Business
Give Priority To Competence, Jonathan Urges BPE
President Goodluck Jonathan has directed the Bureau of Public Enterprises (BPE) to ensure competence, capability and capacity in all privatisation decisions.
Briefing State House correspondents in Abuja on Friday, the Special Adviser on Media and Publicity to the President, Mr. Ima Niboro, said the president considered privatisation as a laudable initiative of the government aimed at growing the economy.
He said the president was disturbed because many of the privatised companies were not doing well.
“In fact, many of them don’t seem to have fared better in private hands than they did when they were in government hands.
“Apart from one or two, maybe the Eleme Petrochemicals, others have not done very well, and the question is why,’’ he asked.
“What guided the investment decisions about these companies? It would appear that there were considerations other than competence and capacity in the final investment decisions that were taken,” Niboro added.
He said the president had directed that no other considerations like politics and influences should be admitted in privatisation decisions.
“The President is going to be firm on these decisions; he is going to be strict and will monitor it directly,” Niboro said.
On the privatised companies that were not doing well, Niboro said the government would design a mechanism to assist them to perform better.