Business Nigeria: NNPC Shares to Go Public in 2018

[LequteMan]

The Muhammadu Buhari-led administration is planning to sell key oil assets to the public in 2018, a year before presidential elections is scheduled to take place in the country, Bloomberg reports.

The Nigerian National Petroleum Corporation (NNPC), is planning to make its first initial public offering of assets in 2018, Petroleum Resources Minister of State Emmanuel Kachikwu said.

“It’s inevitable,” Kachikwu, who also heads the Nigerian National Petroleum Corp., said on Tuesday in an interview in Abu Dhabi. “Part of the cleaning up process that we’re doing is to prepare for that.”

 

[curator]

If Nigerians let this happen, then we might as well call it a day. Do you now want to sell off the assets to the Dangotes, Otedolas, Danjumas and Tinubus of this world? The solution to every public sector issue is not privatization!! If you have no other ideas then let someone with some ability to make a public institution work take charge.