FG Begins Move To Privatise Transport Sector

Moves to begin the
privatisation of the transport sector of the economy have started with the initiation of he relevant bills that will shape the sector.
The passage of the bills into law by the National Assembly will ensure that the legal framework to embark on the privatisation of the transport sector is not bedeviled with the ills that trail the concession of the nation’s seaports.
The Director General, Bureau of Public Enterprises (BPE), Mr Benjamin Dikki dropped the hint in a chat with reporters in Abuja, according to a statement issued by the bureau’s acting Head, Public Communications, Mr Alex Okoh.
He said the privatisation process of the critical sector would begin as soon as all the necessary legal and regulatory frameworks had been put in place by the bureau.
Dikki maintained that once this was done, the transport sector would become a viable investment destination for investors within the country and across the globe.
Giving an insight on why the  bureau is driving the regulatory and legal frame works ahead of the transport sector privatisation , Dikki said. “We do not want to repeat the mistakes we made during the port reforms”.
According to him, before embarking on the reform of any sector, “we will ensure that the legal and regulatory frame works are in place. That is why for the transport sector, we have all the seven draft bills undergoing an approval process by the Federal Executive Council (FEC),  after which they will be transmitted to the National Assembly for passage. From the assurances we are getting from the various stakeholders, these bills will be passed soon”.