pop-logo-verticalCreated with Sketch.

News (25)

View all >

The question of privatizing state-owned refineries is a central dividing line in the elections 2019

The Financial Times reports that the question of privatizing state-owned refineries was a central dividing line in the 16 February election of the President, Vice President and National Assembly. The incumbent, President Muhammadu Buhari’s “focus is state-led growth and his plan is to form public-private partnerships to revive the refineries.” Atiku Abubakar, his main rival, “plans to sell off the refineries. The 72-year-old made his fortune in the oil and gas business before leading the country’s patchy privatisation drive as vice-president in the 2000s.”

Source: peopleoverprof.it

“Our simple answer is that Nigerians have no good story to tell of the privatization exercise"

Bureau of Public Enterprises Director-General Alex Okoh has been on a media blitz singing the praises of privatization, but a group opposed to the PDP privatization program said, “Our simple answer is that Nigerians have no good story to tell of the privatization exercise of the State Owned Enterprises, under the Peoples Democratic Party (PDP), as the exercise failed woefully and the proceeds were less than transparently accounted for, as exemplified by NITEL, Aluminum Steel Plant, Ajaokuta Steel Plant, Electricity Distribution Companies and sundry state assets.”

Source: The Nation Nigeria

Multimedia (1)

View all >

video

Adeniyi Peters Adeyemi, NASU, Nigeria

Listen to PSI Vice-President, Adeniyi Peters Adeyemi, from the Non-Academic Staff Union of Education and Associated Institutions, describe the challenges facing his union: the privatisation of Nigeria electricity services and the Ebola crisis.