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Atiku backs privatisation of refineries, other assets

Atiku backs privatisation of refineries, other assets


Atiku backs privatisation of refineries, other assets

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Atiku backs privatisation of refineries, other assets

Former Vice President Atiku Abubakar has backed the decision by the Federal Government to privatise some of its assets .
The assets include the country ’s refineries, the International Conference Centre in Abuja , Yola Electricity Distribution Company , Zungeru Hydro Power, Tafawa Belewa Square , among others .
A total of N 493 .4 bn 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 called for transparency in the process of privatising the assets .
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 . ”

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