Atiku Criticizes FG's Oil Sector Equity Divestment Plan, Calls for Transparency

Former Vice President of Nigeria, Alhaji Atiku Abubakar, criticized the Federal Government's plan to divest equity in key Joint Ventures (JVs) within the oil and gas sector. Atiku expressed concerns about the potential impact on Nigeria's progress, highlighting issues of hunger and poverty.

He also questioned proposed amendments to the Petroleum Industry Act (PIA) and emphasized the importance of transparency and national interest in such decisions. Atiku advocated for the revitalization of underperforming enterprises through strategies like privatization to enhance efficiency and energy security.

While the government's specific plans regarding the divestment remain unclear, Atiku's statement underscored the need for careful management to prevent negative consequences.