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Edo commences privatisation, commercialisation of state-owned firms
  • Post by Admin on sunday, March 05, 2015

The Edo State Governor, Godwin Obaseki, on Tuesday inaugurated a 10-man Technical Committee on Privatisation and Commercialisation (TCPC), to take inventory of all non-operational enterprises owned by the state government and provide guidelines for their privatisation and commercialisation.

Inaugurating the committee, Obaseki said it would be chaired by the Deputy Governor, Comrade Philip Shaibu. Obaseki said the mandate of the committee is to visit the sites of the state-owned enterprises to identify those that require urgent restructuring through commercialisation, privatisation or partnership, urging them to carry out due diligence on the status of the identified enterprises.

"The committee will make recommendations for the review of the TCPC law and appoint the Public Private Partnership Office as a standing and ad hoc committee to facilitate the performance of its functions," he said.  The committee chairman, represented by the Commissioner for Wealth Creation, Cooperatives and Employment, Hon. Emmanuel Usoh.

Photo Caption: Godwin Obaseki Governor Of Edo State

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