The administration of former President Goodluck Jonathan got $60 billion from oil proceeds in 2011, according to the 14th Emir of Kano, Alhaji Muhammad Sanusi II.
Sanusi said this while delivering his paper ‘Improving Sub-nationals Resilience Against Global Economic Stock’ at the 7th edition of Kaduna Economic and Investment Summit (KADInvest 7.0)
He stressed the need to unbundle and disband the Nigerian National Petroleum Company (NNPC) in order to get the country out of economic crisis.
Recall that Governor Nasir El-Rufai of Kaduna state had recently accused the Federal Government of failure in the oil and gas business where he asked the government to ‘get out’ of the sector.
However, aligning with what the governor said, , said the NNPC should be unbundled into different companies for effective and efficient management of the country’s oil sector.