News (4)

View all >

Privatization has become an issue in the presidential election campaign

Privatization has become an issue in the presidential election campaign, with Minister of Transportation Rotimi Amaechi (of President Buhari’s APC), and Segun Sowunmi (PDP; a spokesperson of the Atiku Campaign Organisation) squaring off on the question at the first debate. They “clashed over the privatization program of the People’s Democratic Party (PDP) when Chief Olusegun Obasanjo was president.” Amaechi “alleged the Atiku-Obasanjo presidency led a privatization of Nigeria’s assets to their cronies. ‘The first question is that they privatized, to who? Who did they privatize to? To themselves, and they are coming back.”

Source: The Sun Nigeria

“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

Kenya in major policy shift on support for PPPs

In a major policy shift on support for PPPs, government support measures (GSM) will “only be issued in very exceptional circumstances for projects that are considered strategic and that are of public interest”. This decision was taken after it became apparent that private investors under the PPP framework have been abusing the government support measures exposing taxpayers to potential losses of millions of dollars.

Source: The East African

Cookie preferences

Like many other websites, we use Google Analytics to collect anonymous information about the surfing behavior of our users.