FG advised to extend privatisation to other sectors

By admin on 18/10/2014

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Director General of the Nigeria Employers' Consultative Association (NECA), Segun Oshinowo, yesterday in Lagos, at a press briefing, supported the Federal Government to extend its hands of privitisation to other sectors of the economy.

Seeing it as a true sign of free enterprise, he believes it has become necessary since it worked some wonders in other sectors of the Nigerian economy such as was the case with the telecommunication and the ports.

His words: “We belief in privitisation, it is the direction to go, we can see the notable outcomes in other sectors of the economy, it has gone well with telecommunications, and the port reforms have gone pretty well. I think we should dig in and extend it to other sectors of the economy.

“Privitisation will be used in free enterprise. In the short term there will be incomes but the duration will be in the medium of long term and short terms, it still remains our first bus stop” He stated.

Oshinowo specifically urged the government to privatise the country’s refineries, and airports as it did to other sectors, describing privitisation as the best way to get better services from them. “How well is the government running the refineries?’ he queried ‘those refineries have no business in the hands of the government. We are asking government to privatise our airports, we can get better outcome from private sector operators than what we are currently experiencing” Oshinowo said.

He went further to commend the federal government on its local policy on employment saying it was quit commendable because it has benefited many Nigerians. According to him, “the local policy the government has put is quite commendable, local content policy oversees all the ideas; you can see through its employment (that) Nigerians have benefited from it”.

He also explained that government should find ways of replicating the policy in other sectors of the economy as well. “Now given the success of that policy, the question we should be asking ourselves is how to replicate this policy in other sectors, because there should be sartorial approach where we ask ourselves what is it that we can do on our own in this country that will unleash economic activities, and it is only when we unleash the economic activities that we can create jobs by looking at other sectors of our economy” he stated.

In moving Nigeria forward, he said, “we believe the role of government is to serve as a regulator, (by creating an) enabling environment so that fairness and equity will be achieved.

“There are three factors responsible for any government to move forward, and they are ‘availability, existence of appropriate and effective institutions, appropriate policies that is important for pushing development, where sanity must be generated and also in a situation where the policies are inconsistent, Nigerians should be able to ask themselves if they have really done well.” He stated.


Posted on October, 18 2014

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