Former Vice President Atiku Abubakar, the Peoples Democratic Party (PDP) presidential candidate, has promised to privatise oil refineries if elected president.
In a tweet on Tuesday, Mr Abubakar revealed that his government would work to make Nigeria the hub for crude oil refining in the continent.
āIām going to privatise our crude oil refineries and make Nigeria the hub of crude oil refining in Africa,ā stated Mr Abubakar.
The presidential hopeful has long pushed for privatising the state-owned oil company and other industries, including the electricity industry and refineries.
In August, he stated that the NNPC should be privatised to improve the oil business, adding that it is not the governmentās responsibility to take over the management of the oil and gas industry.
The main opposition partyās candidate also stated that if elected in 2023, he will implement the Oronsanye reportās recommendations to reduce government spending to address the nationās present economic problems.
āThe Oronsaye report (on cutting cost of governance in the face of dwindling economic fortunes) is our baby. If you elect us, we will complete the job,ā he tweeted.
In 2012, the Oronsaye committee sent in an 800-page report that called for the merger and dissolution of 102 parastatals and government organisations, some of which were self-funding.
The committee found intense competition among multiple overlapping government entities, leading to bad blood among agencies and needless waste of government funds.
