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Gov Fubara wants Rivers cut in assets in the state during privatisation

Written by silvernewsng

By Ignatius Chukwu 

The Gov Sim Fubara has made it clear Rivers State must be allowed to have a cut in federal assets in Rivers State up for sale. 

The governor made the assertion when he received on courtesy visit, a delegation of the Senate Committee on Privatisation and Commercialisation, led by its Chairman, Senator Orji Uzo Kalu, to Government House in Port Harcourt on Wednesday. 

The governor told members of the committee to factor in the interest of Rivers State as they recommend the privatisation and commercialisation of public companies, saying that when the State buys stakes in such companies, it can be protected and supervised to be viable. 

“I will also appeal to you that in this process of privatisation, anything that has to do with our own State here that needs to be privatised, the Rivers State Government will be interested.  

“Because you can’t come here and own our property when we have the resources to have shares or to acquire some portion of it.  

“So, as a committee, if there is anywhere you can support us; if they is anyone that is still available, let us know, and let us get the details so that we can own it.  

“It is only when we own it that those assets can be protected. It is only when we own it, that is when those assets become viable to the State, and also become viable to the Federal Republic of Nigeria,” he noted. 

In his address, Chairman, Senate Committee on Privatisation and Commercialisation, Senator Orji Uzo Kalu, said they were in Rivers State to carry out oversight duties on some projects under their purview. 

Senator Kalu, who is the member representing Abia North Senatorial District, commended Governor Fubara for his love for peace, determination to offer quality governance and keep pace with providing the right climate to engender economic growth to all residents in the State. 

He pledged the readiness of the committee to work with the State Government to achieve mutually beneficial goals that will advance the interest of all Nigerians, adding that the hardship in the land was already enough burden that leaders need to concentrate efforts to address to promote growth and prosperity for all.  

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