Former Vice-President Atiku Abubakar has questioned the federal government’s handling of oil deals, particularly the accelerated approval granted to Oando Plc to acquire Agip and Eni’s onshore assets. He alleges undue preference for Oando, owned by the president’s nephew, while other transactions face delays.
Atiku highlights the swift approval of Oando’s deal, completed within eight months, compared to the stalled attempts by SEPLAT to buy Mobil’s onshore assets and the delayed deal between Renaissance and Shell. He criticizes the government’s handling of the oil and gas sector, accusing them of favoritism and mortgage of national assets to vested interests.
Additionally, Atiku condemns the government’s subsidy regime, citing the NNPC’s financial statement and the IMF’s estimates of subsidy payments. He questions the administration’s commitment to attracting foreign investment and addressing petrol scarcity, while frustrating the Dangote Refinery and NNPCL facilities.
HOBNOB NEWS
