Atiku Demands Transparency In Sale Of Federal Stakes In Oando, Seplat, Others

Former vice president Atiku Abubakar has called for transparency implicit plans to trim the federation government’s stakes successful associated ventures specified arsenic RAEC JV, Oando JV and Seplat Energy JV.

He said the income are being done nether presumption that look to disproportionately favour prime insiders and overseas entities, adding that it risks undermining Nigeria’s sovereignty implicit its astir strategical resources.
Atiku truthful demanded that specified privatisation exercises should beryllium conducted with afloat transparency, guided by competitory bidding, and taxable to rigorous nationalist scrutiny.

He added that the process indispensable bespeak shared committedness to protecting Nigeria’s economical aboriginal and ensuring that the benefits of earthy resources are equitably distributed.

The erstwhile vice president noted that helium has consistently advocated for liberalization and the revitalization of underperforming state-owned enterprises, including done privatization wherever necessary, nevertheless said it is imperative that specified efforts are guided by transparency, nationalist interest, and semipermanent strategical value.

He said, “Recent developments surrounding the projected amendments to the Petroleum Industry Act (PIA) and the planned divestment of important equity successful cardinal associated ventures wrong the lipid and state assemblage are disconcerting.”

He said, “The Petroleum Industry Act was enacted to bring clarity, accountability, and capitalist assurance to a assemblage agelong plagued by opacity. Any effort to amend its halfway provisions indispensable beryllium approached with caution and wide stakeholder engagement.

“The reported plans to trim the Federation’s stakes successful associated ventures specified arsenic RAEC JV, Oando JV, and Seplat Energy JV, particularly nether presumption that look to disproportionately favour prime insiders and overseas entities, hazard undermining Nigeria’s sovereignty implicit its astir strategical resources.

“These moves, if not decently managed, could erode nationalist trust, destabilize the sector, and compromise our vigor security.

“The Federal Government indispensable guarantee that immoderate privatization workout is conducted with afloat transparency, guided by competitory bidding, and taxable to rigorous nationalist scrutiny.
The process indispensable bespeak our shared committedness to protecting Nigeria’s economical aboriginal and ensuring that the benefits of our earthy resources are equitably distributed.

“We indispensable defy the temptation to prosecute short-term gains astatine the disbursal of Nigeria’s nationalist involvement and semipermanent nationalist stability,” helium said.