• Senate gives FG condition for privatization of airports

    Senate gives FG condition for privatization of airports

    The Nigerian Senate has given a condition for the approval of plans by the Federal Government to concession four international airports, stating that government must probe the controversy trailing the concession of Murtala Mohammed International Airport (MMA2) Ikeja, Lagos to Bi-Courtney Aviation Limited.

    Senator Ben Murray-Bruce, Chairman Senate Committee on Privatisation, who stated this in Lagos at a Press conference on Monday, decried the refusal of the government to honour the terms of the concession deal it had with Bi-Courtney in 2006, […]

  • How and Why Abacha blocked privatization of NNPC in 1993 – Ex-Minister reveals

    How and Why Abacha blocked privatization of NNPC in 1993 – Ex-Minister reveals

    Former Minister of Finance, Dr. Shamsuddeen Usman, has said the current challenges plaguing the nation’s petroleum sector would have been a thing of the past had late Gen. Sani Abacha not halted the privatization of the Nigerian National Petroleum Corporation, NNPC, after taking over power in 1993.

    Shamsudeen who spoke in Abuja, yesterday, at the inauguration of a study group on giving voice and voting power to retail shareholders in the country, said, “The biggest problem of this country is lack […]