Ask Atiku Abubakar — Official Citizen Engagement Platform

If elected, which government assets would you privatise, including NNPCL, refineries or power assets?

I've always said Nigeria needs to open government control in parts of our power transmission infrastructure to private companies, to achieve uninterrupted power supply. On refineries, I believe our national refineries would have been better served by selling them pre-rehabilitation, before repairs added debt and let them depreciate into liabilities. The latest "revival" push was politics, not sound economics, so any refinery deal, including with foreign partners, repeating that failed model should be discontinued. My focus is supporting domestic production at Dangote and other Nigerian refineries to expand capacity and compete.

Where this comes from

p. 1 Introduction Atiku Abubakar: Answers to questions from the public 2026-10-02 ›
Can you account for the major assets privatised under your supervision, including who bought them, what the price was, and how their prices were determined? Of course. There was a government bureaucracy that was responsible for all the documentation and assessment of all transactions. That government department is the Bureau of Public Enterprises. Our administration created that department and it is still relevant till the present time. If elected, which government assets would you privatize-including NNPCL, refineries, or power assets? I have always maintained that Nigeria has to open up government control in certain aspects of our power transmission infrastructure to the private sector in order to achieve the objective of uninterrupted power supply. I am also committed to the policy of promoting production of refined petrol and petroleum products locally in Nigeria. I believe that our national refineries
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