The House of Representatives Committee on Privatisation and Commercialisation, says the Privatisation of the Federal Government-owned entities, companies and properties is the only best options to drive the nation’s economy and boost revenue generation.
The House insisted that the private sector is better placed to do better things that the Federal Government finds difficult to do well.
Vice Chairman, House Committee on Privatisation and Commercialisation, Hon Victor KoladeAkinjo, disclosed this in Port Harcourt during the committee’s tour of facilities at the Rivers Port Complex as part of its constitutional oversight function.
Hon Akinjo said the Port Complex tour was in furtherance to its legislative responsibility to oversee entities owned by the Federal Government and make recommendations where necessary.
The federal lawmaker who represents Ilaje South, Ondo State said “the Committee is here to check how the entities are doing, how the operators are doing and how the regulators are also doing”
The nine-man committee who visited facilities at the Ports and Terminal Operators Limited ( PTOL) and BUA Ports and Terminals Limited said they were satisfied with the level of transformation in the Complex.
“We have seen the functionality and efficacy in the meetings with the stakeholders and operators, we have noticed the improvement in the terminals, from when it was taken over to the present day”, he said.
The chairman assured the regulators and operators that the committee would address some of the bottlenecks noticed in the sector.