A Review of the Nigerian Energy Industry

Why govt needs to privatise Ajaokuta, Delta Steel – Sen. Murray-Bruce

…Says Senate won’t reverse power privatisation

*Ajaokuta Steel plant

Oscarline Onwuemenyi
13 December 2017, Sweetcrude, Abuja – The Chairman of the Senate Committee on Privatisation, Senator Ben Murray-Bruce, has said the senate was not out to victimise anybody or to reverse the privatisation of companies.

Murray-Bruce, who stated this when he led a team of the Senate Committee on Privatisation on a visit to Dana Steel Limited, stressed that the privatisation of companies, particularly those in the power sector, could not be faulted, maintaining that it was well done.

He said, “Why should we want the privatisation to be reversed. With the privatisation of companies such as Delta Steel company, Ajaokuta Steel Company, the federal government gets money to spend on other needs such as roads, health, etc. Our interest is to get jobs for more Nigerians through privatisation.”

He said the committee was currently on a tour of privatised companies across the country with a view to having on the spot information and assessment of how the companies were performing.

Senator Murray-Bruce added that whatever their findings were, they would be made public.

According to him, “The Senate set up the committee on privatisation. We are currently on tour of Nigeria to look at privatised companies. Our recommendations on such companies would be made known to the senate and Nigerians. We, at the senate, are not out to victimize anybody or reverse the privatization.

“While people are entitled to their opinions, I believe that the privatisation process especially in the power sector was perfectly done. It cannot be faulted. But what we are saying is that we should find business solutions to our economic problems. To fight business persons away in recession is madness.”

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