• Home
  • News
    • National News
    • State News
  • Business
  • Features
    • Insight
    • Opinion
  • FAAC
  • Financial
    • Facts & Figures
    • Monetary
    • Tax Matters
  • Sidelines
  • Profile
  • Special Focus
Sign in
Welcome!Log into your account
Forgot your password?
Password recovery
Recover your password
Search
Thursday, June 8, 2023
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
Economic Confidential
  • Home
  • News
    • AllNational NewsState News

      Imam Shuaib Agaka’s Maiden Islamic Quiz Competition Ends, Winners Get Prizes

      President Bola Ahmed Tinubu and wife, Oluremu Tinubu

      48 Hours After Assuming Office, Tinubu Yet to Make Official Appointments

      Founder of FCMB, Late Chief Olasubomi Balogun

      FCMB Founder, Subomi Balogun, is Dead

      VP Elect, Kashim Shettima Inspecting a School in 2017

      VP-Elect Shettima Inspecting School Project, Not Meeting with Bandits in Video,…

  • Business
    • DG SEC, Dr. Lamido Yuguda

      Commodities Export Will Grow Nigeria’s Economy – SEC

      Central Bank of Nigeria, CBN

      CBN Takes E-Naira To Kano Varsity For Payment Of Tuition, Others

      Petrol, Fuel, Oil Marketers

      Subsidy Removal Has Doubled Depot Petrol Price – Marketers

      Nigeria Air

      Reps Question Nigeria Air Launch, Declare it a Fraud

      Aviation Fuel

      Jet Fuel, Cooking Gas Prices Crash in Abuja, Lagos

  • Features
    • AllInsightOpinion
      NAHCON Group Photo

      Hajj 2023: NAHCON’s Strategic Media Engagement for Responsible Reporting, by Abdulrahman…

      A Woman in Niqaab

      Why Niqab Shouldn’t be an Issue at BUK By Abdulhamid Sakina…

      Imam Shuaib Agaka’s Maiden Islamic Quiz Competition Ends, Winners Get Prizes

      Omojo Wada

      Rising Unemployment and Inflation: The Fallout of Nigeria’s Subsidy Removal, by…

  • FAAC
    • FAAC

      Akwa Ibom, Rivers, Delta Lead As States Share N9.3trn In Three…

      FAAC

      FAAC: FG, States, LGAs Share N722.677 for February

      FAAC

      Kano, Lagos, Get Massive Share As LGs Share N2trn

      FAAC

      FG, States, LGCs Share N990.189bn In Dec 2022

      FAAC

      FAAC Shares 902.053 billion for November

  • Financial
    • AllFacts & FiguresMonetaryTax Matters
      National Bureau of Statistics, NBS

      Nigeria Records N931.1bn Trade Surplus In Q1, 2023

      Gas Flaring

      In Four Months, Nigeria Loses N150bn To Gas Flaring

      The World Bank

      Nigeria’s Economic Growth Too Slow To Reduce Poverty – World Bank

      TAX

      AU: Nigeria, Others Target $220b Revenue from Taxes

  • Sidelines
    • Saliu Mustapha

      Visit Kwara: Saliu Mustapha Pens Foreward For New Book Spotlighting Kwara…

      Apple Data Breach: Marketing Strategy or Security Issue

      Dangote-BUA Sugar Scarcity Feud

      Google: Expanding 2-Step Verification Enrollment

      SAEMA Awards 2021: Submit Nominees for Security and Emergency Management Awards

  • Profile
    • PHOTOS: PRNigeria Ladies Bag Double 2023 SABRE African PR Awards in…

      Yusuf Alli @60: Unveiling an Investigative Journalist Par Excellence

      Pantami’s grand exposés on Cybersecurity and the Datafication of Society

      The Inimitable Kongi at 88

      The Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo

      Adeniyi Adebayo: Unsung, Silent Strides in Economic Diversification

  • Special Focus
    • imported Foreign Rice

      REVEALED: How Illicit Rice Importation is Threatening FG’s Agricultural Sector Interventions

      An abandoned mining site in the Barkin Ladi area of Plateau state

      Abandoned mines: A Danger to Communities Across Nigeria

      Maraba Takushara Community

      SPECIAL REPORT: Maraba Takushara, an FCT Community Under Siege… So Close…

      Yahaya Bello’s Health Initiatives: Building Nigeria of his Dreams in Kogi

      Model Science Secondary School: Yahaya Bello’s Gift to Future Generations

Home Business CSOs Oppose FG’s Sale of NNPC, other Public Assets
  • Business

CSOs Oppose FG’s Sale of NNPC, other Public Assets

By
Economic Confidential
-
January 24, 2023
NNPC-Towers-Abuja
FIRS

CSOs Oppose FG’s Sale of NNPC, other Public Assets

A coalition of civil society members have formed a group called the Movement Against Privatization to oppose government sales of Nigerian National Petroleum Company Limited and other national assets

According to the group, since the idea of selling national assets ,such as NITEL , National Fertilizer, NEPA, steel companies and several others did not favour the masses in past, there should be no reason to consider selling for now.

