Thursday, 22nd February 2024

Shettima tasks privatisation council on Tinubu’s renewed hope agenda

By Terhemba Daka, Abuja
09 December 2023   |   5:20 am
Vice President Kashim Shettima has implored new members of the National Council on Privatisation (NCP) to station themselves on the frontline of actualising the administration’s Renewed Hope Agenda. 

Vice President Kashim Shettima (left); President Bola Ahmed Tinubu and Director General, National Institute for Policy and Strategies Studies (NIPSS), Prof Ayo Omotayo making a presentation to the president during a visit to the State House, Abuja… yesterday PHOTO: PHILIP OJISUA

Vice President Kashim Shettima has implored new members of the National Council on Privatisation (NCP) to station themselves on the frontline of actualising the administration’s Renewed Hope Agenda. 

Shettima reminded members of the council that their appointment is a privilege to serve the nation by contributing to the socio-economic development the administration has promised to deliver. 
He stated that to do this, the council members must champion great reforms through disruptive minds and ideas, even as he noted that every great reform commences with a disruptive thinker, which, he said, President Bola Ahmed Tinubu symbolises. 
The Vice President, who spoke yesterday while inaugurating the newly constituted NCP at the Presidential Villa, Abuja, said President Tinubu’s choice of the council’s membership is a reminder of what it can achieve with fresh ideas. 
Noting that membership of the council is as crucial as its mission, Shettima, who is also the Chairman of the council, observed that the diverse talents and depth of experience of persons approved as members of the council by President Tinubu speaks volume of their abilities to deliver.  
“Membership in this distinguished council symbolises more than mere participation; it signifies a steadfast commitment and a resolute belief in our shared vision for a Nigeria brimming with opportunities, growth and empowerment. It represents our collective pledge to propel the economy forward, build robust infrastructure, forge pathways to employment and nurture an environment where productivity flourishes.

“By his approval, Mr. President has entrusted us with the strategic national assignment of piloting the nation’s economic sector reform, privatisation, commercialisation and Public-Private Partnership (PPP) programmes for the next four years. 
“Distinguished ladies and gentlemen, today’s inauguration invites us to take a front seat in the effort to actualise the Renewed Hope agenda of this government. Every great reform starts with a disruptive thinker, and President Bola Ahmed Tinubu stands as a testament to this fact, reminding us of what we can achieve by infusing fresh ideas into this council. 
“This gathering underscores our drive towards economic rejuvenation and liberalisation by unlocking the immense potential of Nigeria’s economy, with reforms, PPPs and privatisation at the forefront,” Shettima noted.
He urged members of the council not to rest on their oars in “ensuring accelerated growth of the economy, providing infrastructure, creating jobs and providing an enabling environment for productive activities to flourish”, as they leverage the nation’s enormous resources for the benefit of Nigerians. 
The Vice President pointed out that their duty is to execute the statutory responsibilities of the council in line with the Public Enterprises (Privatisation and Commercialisation) Act 1999. 
He listed the council’s objectives to include “approving policies on privatisation and commercialisation; approving guidelines and criteria for the valuation of public enterprises and choice of strategic investors; approving the prices for shares or assets of the public enterprises to be offered for privatisation; approving the legal and regulatory framework for the reform of public enterprises.” 
Others are “reviewing, from time to time, the socio-economic effect of the privatisation and commercialisation programme and deciding on appropriate remedies; appointing committees comprising persons from the private and public sectors with requisite technical competence to advise on the privatisation and commercialisation of specific public enterprises.” 

With him as chairman and the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, as vice chairman, the Shettima named members of the newly inaugurated NCP to include Attorney General of the Federation and Minister of Justice, Lateef Fagbemi (SAN); Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu; Minister Industries, Trade, and Investment, Dr. Doris Anite; Secretary to Government of the Federation (SGF), Sen. George Akume and Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso. 
Others are Special Adviser to the President on Economic Affairs, Dr. Tope Fasua; Mr. Oluwole Oshin (Private Member); Mal. Mohammed Mustapha  (Private Member); Mr. Olayiwola Yahaya (Private Member); Mr. Akwa Effion Okon (Private Member) and Director General, Bureau of Public Enterprises (BPE), Mr. Alex Okoh, as Secretary. 
In his response, Minister of Finance and Vice Chairman of the Council, Edun, thanked Shettima for inaugurating the council. The minister noted that a cursory look at the 2024 Appropriation Bill indicates that privatisation is among areas the government is relying on to fund the budget and grow the economy. 
“But we do have the scope to go back to the National Assembly in the event that we find that we can actually do more. “I would just like to thank the Chairman, National Council on Privatisation, His Excellency, Kashim Shettima, and all of you as members in advance for the critical tasks that we have to carry out. 
“And I will just end this brief vote of thanks, if I may, by re-emphasising the strategy, the policy and, indeed, the objective of Mr. President, His Excellency, President Bola Ahmed Tinubu,” Edun stated.