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They are not, as long as Nigeria is concerned.” Speaking further, the former President of NBA challenged the effectiveness of privatisation in Nigeria, arguing that it has not led to the development or poverty alleviation but has instead been channelled to enrich certain individuals’ pockets.
Poverty is everywhere to the point where we must be careful about food riot” he said, urging a re-evaluation of Nigeria’s privatisation strategy.” He said,“My point is Mr.
President should not be the minister of petroleum resources because he doesn’t have the time.
Agbakoba criticised the misconception that commercialisation and privatisation automatically lead to efficiency, citing China and Saudi Arabia, which run state capitalism.
Naija Newsreports that Agbakoba, while analysing the issues plaguing Nigeria’s oil sector in an interview with Arise TV, called for a repeal of the Petroleum Industrial Act (PIA)..
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