Former President Olusegun Obasanjo has urged the federal government to work fast with its change agenda, as undue delay would create a bad image for the government and the ruling All Progressives Congress (APC).
Obasanjo, who made this call at the opening of a two-day maritime industry stakeholders’ conference in Lagos yesterday, also warned the President Muhammadu-led administration against putting government fund in the planned national shipping line and national air carrier.
The former president, who regretted his failure to privatise the Nigerian National Petroleum Corporation (NNPC), explained that instances provided by privatised parastatals of government in the oil and gas and other sectors had shown that privatising NNPC would have saved the institution from the wanton corruption that rocked it in recent times, and made the corporation a much more productive one
“In any system, the institutions are very important, and these institutions that we have not made to work, we have to make them work now. One of them is the Nigeria Liquefied Natural Gas Ltd (NLNG). But before I say more on NLNG, let’s talk about the NNPC. One thing I wish I should have done during my tenure as president was to privatise NNPC. If I were to be there again, I would have privatised the NNPC so that it would not have been flagrantly mismanaged the way it was. Maybe I would have done that if I’m there today.
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