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Home » Blog » FG should have no stake in oil, gas sector, full privatisation is key – El Rufai
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FG should have no stake in oil, gas sector, full privatisation is key – El Rufai

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Last updated: October 13, 2022 2:10 pm
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By Adeleye Kunle

Despite President Muhammadu Buhari recently scoring his administration high on development indices ranging from security, energy and infrastructures recently, the Kaduna State Governor Nasir El-Rufai has blamed the lapses still bedevilling the oil and gas sector on the Federal Government.

El Rufai claimed the lessons drawn from the telecommunications sector have shown that total or full deregulation of the oil and gas sector was the only way out of the problems the sector is frost with.

The governor who appeared on Thursday aired his opinion on the occasion of the seventh edition of KadInvest.

The former Minister of the Federal Capital Territory said nothing significant has changed with the commercialisation of the Nigerian National Petroleum Company in July 2022, insisting that NNPC constitutes Nigeria’s biggest problem and should be privatised.

He argued that though the Group Chief Executive Officer of NNPC Limited, Mele Kyari may be trying to make an impact, the company has failed and has no business being in the sector.

He went down memory lane, citing an example of the Nigerian Telecommunications Limited which he said was at its lowest ebb until the private sector came in and revolutionized the telecoms business

TAGGED:FG should have no stake in oilfull privatisation is key – El Rufaigas sector
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