Thread by @LordRey6

I had patiently waited for @DemolaRewaju do do a thread on why @atiku’s position on @NNPCgroup’s future is correct. But seeing as he is obviously preoccupied with other important matters, let me show by facts and logic why @atiku was right.

THREAD.

At independence in 1960 Nigeria inherited a number of state functions and businesses for her colonial masters. This was towards a furtherance of her nationhood.
But these institutions and businesses sadly have not lived up to its mandate.

Instead of benefiting Nigerians, majority of these state businesses have served as a prime conduit for enriching private pockets.
The military didn’t care per se, since it served their ends well. But with the reemergence of democracy in ‘99 it became obvious that privatization...

...was the way to go. So the OBJ admin set out to do just that. And @atiku is positioning to continue that trend post May 29 this year should Nigerians trust him with their mandate.

And that is a good thing. Here’s why...

Monopolistic businesses are by their nature slow and unyielding. Take away that monopoly and open up the sector to multiple private practitioners and watch how sheer competition will bring creativity and performance to the sector.
Just consider NITEL

Assume for a moment it was still the SOLE provider of telecoms services, would you have a phone number? I don’t want to remind y’all what it was like in the days of 042 and 084 etc. Lol.

Today, I’m pretty certain you own a phone line which is not powered by NITEL

In fact one could say - although factually incorrect - that NITEL is dead, buried by its competitors.

I bet you couldn’t care less of what became of NITEL and its investors. It’s their business to make their business work right?

But Buharists are trying to poison your mind.

They’re trying to paint Atiku’s plan in bad light. “How dare he sell our NNPC to his friends?”, they fume.
See, calm down. It’s for our good. What happened to NITEL will happen here too. Nigerians will benefit.
Think. How many people did the privatization of NITEL affect...

...negatively? How many benefited? Going by the principle of overriding public good which demography should be prioritized?

I don’t know about you but if I have to lay a few thousands off to create employment for tens of thousands I’ll do it. It’s a no brainer.

Don’t let anyone exploit your patriotism. Privatization is the way forward. Even the expert recommendations contained in the Petroleum Industry Bill concur. So @atiku is actually electing to toe the path already recommended by the experts.

Like the man said, he listens when subject-matter experts make submissions. And this is a prime pointer.
Plus, if government hands off NNPC and its buyers decide to be inefficient whose lose is it? Conversely, if they perform then they merit the reward they get!

To consolidate my object frame please consider; Ajeokuta steel has guzzled billions to date. Would you rather it’s sold and the sector deregulated, or that the FG maintains status quo?
Personally, I choose the former and don’t care who it’ll be sold to provided two conditions...

...are met. 1) Open up the sector for other players and 2) Don’t interfere any more.
If the buyer chooses to be incompetent I wouldn’t care much since there’d be alternatives. If he doesn’t then good for him.
I once heard a rumor OBJ owns part of MTN but I don’t care.

I’m sure you don’t care either. You know why? Because We mustn’t use that network. Alternatives exist! And in an environment like that any serious investor must simply work - and then be rewarded with value. That’s just how live is.

Don’t let anyone deceive you.

End.

PS: Forgive my typos and incoherencies if and when you find them. It happens a lot when I my thoughts are faster than my fingers.😁🙏🏽