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Oriental News Nigeria
Home»News»Nigeria News»FG To Promote Private Sector Leadership In Economic Transformation
Nigeria News

FG To Promote Private Sector Leadership In Economic Transformation

By Orientalnews StaffMay 16, 2018No Comments2 Mins Read
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Yemisi Izuora 

The Minister of Information and Culture, Alhaji Lai Mohammed, says the present administration is poised to actively promote the participation of the private sector in the nation’s strategic economic agenda.

The Minister stated this when he inaugurated the Stakeholders

Engagement Committee of the National Council on Privatisation (NCP) in

Abuja on Tuesday.

“Distinguished ladies and gentlemen, let me use this opportunity to

reiterate that the current administration of President Muhammadu

Buhari recognizes and actively promotes the participation of the

private sector in the strategic economic agenda of the nation.

“This pro-business posture of the government is eminently reflected in

the Economic Recovery and Growth Plan of this government,” he said.

Alhaji Mohammed said the government will continue to create an

enabling environment for private businesses to thrive and build

economic prosperity for the generality of Nigerians, including the

provision of critical infrastructure through Public Private

Partnership.

Expressing delight at the caliber of members of the committee, he

enjoined them to do everything possible to ensure that the committee

lives up to its responsibilities by ensuring that it identifies and

maintains contacts with various stakeholders and opinion leaders; and

advises the Council accordingly.

In his remarks, the Director General of the Bureau of Public

Enterprises, Mr. Alex Okoh, said in the last 30 years, over 140 public

enterprises across various sectors of the economy have been fully or

partially privatized or fully or partially commercialized or

concessioned.

“Of these privatized enterprises, over 60% have achieved a good level

of performance. The generation companies are performing very well. I

can also tell you that the seaports are performing despite some

infrastructural constraints,” he said.

Mr. Okoh said the importance of an effective stakeholders’ engagement

strategy cannot be over-emphasized, in view of the need to build

support and understanding for the Federal Government’s reform agenda

by effectively communicating the benefits of the privatization

programme.

The committee, chaired by the Minister of Information and Culture, has

the Director General of the National Orientation Agency, Dr. Garba

Abari; Iyalode Alaba Lawson, the President of NACCIMA; Mr. Ben Upah of

NLC, Auwal Musa from the Civil Society; Mr. Maxwell Loko of the

Nigerian Television Authority; Olaniyi Omodara of the National Human

Rights Commission and Mr. Uchola of the Federal Ministry of Industry,

Trade and Investment as some of the members.

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