Edo gov commences privatisation, commercialisation of state-owned firms

The Edo State Governor, Godwin Obaseki, yesterday, inaugurated a 10-man Technical Committee on Privatisation and Commercialisation (TCPC), to take inventory of all nonoperational 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, assured that the committee will work in line with the provisions of the law and economic agenda of the state government.

Other members of the committee are, Speaker, Edo State House of Assembly, Rt. Hon Kabiru Adjoto; Commissioner for Finance, Osagie Inegbedion; Commissioner for Infrastructure, Osahon Amiolemen; Commissioner for Wealth Creation, Cooperatives and Employment, Emmanuel Usoh; and the State Attorney General and Commissioner for Justice, Prof (Mrs.) Yinka Omorogbe, among other