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Atiku on NNPC: Buhari’s men display ignorance of modern economy – AASG
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The All-Atiku Support Group has blamed the criticism by the Buhari Media Organisation of the proposal by former Vice President Atiku Abubakar to privatize some aspects of the oil and gas sector as a display of poor knowledge about modern economic management. The AASG in a press statement signed by its Coordinator, Mr. Oladimeji Fabiyi said that the Buhari administration was least qualified to pass a remark about ideas geared towards modernizing and optimizing the operations of the Nigerian oil and gas sector, and indeed of any other sector of the economy.

“What the BMO has done by its criticism of Atiku’s proposal is to further expose its lack of knowledge in the ways modern economies are run. As it is today, the NNPC is unprofitable, unwieldy and not accountable. Compared to its contemporaries like Petronas of Malaysia and Petrobras of Brazil which have since liberalized and modernized its operations, the NNPC still riddles in inefficiency and obvious lack of capacity.”

Continuing, the group said: “There are clearly good examples of how liberalization of some sectors of the economy had benefitted Nigerians such as in the telecommunications industry and the banking industry. If the Obasanjo/Atiku administration had held on to NITEL, we wouldn’t have had the GSM revolution. If our commercial banks were not recapitalized, we still would be having failed banks. It is important to note that similar groups to the BMO had opposed the banking consolidation and telecoms revolution as anti-people, but history has shown that they were wrong.

“The trend the world over is for countries to liberalize the downstream sub-sector of the oil sector to improve efficiency and ensure product availability at all times. We are surprised that the BMO is ignorant of Saudi Arabia’s celebrated decision to privatize Aramco and raise needed cash to fund its social and economic services. We know exactly who the masquerades are: they are the very people who feed fat on the misfortune that has befallen the refineries – largely as a result of the inaction of the government.”

“What will happen when the NNPC is liberalized is that the company will be more transparent and accountable and Nigerians can actually buy into the shares of the NNPC. Maybe, by that time too, we could have energy revolution. “Tying the proposal for the liberalization of NNPC to ‘amplifying the long condemned IMF recommendation’ smacks of illiteracy and a poor attempt to hoodwink Nigerians about the shadiness in the operations of the NNPC,” the group said.

“For an administration that campaigned heavily about jettisoning subsidy regime and ‘stabilizing global oil prices’ coming out to criticize a workable idea to liberalize the country’s oil and gas sector is unfortunate to say the least,” the statement said. The group noted that while the operations and revenue of the Nigerian oil giant has been shrouded in secrecy for years past, it is worrisome that a group such as Buhari Media Organisation will employ cheap blackmail to cover up the operations of the NNPC, saying such tendencies isn’t in line with the change that Nigerians expected.

“Today, this administration pays over N1.4 Trillion annually on subsidy on fuel consumption in Nigeria, a staggering 386% when compared to the figure of N774 million daily given in March this year. Till this day, ordinary Nigerians have no idea how much revenue the NNPC makes in crude sales and the NNPC continues to drench in corruption without transparency and accountability.

“The contradiction inherent in the position of President Buhari on subsidy is evident for Nigerians to see. After saying there was no subsidy, to making Nigerians buy fuel at the highest price in the history of this country without palliative or cushioning effects to Nigerians and now paying over 1 trillion naira on subsidy. This same contradiction attendant upon by shallow understanding of economics is what leaves Nigeria with a jumbled compassless economy devoid of defined ideology. The world has moved beyond indecision.

“You can’t be going to the US to negotiate free market deals in the name of wooing investors while coming home to frustrate any genuine attempt to free the economy. The most fundamental question is what has the Buhari administration done to the refineries? Three years down the line, Nigeria still imports fuel. And some people want us stuck to a past that does not work. We need a present that can make Nigeria work again.”

Oladimeji stressed that if privatizing the refineries, and even providing the required incentives for the private sector to get competitively involved in owning and running modular refineries is what can make Nigeria wriggle out of the trap imposed on her by NNPC, the courage to say that, and the commitment to do it, should be commended not condemned.

BIG STORY

BREAKING: Enugu Senator Dies During Treatment In UK

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The Senator representing Enugu North Senatorial Zone, Barrister Okey Ezea, popularly known as Ideke, has died. He reportedly passed away on Tuesday.

Information gathered indicates that he was in the United Kingdom receiving medical treatment before his death.

An elder statesman close to him, Chief Nkem Ossai, confirmed the development and described the late Ezea as a man with a heart of gold who would be deeply missed by his constituents.

He explained that news of the senator’s death has thrown Nsukka and the entire Enugu North zone into mourning. Residents and supporters have expressed shock over the sudden loss, particularly because he had recently made what was considered a full recovery from a partial stroke recorded three months earlier.

Ossai noted, “It’s a sad day. Nsukka has been thrown into mourning. Enugu North has lost a dedicated man who vowed to restore and develop his senatorial zone. The atmosphere is sombre since the news broke.

“The loss of Senator Okey Ezea is a significant blow to the political landscape of Enugu State, and his contributions will be remembered by many.”

Senator Ezea was the only remaining member of the Labour Party in the National Assembly from Enugu State, following the defection of other lawmakers from the state to the All Progressives Congress (APC).

