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FG To Privatise Railways, Inland Waterways, 6 Others In 2015 - Politics - Nairaland

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FG To Privatise Railways, Inland Waterways, 6 Others In 2015 by DailyTimes: 3:33am On Dec 18, 2014

Abuja light rail
The Federal Government has concluded plans to privatise eight new entities in some sectors of the economy by 2015.

These sectors include: Railway; Inland waterways; Road Authority; Roads Funds; National Transport Commission; Ports & Harbour reform; Federal Competition and Consumer Protection and Postal bill.

Mr. Benjamin Dikki, the Director General of the bureau, disclosed this during the end year workshop of the Commerce and Industry Correspondence Association of Nigeria (CICAN) in Lagos, saying “Government is riding on the success story of the previously privatised Public Enterprises, PEs, such as banking, power, telecom, marine, steel sectors of the economy, etc.

According to him “Today, the banking and finance sector is the most developed sector in Nigeria, efficiently and effectively responsible for implementing all government’s economic and financial policies under the regulation of the Central Bank of Nigeria, CBN

‘The reform of the telecom sector remains the most successful in terms of its impact on the economy. For example, Nigeria’s tele-density has been raised from 450,000 telephone lines in 2001 to over 134.5 million as at September, 2014; today, telecom contributions to the GDP is now 8.53 per cent , compared to less than 3 percent in 2001.”

Still stressing on the benefits of the reforms and privatisation, he said “Eleme Petrochemical Company has been revitalised and producing at over 99 percent capacity and has been consistently paying over N4, 000.00 as dividend per share. Cement companies have been revived, expanded and made profitable, etc.”

Dikki, stated that to sustain the gains of past reforms and privatisation and enhance the enabling environment for private capital participation in the Nigerian economy, BPE has prepared eight critical bills targeted for passage into law.

The bills are roads authority bill, railway bill, port and habour bill, inland water ways bills; Roads fund bill; National transport commission bill, federal competition and consumer protection bill as well as postal bill.

Additionally, Dikki said that besides these bills, the bureau is working with the relevant ministries to reform Sports, Tourism, Health and Housing sectors of the country by reviewing the policy, legal and regulatory frameworks for these sectors.

In her presentation, Dr. Gloria Elemo Director General, Federal Institute of Research Oshodi (FIIRO, said that research and development are a very potent benefit of research to economic development is the transformation substitution industrialization to export oriented industrialisation.

According to Elemo, it is on record that whereas Research and Development, R&grin investments in most European Union, EU and some Asian countries lies between 1.5 percent and three percent of the GDP, most developing countries invest much less than one percent of GDP in R&grin accounting for a meager 0.11 percent of GDP. The R&grin investments in Nigeria only accounts for 0.01 percent of global expenditure on R&grin. Consequently, Nigeria ranked 94 out of 134 nations in the global competitiveness index in 2010 and has no university ranked in the world’s top 500.

http://www.vanguardngr.com/2014/12/fg-privatise-railways-inland-waterways-6-others-2015/
Re: FG To Privatise Railways, Inland Waterways, 6 Others In 2015 by kossyablaze(m): 3:49am On Dec 18, 2014
Umuazia ji anyi eti play

9 Likes 4 Shares

Re: FG To Privatise Railways, Inland Waterways, 6 Others In 2015 by stinggy(m): 4:32am On Dec 18, 2014
No wahala, he'll soon be booted out so his dream of selling Nigeria won't come to pass..
I haven't seen an improvement on all the privatized sector, why add railways and waterways?

If only they can, they will privatize the air we breath. Silly things undecided

18 Likes

Re: FG To Privatise Railways, Inland Waterways, 6 Others In 2015 by egift(m): 4:55am On Dec 18, 2014
Jonathan selling off anything that is not nailed to the ground to his proxies and cronies since 2010.

VoteOutLooters

12 Likes

Re: FG To Privatise Railways, Inland Waterways, 6 Others In 2015 by signz: 5:48am On Dec 18, 2014
For those who don't want this privatisation, can you guys proffer a better solution than what Mr Dikki is saying here?

23 Likes 1 Share

Re: FG To Privatise Railways, Inland Waterways, 6 Others In 2015 by Nobody: 5:52am On Dec 18, 2014
stinggy:
No wahala, he'll soon be booted out so his dream of selling Nigeria won't come to pass..
I haven't seen an improvement on all the privatized sector, why add railways and waterways?
If only they can, they will privatize the air we breath. Silly things undecided


egift:
Jonathan selling off anything that is not nailed to the ground to his proxies and cronies since 2010.
VoteOutLooters



Internal colonialism by Hausa Fulani Yoruba must stop



signz:
For those who don't want this privatisation, can you guys proffer a better solution than what Mr Dikki is saying here?


They are complaining because he has taken away lots of their feeding bottles


Nigeria must be privatized and true federalism enthroned

44 Likes 2 Shares

Re: FG To Privatise Railways, Inland Waterways, 6 Others In 2015 by holatin(m): 10:03am On Dec 18, 2014
Soon them go privatise Nigeria to oyinbo.

or begin selling the states one by one.

Fake set of people.



