Bill To Prevent Commercialisation Of Ajaokuta Steel Company Passes Second Reading - Rave 91.7 FM
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Bill To Prevent Commercialisation Of Ajaokuta Steel Company Passes Second Reading

Bill To Prevent Commercialisation Of Ajaokuta Steel Company Passes Second Reading

The House of Representatives on Thursday passed for the second reading, a bill for an Act to amend the Public Enterprise (Privatisation and Commercialisation) Act to review the list of enterprises to be privatized. The bill which was sponsored by the Chairman, House Committee on Public Petition, Hon. Nkem Abonta and 300 others, seeks to delete the Ajaokuta Steel Company from the list of enterprises to be commercialised. Leading the debate, Abonta said the amendment was necessary because a bill seeking to provide funds for the completion of the steel company was already on the floor of the house. He explained that for the bill to seeking the completion of the company to achieve its aim, there was need to prevent the company commercilisation. In his contribution, Hon Aminu Shagari said it is the people right of the people to decide which public asset should be commercialised or privatised. He said as representatives of the people, “we want the steel company completed and not commercialised or privatised.” After the long title of the bill was read by the Clerk of the house, Mr Abdulahi, the Speaker of the house, Mr Yakubu Dogara forwarded the bill to the Committee of the Whole for further legislative actions.

Credits: www.leadership.ng

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