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BIG STORY

JUST IN: Pro-Wike PDP NEC Expels Makinde, Bala Mohammed, Bode George, Others

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A factional National Executive Committee of the Peoples Democratic Party has approved the expulsion of Oyo State Governor Seyi Makinde, Bauchi State Governor Bala Mohammed, Zamfara State Governor Dauda Lawal, former Board of Trustees Chairman Senator Adolphus Wabara, Senator Kabiru Tanimu Turaki, Deputy National Chairman (South) Taofeek Arapaja, and several other members over alleged anti-party activities.

The committee also dissolved the State Executive Councils in Bauchi, Oyo, Zamfara, Yobe, Lagos, Edo and Ekiti States.

These decisions emerged from the party’s 103rd NEC meeting held on Tuesday at the PDP national secretariat in Abuja.

Presenting the memo recommending the expulsions, Acting National Chairman Alhaji Mohammed Abdulrahman said the affected members were sanctioned for allegedly disregarding court judgments, a situation he said brought the party into disrepute.

The communiqué of the meeting was read by the National Secretary, Senator Samuel Anyanwu.

According to the communiqué, “The National Executive Committee (NEC) met on 18 November 2025 to address recent developments affecting the unity, stability, and constitutional order of our Party. At a time when Nigerians look to the PDP for leadership, NEC convened to uphold truth, justice, discipline, and respect for the rule of law.”

The statement noted that “NEC expressed deep concern over the actions of some members who violated subsisting court orders by organizing and attending a purported and unauthorized convention,” adding that the action triggered confusion, factionalisation, and the defection of governors and legislators nationwide.

The communiqué emphasised that “NEC reaffirmed that the PDP draws its legitimacy from strict adherence to its Constitution and that of the Federal Republic of Nigeria, not from impunity.”

The committee noted that it received a report from the Acting National Chairman outlining breaches of Articles 58(1) and 59(1), including anti-party activities, disobedience to court orders, and conduct bringing the party into disrepute.

NEC subsequently approved the commencement of disciplinary procedures against Adolphus Wabara, Olabode George, Ben N. Obi, Kabiru Tanimu Turaki (SAN), Bala Mohammed, Oluseyi Makinde, Dauda Lawal, Taofiq Arapaja, Setonji Koshoedo, Okechukwu Obiechina Daniel, Woyengikuro Daniel, Mohammed Kadade Suleiman, Emmanuel Ogidi, Sumaila Adamu Burga, Umar Sani, Udom Emmanuel, and Emmanuel Enorden.

The communiqué added that “NEC further resolved that Chief Ali Odefa must refund all salaries and allowances collected after his expulsion on 12 December 2024.” It also ratified Hon. Chidiebere Egwu Goodluck as Acting National Vice Chairman (South East).

NEC also endorsed the dissolution of the State Executive Committees in Bauchi, Oyo, Zamfara, Yobe, Lagos, and Ekiti States. It directed the National Working Committee to set up caretaker committees and commence fresh congresses immediately, while the Edo State Exco led by Barr. Nosa Ogieva was approved.

The committee mandated deputies in all vacant National Working Committee positions to assume acting roles with immediate effect.

Furthermore, the NEC confirmed the appointment of Alhaji Mohammed Abdulrahman as Acting National Chairman of the party.

The communiqué added that NEC directed the party’s legal team and NWC to begin immediate constitutional steps to recover the seats of elected officials who defected from the PDP, citing Sections 68(1)(g) and 109(1)(g) of the 1999 Constitution.

NEC also approved a party-wide reconciliation drive aimed at resolving internal disputes and restoring unity, while stressing that reconciliation efforts would not supersede discipline. It also announced that a nationwide membership audit and revalidation exercise would begin ahead of the 2027 elections.

According to the statement, NEC acknowledged the anxieties among party members but assured them that the decisions were taken to stabilise and strengthen the PDP.

The communiqué stated that “The NEC affirms that the era of indiscipline is over. The PDP will not bow to lawlessness or personal ambition,” adding that the party intends to rebuild with “unity, discipline, and renewed purpose” ahead of the next electoral cycle.

Earlier in their opening remarks, the BoT Chairman, Senator Mao Ohuabunwa, and the Acting National Chairman, Alhaji Mohammed Abdulrahman, urged members to remain steadfast and expressed confidence that the PDP would overcome its internal challenges.

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BIG STORY

JUST IN: Turaki, Makinde, Mohammed Tear Gassed As Wike Arrives PDP Secretariat [PHOTOS]

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Governors Seyi Makinde of Oyo State, Bala Mohammed of Bauchi State, and factional National Chairman of the Peoples Democratic Party (PDP), Tanimu Turaki, were among individuals affected by tear gas fired by police operatives during efforts to disperse a crowd at the PDP National Secretariat on Tuesday.

The three political figures were prevented from entering the Wadata House premises by the Senator Samuel Anyanwu-led faction, whose members maintained control of the main gate and restricted access.

As tensions escalated at the entrance and the crowd became increasingly agitated, police personnel deployed tear gas to restore order and disperse those gathered.

The situation shifted when the Minister of the Federal Capital Territory, Nyesom Wike, arrived at the Secretariat, prompting security personnel to open the gate widely to allow his entry.

 

More to come…

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