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Domestic political dispute

Atiku, Tinubu Clash Over Privatization

Analysis based on 8 articles · First reported Apr 17, 2026 · Last updated Apr 17, 2026

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General
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This political dispute between Atiku Abubakar and Bola Tinubu highlights concerns over economic policies and governance in Nigeria. The accusations of opaque privatization processes for the NNPC and the criticism of the current administration's handling of the cost of living crisis could lead to increased investor uncertainty regarding Nigeria's economic stability and transparency.

Government Oil and gas

Former Vice-President Atiku Abubakar has launched a counterattack on President Bola Tinubu, accusing him of hypocrisy, historical distortion, and political desperation. This comes after Bola Tinubu criticized Atiku Abubakar's record on privatization and his alleged attempt to 'privatize' the Nigeria — African Democratic Congress. Atiku Abubakar's camp, through Phrank Shaibu, defended his past economic reforms, citing successful privatizations of companies like Oando, Conoil, and Ardova Plc. They also criticized Bola Tinubu's administration for its handling of the NNPC's commercialization, alleging a lack of transparency and accountability. Furthermore, Atiku Abubakar's team questioned Bola Tinubu's academic credentials, referencing his Chicago State University degree, and highlighted the severe economic hardship, inflation, and insecurity faced by Nigerians under the current administration. The dispute underscores a broader debate about economic policy, governance, and leadership in Nigeria.

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Indorama Eleme Petrochemicals is cited by Atiku Abubakar as an example of a successful privatization under his tenure, demonstrating the positive outcomes of his economic reforms.
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CRH plc — Ash Grove Cement Company is cited by Atiku Abubakar as an example of a successful privatization under his tenure, demonstrating the positive outcomes of his economic reforms.
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Conoil is cited by Atiku Abubakar as an example of a successful privatization under his tenure, demonstrating the positive outcomes of his economic reforms.
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Transcorp Hilton Abuja is cited by Atiku Abubakar as an example of a successful privatization under his tenure, demonstrating the positive outcomes of his economic reforms.
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Oando is cited by Atiku Abubakar as an example of a successful privatization under his tenure, demonstrating the positive outcomes of his economic reforms.
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Ardova Plc (formerly African Petroleum) is cited by Atiku Abubakar as an example of a successful privatization under his tenure, demonstrating the positive outcomes of his economic reforms.
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