Atiku Supports Proposed Privatisation Of Refineries, Assets



Former vice-chairman Atiku Abubakar has supported the choice by the federal to privatize a number 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 predicted to be earned from the sale of the assets which were classified under energy assets, industries and communication departments also as development institutions and natural resources.

In a statement titled ‘Privatisation of Refineries and Other Assets: Better Late Than Never,’ Atiku however demanded transparency within the process.

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He expressed delight that the privatization of public assets which he once championed and was scorned for by the All Progressives Congress-led administration is now being embraced by an equivalent administration.

He said: “For decades, I even have championed the privatization 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 to exit the debt trap and secure our financial independence.

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“Even though my ideas were scorned by the All Progressives Congress-led federal over the years, I’m nevertheless most fulfilled that an administration that when did not see the wisdom in these sound economic policies, is now facing reality and has now embraced reason, by announcing the privatization of our refineries and other assets, which haven’t always prospered under public management.

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“It is usually better late than never. and that I commend the federal for approaching the board. I urge that the privatization process be as transparent as possible, as that’s the sole thanks to making sure that Nigeria reaps the best economic benefits from this policy.

“It was never about me. My interest has always been the peace, prosperity, and progress of Nigeria, and that I am happy to share these ideas, et al., with the govt of the day, for the betterment of our nation and its people.”

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