The presidential applicant of the Peoples Democratic Party , Atiku Abubakar , says he will offer the Nigerian National Petroleum Corporation and hold only 10 percent of the organization for the Federal Government .

Atiku said this in a meeting with

The African Report , a month to month distribution .

Atiku , who directed the National Council on Privatization amid his residency as bad habit - president , said the NNPC should have turned out to be more beneficial at this point . 

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On whether he would offer NNPC and keep 10 percent shares for the administration , he said , "Truly, I would need to proceed . There is no uncertainty about that . The administration ought to have an extremely minor shareholding . Nigeria is in critical need of assets to build up its framework and different divisions of the economy ."

The PDP presidential hopeful said Nigeria should have been delivering significantly more than two million barrels of oil for each day .

Talking further on the privatization of the country ' s oil organization, he said , "Without a stable administrative structure , the oil and gas organizations will think that its hard to put more in Nigeria .

"At the time , we pushed for the entry of the new law . We expected that Nigeria would have the capacity to trade up to four million barrels for each day , however here we are, still at under two million barrels for each day ."

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