The group, which threatened to mobilise Nigerians if any government decides to consider selling NNPC, said it would go further than mobilising Nigerians should there be any attempt to sell public assets, but would also go to court and stop it.

In a press statement signed by the Secretary General, Usman Dabo, the group said part of the reasons for coming together to form the movement was to ensure that it protects innocent Nigerians from being deceived or hoodwinked to believe that privatisation of public assets was the only solution to effective production and adequate supply of Premium Motor Spirit otherwise known as Petrol.

Also Read: Just In: CBN Increases Interest Rate to 17.5%

The statement further reads, “We formed the Movement Against Privatisation because cannot afford to adopt a ‘sit down and look’ approach and watch our sensitive companies that touch live of Nigerians in almost all ramifications to be out sold under any guise by selfish politicians and their cronies.

“No sensitive leader and government will consider selling a critical national oil company such as NNPC limited especially, considering the monopoly of price involved in such companies.

“We have watched and listened to all the presidential candidates and observed that most of the presidential candidates appeared to be talking in favour of privatisation and this we would vehemently resist.”

It however described as unfortunate the situation where the crop of presidential candidates are not talking about creating policies that would encourage both local and international investors to invest in building new refineries.

Stressing that “this is why we are crying out loud now to anyone that will succeed President Muhammadu Buhari to know early enough that this movement is out to resist any attempt to auction NNPC and other public assets.

“We have put up structures across the 36 states of Nigeria, including the Federal Capital Territory, Abuja to mobilise civil society organisations, traders, students and other Nigerians to return to the street for the mother of all protests, if there is any government that mutes the idea of sale of public assets.”

Meanwhile, the group which threw its weight behind complete removal of subsidy disclosed that, “we have set up a special unit to begin a process of sensitisation with a clear message of ‘Don’t Sell NNPC’ in particular, but open windows for individuals to invest in private refineries, so doing, there would be opportunities to tackle the problem of perennial scarcity, create employment , transfer technology, expand scope of industrial growth and development.

“This group insists that whoever wins the elections should leave the existing refineries to operate as a government entity and create policies that will be friendly to investors.”

seo guest blogging service

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)

Related

PRNigeria.com
EconomicConfidential.com
PRNigeria.com/Hausa
EmergencyDigest.com
PoliticsDigest.ng
TechDigest.ng
HealthDigest.ng
SpokesPersonsdigest.com
TeensDigest.ng
ArewaAgenda.com
Hausa.ArewaAgenda.com
YAShuaib.com
  • TAGS
  • NEPA
  • NITEL
  • NNPC
Previous articleJust In: CBN Increases Interest Rate to 17.5%
Next articleHow the Nigerian Economic Landscape is Skewed Against Northerners – Arewa Forum
Economic Confidential

RELATED ARTICLESMORE FROM AUTHOR

DG SEC, Dr. Lamido Yuguda
Business

Commodities Export Will Grow Nigeria’s Economy – SEC

Central Bank of Nigeria, CBN
Business

CBN Takes E-Naira To Kano Varsity For Payment Of Tuition, Others

Petrol, Fuel, Oil Marketers
Business

Subsidy Removal Has Doubled Depot Petrol Price – Marketers

Nigeria Air
Business

Reps Question Nigeria Air Launch, Declare it a Fraud

Aviation Fuel
Business

Jet Fuel, Cooking Gas Prices Crash in Abuja, Lagos

Inflation Rise, Inflation
Business

Naira Depreciation, Inflation Affect N13.72tn Workers’ Salary – Report

SEMA

Book on Sales: Boko Haram Media War: An Encounter with the Spymaster

boko haram

Click Here: To Order Now!

PRNigeria FEEDS

Loading RSS Feed

EDITOR PICKS

NAHCON Group Photo

Hajj 2023: NAHCON’s Strategic Media Engagement for Responsible Reporting, by Abdulrahman...

Opinion June 7, 2023
Nigeria Air

Group Faults House Committee Chairman On Aviation on Nigeria Air

Editors Pick June 7, 2023
A Woman in Niqaab

Why Niqab Shouldn’t be an Issue at BUK By Abdulhamid Sakina...

Opinion June 7, 2023

POPULAR POSTS

Nigerian Maritime

FG Loses $1bn Annually In Maritime Sector

Monetary May 19, 2020

Ajaokuta Steel Company Gets N4.3bn for Revival

Business January 9, 2017
MTN Office

MTN Nigeria Opens Offer Of N100bn Commercial Paper Issuance

Business May 29, 2020

POPULAR CATEGORY

  • Business10406
  • Monetary2816
  • Financial2471
  • Featured Post2211
  • National News1888
  • News1856
  • Editors Pick1726
  • Opinion1122
  • Features710
ABOUT US
Economic Confidential is the Abuja based Nigerian News Magazine. Economic Confidential Magazine is Factual, Authoritative and Accessible.
Contact us: editor@economicconfidential.com
FOLLOW US
© 2017 Economic Confidential . All Rights Reserved.
X whatsapp