Thursday, 12 February 2015

Nigeria: Govt to privatise transport sector

Mr. Benjamin Dikki
Mr. Benjamin Dikki

The privatisation of the  transport sector would soon begin, Director-General, Bureau of Public Enterprises (BPE), Mr. Benjamin Dikki, has said.

In a statement in Abuja, the bureau’s Acting Head, Public Communications, Mr. Alex Okoh, said the process would begin as soon as the necessary legal and regulatory frameworks were put in place.

According to the statement, once this is done, the transport sector will become a viable investment destination for investors from across the globe. It noted that the bureau was concerned with the viability of the transport sector because it was critical to the growth of the nation’s economy.

“We don’t want to repeat the mistake we made during the port reform. Before embarking on the reform of any sector, we will ensure that the legal and regulatory frameworks are in place.

“That is why for the transport sector, we have all the seven draft bills undergoing approval process by the Federal Executive Council (FEC), after which they will be transmitted to the National Assembly for passage. From the assurances we are getting from the various stakeholders, these bills will be passed soon,” the statement said.

By: Chikodi Okereocha


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