...

Obi supporters vow to neutralise saboteurs, win State, National Assembly seats for LP – VELOXNEWS

From Tony Osauzo, BeninHundreds of supporters and support groups of the Labour Party (LP) and its presidential candidate, Peter Obi, yesterday at a town hall meeting in Benin City, Edo State, expressed their determination to win seats into the state House of Assembly, House of Representatives...

Jaiz Bank posts N2.54bn Q2 profit – VELOXNEWS

From Uche Usim, AbujaDespite ferocious headwinds, Jaiz Bank Plc, in its unaudited financial results for the second quarter ended 30 June 2022, shows a 27.6% increase in Profit After Tax (PAT) from N1.99 billion declared in June 2021 to N2.54 billion at the end of June...

Terrorists relocate to Katsina metropolis, kill four, abduct others – VELOXNEWS

From Agaju Madugba, KatsinaDaredevil terrorists may have found Katsina metropolis new harvest ground for their operations with the latest killing on Sunday morning of two members of a local vigilance group behind the Umaru Musa Yar’adua University Teaching Hospital (Federal Medical Centre) in the heart of...

Plateau 2023: I won’t relinquish LP governorship ticket

From Gyang Bere, JosThe Gubernatorial Candidate of the Labour Party in Plateau State, Amb. Yohanna Margif said he will not relinquish the governorship ticket of the party.He noted that some politicians had approached him to relinquish the ticket for them but said he was in the...

Kano govt lauds Pillars FC performance in Aiteo Federation Cup – VELOXNEWS

Kano State Government has commended Kano Pillars Football Club for reaching the quarter finals of the ongoing Aiteo Federation Cup.The state’s Acting Governor, Nasiru Yusuf-Gawuna, made the commendation in a statement issued by his Chief Press Secretary, Hassan Musa-Fagge, on Sunday in Kano.He said that the...