El-Rufai, Sanusi’s Positions On NNPC In Order – Group

The Nigerian Forum for Good Governance (NFGG) has thrown its weight behind the positions of the 14th Emir of Kano,Alh. Sanusi Lamido Sanusi and Governor of Kaduna State, Mal. Nasir El-Rufai on scrapping of the NNPC following its abysmal performance over the years.

According to the group, the National oil company has become more of a burden than an asset for economic growth and development.

In a statement jointly signed by the Coordinator and Secretary of the Nigerian Forum for Good Governance; Comrade Mukhtar Ahmed Funtua and Comrade Reuben Joseph Kajang, respectively, the group said, selling of NNPC is the best option to cut off government’s dependence on oil and develop other sectors of the economy.

The group also in the statement titled: “NNPC is A Burden that Must Be Scrapped and Sold Entirely”, said that as concerned Nigerians with focus on good governance across all tiers of government and sectors of the economy, it totally agreed with Sanusi on the position that the national oil has become a ”money pit rather than a cash cow”, considering the fact that the four refineries that were more or less comatose could not meet up the purpose for which they were established .

“We equally concur with Governor of Kaduna State, Mal Nasir El-Rufai on his submission that Nigerian National Petroleum Company Limited (NNPCL) has become a burden and big problem to Nigeria,” it added.

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It expressed resolve to mobilise Civil Society Organizations across Nigeria to join the conversation to “Kill NNPC because it is no longer a profit making business for the government and has outstayed relevance as a public company.

“We are fully prepared to support all Nigerians who have raised their voices to either unbundle, sell or privatize the NNPC.

“We are saddened that besides massive stealing of our crude oil, NNPC has not been able to make profit. It is laughable that as one of the major producers of crude in the world, we have continued to import refined fuel while we export crude oil. It is also shameful that for over 40 years, it was unable to declare a Profit after Tax, until recently when it announced a concocted sum of 674 billion for the 2021 financial year.

“We make bold to say that NNPC under the President Muhammad Buhari-led administration is a leaking basket for its inability to fix any of the four refineries that is apparently the only unproductive organisation, yet maintains full complimentary workforce on its payroll.

“This for us, is adjudged foolhardy and detrimental to the economy. Worst still, It is one of the very few public companies discovered that has refused to be accountable to even the government that set it up.”

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