FG has no business in oil and gas, NNPC has added nothing to Nigeria’s coffer – El-Rufai

The Governor of Kaduna State, Nasir El-Rufai, has called for the immediate privatization of the Nigerian National Petroleum Company Limited (NNPC) insisting that it has added nothing to the federation’s account this year.

Speaking on Channels TV’s programme, “Politics Today” on Thursday, El-Rufai said NNPC Limited has created more problems for Nigeria and has failed in the oil and gas sector of the country.

He stressed that the company has not been able to remit any amount to the federation’s account except excuses that their revenues are being quelled by subsidy.

“This year, NNPC has not brought N20,000 to the federation account. We are living on taxes. It is PPTs, royalties, income tax and VAT that is keeping this country going because NNPC claims that subsidy has taken all the oil revenues. I don’t believe it.”

The governor further stated, “Nothing has changed, it’s just a change in name with limited at the end. They are still taking our money, declaring profit that we have not seen the dividends.”

He also explained that the government’s involvement has done no good, and should allow private investors to take charge, adding, “the electricity industry should as well be completely privatized.