If the Peoples Democratic Party takes power next year, there will no longer be a hiding place for oil thieves and their accomplices, no matter how highly placed they are in the country. This was the pledge of the PDP presidential candidate, Atiku Abubakar, on Saturday in Lagos when he interacted with a broad…
Atiku also said he would, in the interest of national development, confiscate all oil blocs allocated to some Nigerians who have failed to make them operational. That plan, he explained, would be revived and sustained beyond the projected figure, when he is voted into office next year, pointing out that in order to do this successfully, the Petroleum Industry Act and any other enabling law would be invoked.
Turning to the fiscal challenges of FOREX, monetary policy, and the N20 trillion way and means balance facing the country, Atiku said, “I believe that we should have a FOREX policy that allows a convergence. I don’t believe in a multiple FOREX policy that currently applies.” “CBN will take responsibility to deliver price stability despite the fact that inflation is a global phenomenon and a product of strong demand and limited supply.
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