President Muhammadu Buhari yesterday said greater
consideration would henceforth be given to the technical and managerial
competence of prospective buyers of government-owned companies.
He said a higher premium would be placed on the technical
competence and financial clout of bidders in future privatisation exercises to
avoid the running aground of privatised companies by ill-equipped and incapable
investors.
Buhari was speaking at the Aso Rock Presidential Villa in
Abuja while receiving Peugeot’s Executive Vice President for Africa and the
Middle-East, Mr. Jean-Christophe Quemard.
President Buhari was briefed on plans by Peugeot to stage
a comeback to Nigeria after the collapse of the privatisation of Peugeot
Automobiles Nigeria Limited.
Reiterating his administration’s commitment to the
privatisation and commercialisation policy of the Federal Government, he said
privatisation could only succeed and yield desired benefits if buyers of government-owned
companies possess essential skills and resources.
The Senior Special Assistant to the President on Media
and Publicity, Mallam Garba Shehu, quoted Quemard to have earlier assured
Buhari that Peugeot was ready to reinvest in vehicle assembly in Nigeria,
provided the right indigenous partners are found.
No comments:
Post a Comment