Former Vice President Atiku Abubakar has vowed to privatize parts of Nigerian National Petroleum Corporation (NNPC), if elected as President. Speaking with Reuters, he explained that NNPC has been “beset by decades of mismanagement.”
The former Vice President also disclosed that he will allow the naira to float so as to attract foreign investment. Abubakar said: “I am a strong believer in very, very small government and also the private sector.
“I am also going to expand it to include the oil and gas sector which have not been touched at all and other major sectors of the economy like mining, solid minerals.
“I will allow the naira to float because I believe that is one of the ways foreign direct investment can be encouraged to come in.”