Atiku Abubakar

Africa Oil & Gas: Privatise Nigeria’s oil industry? Easier said than done

Posted on January 22, 2019January 22, 2019 by Mozambique Resources Post

A leading contender in Nigeria’s presidential election next month has pledged to privatise the country’s oil industry, but that’s a promise that might prove hard to keep, some observers say quoted by AFP. Atiku Abubakar, the main opposition party contender, has vowed to break up the Nigerian National Petroleum Company (NNPC), which he called a “mafia organisation”. The NNPC and other state-run organisations have been widely criticised as becoming slush funds for successive governments, particularly…

Africa Oil & Gas: Presidential Hopeful Says Niger Delta Could Keep ‘All Oil Revenues’

Posted on November 17, 2018 by Mozambique Resources Post

A presidential candidate from the People’s Democratic Party has said the Niger Delta communities could keep all of the revenues the oil-rich province produces. In an interview with the Africa Report, former Vice President Atiku Abubakar suggested a sharing scheme might still be better for everyone.

Africa Oil & Gas: Nigeria Opposition Leader Promises Partial Oil Firm Privatization

Posted on May 15, 2018May 15, 2018 by Mozambique Resources Post

A former ally of Nigeria’s President Muhammadu Buhari has pledged to privatize parts of the country’s national oil company if he wins the presidential vote next February. Atiku Abubakar told Reuters a floating naira will serve to attract greater foreign investment in Africa’s biggest crude oil producer.