Before I go
Vote buhari for president
vote buhari for better nigeria

11 Likes

Re: FG To Privatise Railways, Inland Waterways, 6 Others In 2015 by siraj1402(m): 10:03am On Dec 18, 2014
With the way this government is moving,nothing good and affordable will be left for common man before jona left for Otuoke by 2015.Se ápá atí arungun ni president wa ni?I beg na question o.

4 Likes

Re: FG To Privatise Railways, Inland Waterways, 6 Others In 2015 by j4sure(m): 10:03am On Dec 18, 2014
IK
Re: FG To Privatise Railways, Inland Waterways, 6 Others In 2015 by DesChyko(m): 10:03am On Dec 18, 2014
Hurry up then by all means.
Re: FG To Privatise Railways, Inland Waterways, 6 Others In 2015 by bunmioguns(m): 10:03am On Dec 18, 2014
hmmmm, nawa ooo









My Signature


wink
Re: FG To Privatise Railways, Inland Waterways, 6 Others In 2015 by lifestyle1(m): 10:04am On Dec 18, 2014
Re: FG To Privatise Railways, Inland Waterways, 6 Others In 2015 by InwehAkpevwe(m): 10:04am On Dec 18, 2014
If privatisation will profer a better solution then carry on!... #teamGodbless/helpNigeria#

3 Likes

Re: FG To Privatise Railways, Inland Waterways, 6 Others In 2015 by benedictjohn(m): 10:04am On Dec 18, 2014
eyah!!!
Re: FG To Privatise Railways, Inland Waterways, 6 Others In 2015 by kennosklint(m): 10:04am On Dec 18, 2014
Not bad at all

1 Like

Re: FG To Privatise Railways, Inland Waterways, 6 Others In 2015 by DonaldGenes(m): 10:05am On Dec 18, 2014
Good policy though but iHope they won't Also privatize our Vote too


Privatization is one thing and monitoring 'em is another thing...Look at PHCN with their ridiculous Bills and who are you gonna lay your complaints to?


grin

4 Likes

Re: FG To Privatise Railways, Inland Waterways, 6 Others In 2015 by lanxlot(m): 10:05am On Dec 18, 2014
some pple sha....u guys shud read d post again n quote Where de mentioned Jonathan's name, u search 4 evri opportunity to tarnish his names, dats jux 2 bad.......I Only saw THE FEDERAL GOVT UP DE.....nt president Jonathan.

2 Likes

Re: FG To Privatise Railways, Inland Waterways, 6 Others In 2015 by greatnow: 10:05am On Dec 18, 2014
PHCN that has been privatized,we have not seen any improvement.Please don't privatize when there is no good result coming out of it. The masses are suffering.
Re: FG To Privatise Railways, Inland Waterways, 6 Others In 2015 by condralbede(m): 10:06am On Dec 18, 2014
Good one...I need to hurry and purchase mine ASAP
Re: FG To Privatise Railways, Inland Waterways, 6 Others In 2015 by Smily202(m): 10:06am On Dec 18, 2014
Miss this one
Re: FG To Privatise Railways, Inland Waterways, 6 Others In 2015 by j4sure(m): 10:06am On Dec 18, 2014
j4sure:
IK
GEJ TILL 2018. GMB WAS ABT TO WIN UNTIL TINUB BECAME ANGRY. GEJ &PROF PATIENCE TILL 2018 NOT 2019
Re: FG To Privatise Railways, Inland Waterways, 6 Others In 2015 by Akshow: 10:06am On Dec 18, 2014
k
Re: FG To Privatise Railways, Inland Waterways, 6 Others In 2015 by horlakunle25(m): 10:06am On Dec 18, 2014
Hmmmmm!! Dats kul! We dey wait ooo!! Hope d result will be OK!
Re: FG To Privatise Railways, Inland Waterways, 6 Others In 2015 by Olaolufred(m): 10:07am On Dec 18, 2014
egift:
Jonathan selling off anything that is not nailed to the ground to his proxies and cronies since 2010.

VoteOutLooters

[size=28pt]YOU KNOW HE BROUGHT OLX.

SELL IT.
[/size]

1 Like

Re: FG To Privatise Railways, Inland Waterways, 6 Others In 2015 by Krucifax(m): 10:07am On Dec 18, 2014
It's a great development if they can actually see through. If they privatise these organisations they would in effect give them the opportunity to improve and develop. Privatisation brings in innovation and innovators. Privatisation brings in competition which forces the competitors to improve their products and services to get patronage from customers. It forces the products and services to be offered at competitive prices too. In the hands of government such organisations have no incentives to improve. The workers under government management will get the salary no matter what and there is a lot of corruption and wasteful bureaucracy.

16 Likes

Re: FG To Privatise Railways, Inland Waterways, 6 Others In 2015 by eaccyboy(m): 10:07am On Dec 18, 2014
Stop showing us 3D in nigeria I hate..we don't like fake things in Magodo GRA
Re: FG To Privatise Railways, Inland Waterways, 6 Others In 2015 by DesChyko(m): 10:07am On Dec 18, 2014
Any APC supporter that is against this 'CHANGE' should have his head examined.

Most of these outfits have been nothing to write home about and now that the management is about to be reversed, you want to be against it?

So much for wanting #CHANGE.

17 Likes

Re: FG To Privatise Railways, Inland Waterways, 6 Others In 2015 by miqos02(m): 10:07am On Dec 18, 2014
privatisation again?

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