Home Politics Atiku eyes privatising NNPC, raise GDP to $900bn, cut taxes

Atiku eyes privatising NNPC, raise GDP to $900bn, cut taxes



Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), has plans to embark on partial privatisation of the Nigerian National Petroleum Corporation (NNPC), TheCable can report.

The former vice-president also plans to sell all four national refineries, and cut corporate income tax to be the lowest in Africa.

According to the Atiku Abubakar policy document seen by TheCable, the 71-year-old plans to create three million jobs per year.

The policy document was put together with a major delivery timeline of 2019 to 2025.

Other items on Atiku’s plan include, building 5,000 kilometres of roads, and 5,000 kilometres of modern railway.

The plan is built on four cardinal points: jobs, infrastructure, poverty eradication, and human capital development.

The Atiku policy document also seeks to “improve spending efficiency of the federal government and drastically reduce the share of recurrent revenue in the budget from 70% to 35% by 2025”.

According wthe document, Atiku also seeks to implement the petroleum industry bill, ensure Nigeria refines over one million barrels of oil per day, and generate 20,000 megawatts of power by 2025.



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