pop-logo-verticalCreated with Sketch.

News (4)

View all >

The government has marked out 49 state-owned enterprises for privatisation

The government has marked out 49 state-owned enterprises for privatisation. Pakistan International Airlines (PIA) and Pakistan Steel Mills (PSM) are on the list. “Pakistan is in discussion with half a dozen companies from Russia and China to run the Pakistan Steel Mills (PSM) under public-private partnership and increase its capacity from 1.1 million to 3.5 million per year.”

Source: www.thenews.com.pk

“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

ULC has rejected plans to privatise Ajaokuta Steel Company

The United Labour Congress of Nigeria (ULC) has rejected plans by the Federal Government to privatise Ajaokuta Steel Company. “Speaking through its President, Mr. Joe Ajaero, ULC contended that it is opposed to the privatization of the steel company because of its enormous benefits to industries, homes and the nation at large. (…) Also, President of Iron and Steel Senior Staff Association of Nigeria, ISSSAN, Mr. Itopa Bello, said government should unbundle the company to ensure its effective operation and viability.”