FG Inaugurates National Council On Privatisation

Vice President Kashim Shettima has inaugurated the newly re-constituted National Council on Privatisation (NCP) with a charge on members to champion the road to the economic prosperity of the nation.

Inaugurating the council at the State House in Abuja, Shettima advised the new members to fully embrace the federal government’s promise to propel the economy into one with opportunities, growth, and empowerment.

The vice president stated that membership of the NCP is as crucial as its mission, hence the diversity of talents and profundity of experience of members approved for inauguration by President Bola Tinubu.

In a statement issued on Wednesday, head of public communications at Bureau of Public Enterprises, Amina Tukur Othman quoted Shettima as saying that Tinubu has entrusted the NCP with the strategic national assignment of piloting the nation’s economic sector reform, privatisation, commercialisation, and public-private partnership (PPP) programme for the next four years.

The NCP is statutorily mandated to determine, formulate strategic plans, and approve policies on reforms of various sectors of the economy, as well as articulate a clear vision to drive the economy for the political, economic, and social well-being of all Nigerians, through the optimisation of government-owned entities and assets.

The council is chaired By Senator Shettima, while minister of finance and coordinating minister of the economy, Wale Edun is vice chairman.

Members of the council include Attorney-general of the federation, Lateef Fagbemi; minister of budget and economic planning, Abubakar Bagudu; minister of Industries, trade, and investment, Dr Doris Anite; secretary to the government of the federation, George Akume; governor, Central Bank of Nigeria, Dr Olayemi Cardoso and director general of Bureau of Public Enterprises, Alex Okoh will serve as its secretary.

“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,” Shettima stated.

He urged the members to view their appointment to the council as a privilege to serve the nation by contributing to the socio-economic development of the nation and accelerated growth of the economy through the provision of infrastructure, job creation, as well as creating an enabling environment for productive activities to flourish while leveraging on the enormous human and natural resources for the benefit of our people.