Former Vice President Atiku Abubakar has supported decision by the Federal Government to privatise some of its assets.
The assets include refineries, the International Conference Centre in Abuja, Yola Electricity Distribution Company, Zungeru Hydro Power, Tafawa Belewa Square, among others.
A total of N493.4bn is expected to be earned from the sale of the assets which were classified under energy assets, industries and communication department as well as development institutions and natural resources.
In a statement titled ‘Privatisation of Refineries and Other Assets: Better Late Than Never,’ Atiku however demanded transparency in the process.
He expressed delight that the privatisation of public assets which he once championed and was scorned for by the All Progressives Congress-led administration is now being embraced by the same administration.
He said: “For decades, I have championed the privatisation of our economy and full deregulation of our oil and gas sector, amongst other sectors, for greater service delivery and efficiency.
“As chairman of the National Council on Privatisation, I advanced these policies which saw our economy achieve 6% GDP growth and created jobs for the masses of our people and amass the national wealth that enabled us exit the debt trap, and secure our financial independence.
“Even though my ideas were scorned by the All Progressives Congress-led Federal Government over the years, I am nevertheless most fulfilled that an administration that once failed to see the wisdom in these sound economic policies, is now facing reality and has now embraced reason, by announcing the privatisation of our refineries and other assets, which have not always prospered under public management.
“It is always better late than never. And I commend the Federal Government for coming on board. I urge that the privatisation process be as transparent as possible, as that is the only way to ensure that Nigeria reaps the greatest economic benefits from this policy.
“It was never about me. My interest has always been the peace, prosperity and progress of Nigeria, and I am happy to share these ideas, and others, with the government of the day, for the betterment of our nation and its people.”
Former Director General of the Nigerian Institute of International Affairs, Prof Bola Akinterinwa, has said the President, Major General Muhammadu Buhari (retd.), has the right to nominate all the service chiefs who were changed last week as non-career ambassadors. Akinterinwa, however, said there was no assurance that countries like the United States and the United […] Read Full Story
In what will come across as a really shocking development, an apprentice has been bated with acid by his boss in Lagos. The apprentice, identified simply as Ifeanyi, is in pain after his boss, identified simply as Anaayo, allegedly bathed him in acid and detained him for over three months without treatment at their place […] Read Full Story
The Lagos State Commissioner of Police, CP Hakeem Odumosu, has again renewed his vow to suppress any act of lawlessness and hooliganism across the length and breadth of Lagos State. The police boss made the assertion today, Monday 8th February, 2021, while addressing and deliberating on security issues with the Area Commaders and Police Mobile […] Read Full Story