SACHOL privatisation a success story, says BPE
The Director General of the Bureau of Public Enterprises (BPE), Alex A. Okoh, has described the Skyway Aviation Handling Company Limited (SACHOL), as one of the success stories of the privatisation programme, adding that the dynamics behind this success could be replicated in other enterprises.
According to him, “essentially, we want you to know that we are quite pleased with the progress SAHCOL has made so far, which goes to justify the principles of privatisation.”
On the transaction method adopted in privatising SAHCOL, Okoh explained that full privatisation method was selected in order to ensure that the company had ample opportunity to optimise quality of service delivery devoid of government interference.
The BPE boss made these observations when he recently undertook a post-privatisation monitoring tour of SAHCOL facilities at its headquarters in Lagos.
The facility tour reflected the findings of post-privatisation monitoring reports by officials of the Bureau, and an adherence to Share Purchase Agreement (SPA) by the core investor. He lauded the management of SAHCOL for efforts made to boost efficiency of service.
The Managing Director of SAHCOL, Rizwan Kadri, expressed appreciation for the BPE’s unwavering support for the company since its privatisation, and pledged to keep up with the standards as well as continued collaboration with it.
He added that SAHCOL, being an aviation ground handling company, has ensured continuous upgrade in passenger handling, ramp handling, cargo handling and warehousing, aviation security by deploying appropriate tools.
SAHCOL was handed over to the Sifax Group in December 2009, following its privatisation by the Federal Government of Nigeria.