The Chairman of the Senate Committee on Privatisation, Senator Ben Murray-Bruce, has declared that the privatisation of some Federal Government companies is perfect but that Nigeria only needs “business solutions” to overcome its economic problems.
Following several criticisms that the process should be reversed, the senator said, “While people are entitled to their opinions, I believe that the privatisation process, especially in the power sector, was perfectly done and should not be faulted. But what we are saying is that we should find business solutions to our economic problems.
“Why should we want the privatisation to be reversed? With the privatisation of companies such as Delta Steel Company and Ajaokuta Steel Company, the Federal Government gets money to spend on other needs such as roads, health, etc. Our interest is to get jobs for more Nigerians through privatisation,” he said.
He added that the committee was currently on a tour of privatised companies across the country with a view to having on-the-spot information and assessment of how the companies were performing.
Senator Murray-Bruce added that whatever their findings were, they would be made public. He stressed that the privatisation of companies, particularly those in the power sector, could not be faulted, maintaining that it was well done.
He declared, “The Senate set up the committee on privatisation. We are currently on tour of Nigeria to look at privatised companies. Our recommendations on such companies would be made known to the Senate and Nigerians. We, at the senate, are not out to victimise anybody or reverse the
privatisation.”
