Emir Sanusi to FG: Don’t pri­va­tise trans­port in­fra­struc­ture

Daily Trust - - BUSINESS - By Chris Agabi

The Emir of Kano, Muham­madu Sanusi II, has warned the gov­ern­ment against the temp­ta­tion of out-rightly sell­ing of crit­i­cal gov­ern­ment trans­porta­tion in­fra­struc­ture across the coun­try cit­ing se­cu­rity con­cerns and eco­nomic loses as likely con­se­quences of do­ing so.

In the wake of in­ef­fi­ciency and lack of suf­fi­cient gov­ern­ment in­vest­ments into crit­i­cal trans­porta­tion in­fra­struc­ture like high­ways, rail­ways, air­ports and sea­ports, the gov­ern­ment has be­ing con­sid­er­ing sell­ing off some of its trans­ports as­sets to pri­vate sec­tor in­vestors.

The emir in his keynote ad­dress yes­ter­day at the Fed­eral Min­istry of Trans­porta­tion stake­hold­ers work­shop on ‘road trans­port man­age­ment and mass tran­sit op­er­a­tions in Nige­ria’ in Abuja yes­ter­day said whilst pri­vate sec­tor cap­i­tal is nec­es­sary to close the gap in trans­porta­tion in­fra­struc­ture deficit, the gov­ern­ment must re­tain own­er­ship while al­low­ing win­dows for the pri­vate in­vestors top re­coup their in­vest­ments plus in­ter­ests.

“Crit­i­cal trans­porta­tion in­fra­struc­ture like roads, rails, sea ports, air­ports must be­long to the pub­lic while al­low­ing pri­vate in­vestors to re­coup their in­vest­ments. That bal­ance is crit­i­cal in go­ing into part­ner­ships and ne­go­ti­a­tions. “

Also speak­ing, the Min­is­ter of Trans­porta­tion, Mr. Ro­timi Amaechi de­cried lack of a work­able trans­porta­tion pol­icy in Nige­ria and chal­lenged par­tic­i­pants to evolve a work­able doc­u­ment at the work­shop.

He also tasked the work­shop to re­de­fine mass tran­sit op­er­a­tions in Nige­ria, short medium and long term poli­cies to ad­dress chal­lenges in the road trans­port seg­ment and evolve mech­a­nisms for non­mo­tor­ized trans­port sys­tems like cy­cling and walk­ing.

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