Former president Olusegun Obasanjo has called for the reformation of the Nigerian National Petroleum Corporation, NNPC, instead of selling it off as is being proposed by the federal government.
The Federal Government has said that the proceeds from the proposed sale of some of the country’s national assets would be used to fund the expenditure of government as contained in the 2016 budget.
Chairman of the Senate Committee on Foreign and Local Debts, Shehu Sani, has strongly criticised those calling for the sale of the country’s national asset, describing them as “economic predators and profiteers who want to take advantage of the situation in the country.”