Monday, 9 February 2015

News: FG to privatise transport sector



The Director-General of the Bureau of Public Enterprises,
Mr. Benjamin Dikki, has said the bureau would soon begin
the privatisation process for the country’s transport sector.
This is contained in a statement by the bureau’s Acting
Head, Public Communications, Mr. Alex Okoh, on Sunday, in
Abuja.
According to the statement, the process will begin as soon
as the necessary legal and regulatory frameworks are put
in place.
It said that once this was done, the transport sector would
become a viable investment destination for investors from
across the globe.
It noted that the bureau was concerned with the viability of
the transport sector because it was critical to the growth of
the nation’s economy.
“We don’t want to repeat the mistake we made during the
port reform. Before embarking on the reform of any sector,
we will ensure that the legal and regulatory frameworks are
in place.
“That is why for the transport sector, we have all the seven
draft bills undergoing approval process by the Federal
Executive Council, after which they will be transmitted to the
National Assembly for passage.
“From the assurances we are getting from the various
stakeholders, these bills will be passed soon,” the
statement said.
It lauded the administration of President Goodluck Jonathan
for its support for the bureau which, he said, ensured a
measure of success in the power sector reform. CLICK HERE TO READ FULL AND TOUCHING NIGERIAN CELEBRITIES BIOGRAPHY AND SCANDALS

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