The Governor of Kaduna State, Nasir El-Rufai wants the government to quit the oil and gas business as it has failed that sector.
Speaking at Kadinvest, an annual event organised by the Kaduna State Investment Promotion Agency, the governor said whatever the government manages turns out bad.
According to him, nothing has changed with the commercialisation of the Nigerian National Petroleum Company In July 2022.
“I am giving this example so that when I say government should get out of oil and gas, people should not think it is crazy; it is not. There is no reason why the Nigerian Government should still be in the oil and gas sector. It should just get out, it has failed. By every measure it has failed.
“This year, NNPC has not brought N20,000 to the federation account. We are living on taxes. It is PPTs, royalties, income tax and VAT that is keeping this country going because NNPC claims that subsidy has taken all the oil revenues. I don’t believe it,” El-Rufai noted.
He added that though the Group Chief Executive Officer of NNPC limited, Mele Kyari is trying his best, the company has failed and has no business being in the sector.
El-Rufai referenced sectors doing well in the country like entertainment, telecoms, fintech and others without government involvement.