Economic experts have advised the Federal Government to liberalize and privatize all infrastructure to sustain the post recession and have a strong foreign reserve to attract foreign investors to Nigeria. They also contended that instead of raising foreign loans to pay debts, government could realise over $500b from privatization of assets in five years.

The experts, who spoke at the monthly seminar of the Ibadan School of Government and Public Policy (ISGPP), titled, “Transiting from Bust to Boom: Fiscal, Financial and Infrastructure Options” bemoaned various government properties, rotting away in different parts of the country and wondered why such assets could not be utilized to raise funds.

Presenting a lead paper at the Seminar, the Chief Executive Officer (CEO), Economic Associates, Dr Ayo Teriba noted if “breaking government monopoly by licensing new entrants have worked in the telecoms sector, it confirms it can also work in the rail and road transport, health, education and sports”.
By liberalizing some sectors, embracing joint ventures as done in the oil and gas sectors and partially or wholly privatizing assets, government will realize the revenue needed to shore up foreign reserves, boost non-oil revenue, build more infrastructures and also widen access to finance for the Nigerian business people.

http://www.akelicious.com/2018/02/experts-advise-fg-on-post-recession.html

In my Opinion

Privatization does not work for Nigeria , Unless Govt will control the prices to consumers

Taking PHCN as a case study , This administration paid them bailout at least twice then they billed FG Billions in electricity charges ( from past administration as well )

Undeniably power has improved in recent times, but guess who has been paying for it ? Same FG , I have paid for prepaid over a year , i have not gotten the metre yet


The random and over inflated bills is still the norm for their staffs


Considering issue of Petrol as well , NNPC being the sole importer of PMS has been selling to marketers at 133/L

The cheapest i have bought fuel since january is 160 apart from Bovas or NNPC ,

Government can not control private business , if it tries (just like with PMS) marketers will make Nigerians suffer even more and then all blame goes to Buhari as usual


I am not against licensing or introducing competitive markets though

Good