The House of Representatives has resolved to constitute an ad hoc committee to ensure that the Federal Government receive its entitlement from commercialised public enterprise.
The resolution followed the adoption of a motion by Rep. Mukhtar Ahmed (APC-Kaduna) at plenary on Wednesday.
Speaking, Ahmed recalled that the government embarked on Privatisation and Commercialisation of Public Enterprise some years back.
He explained that the aim was to introduce private sector resources and discipline, create jobs and reduce the burden of funding the public enterprise on the nation’s treasury.
According to him, the federal government still has shares in some of the enterprises and is therefore entitled to dividends.
“Aware that some of the assets, cash and residual shares in privilatised public companies like NlCON insurance, Nigerian Re—Insurance and Nicon Luxury Hotels are already taken over by AMCON over acquisition of loans,” he said.
Ahmed said that the investigation was necessary as the federal government needed all resource available to finance the 2021 budget.
In his ruling, the Speaker of the House Femi Gbajabiamila said that the committee, when inaugurated should report back to the House within eight weeks for further legislative actions.(NAN)
