Fashola, NLC fault FG assets sale, privatisation, minister demands audit

The BPE on Monday said 234 public enterprises had either been privatised or commercialised, generating about N1tn through the process since the agency was established in 1999.

Minister of Works and Housing and the Nigerian Labour Congress have also expressed reservations about privatisation and commercialisation of public entities by the Federal Government.

The BPE, the NLC and the minister made their positions known in Abuja at a public hearing organised by the House of Representatives’ Committee on Privatisation and Commercialisation on ‘A Bill for an Act to Repeal the Public Enterprises (Privatisation and Commercialisation) Act CAP P38 Laws of the Federation of Nigeria 2004 and Enact the Public Assets Reform Bill 2021 for Improved Efficiency and Management of Public Assets in Nigeria, and for Related Matters’. PUNCH