Reps To Ensure FG Receive Benefits From Commercialized Public Enterprises

11 February 2021 by Aisha Adesanya

The House of Representatives has constituted an ad hoc Committee to ensure that the Federal Government receive its entitlements from commercialised public enterprises.

This is the resolution of a motion moved under matters of urgent National importance by Mukhtar Ahmed from Kaduna State.

In his lead debate the lawmaker explained that the Federal Government had embarked on Privatisation and Commercialisation of Public Enterprise years back, to introduce private sector resources and discipline, create jobs and reduce the burden of funding public enterprise from the nation’s treasury.

According to him, the Federal Government still has shares in some of these enterprises and should therefore be entitled to dividends accrued from their activities.

“Aware that some of the assets, cash and residual shares in privilatised public companies like NlCON insurance, Nigerian Re—Insurance and Nicon Luxury Hotels are already taken over by AMCON over acquisition of loans,”

Ahmed said that the investigation was necessary as the Federal Government needed all resources available to finance the 2021 budget.

Ruling on the motion the Speaker, Femi Gbajabiamila said the adhoc committee, should report back to the House within eight weeks for more legislative imputs

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