Privatisation
NUT: Nigerian government not interested in curbing insecurity
The 1st Vice President of the Nigeria Union of Teachers, Mr Kayode Akosile, has said insecurity is getting worse at schools and other places in the country because the government is not seriously invested in curbing the situation. Akosile said government could as well use the money being embezzled and wasted on other not too important things to combat insecurity in the land. The NUT boss said this while speaking with journalists in Ibadan on Tuesday on the sidelines of a workshop on privatisation and commercialisations of education organised by NUT in partnership with International and Friedrich Ebert Stiftung Foundation. He said teachers and students’ minds were no longer at rest while in schools, saying the future of the nation was already in jeopardy. He said everything should be done t...
Nigerian government mulls TCN’s unbundling, partial concession to boost power supply
The federal government is considering the unbundling and partial concession of the Transmission Company of Nigeria (TCN) to boost its efficiency in the government’s bid to improve power supply. Director, Energy, Bureau of Public Enterprises (BPE), Mr. Yunana Malo, said during the March edition of “the Electricity Hub” conversation series on power that the National Council on Privatisation (NCP) had directed that a proper strategy should be mapped out for the unbundling of TCN. He stated that the government believed that all the players in the energy value chain should be able to align with the needs of the power sector seamlessly, adding that the right environment is being created for the transmission component to match generation and distribution. Malo said data was key to making decision...
TUC opposes sale of Port Harcourt refinery
File Photo The Trade Union Congress (TUC) is opposed to the sale of the Port Harcourt Refinery as canvassed by many Nigerians, its secretary-general, Musa Lawan, has said. The Federal Executive Council last week approved $1.5 billion (about N600 billion) for the rehabilitation of the 210,000 barrels per day refinery. The FEC approved the amount at its virtual meeting presided by President Muhammadu Buhari. The approval came amidst a controversial price increase in the pump price of petrol that was later reversed. Although Nigeria has four refineries, all government-owned, it currently imports virtually all its refined petroleum products. The approval for the Port Harcourt Refinery was greeted with mixed feelings as the country in the past spent billions of dollars on refinery maintenance w...
SEC: Governments can unlock potentials by privatisation
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