Taraba set to sell off government companies to private investors
Ezekiel Iliya, the managing director of Taraba Investment and Property Development, says the government will privatise more of the state’s companies to build new ones.
Mr Iliya spoke on Wednesday while speaking to reporters in Jalingo, explaining that the agency’s function was to build government corporations and transfer them to private investors when they were fully developed.
“We are not selling the company entirely but to transfer ownership structure from the government to private individuals. We are selling 75 per cent of its shares, and 25 per cent will be owned by the government.
According to him, privatisation is the most common policy to sustain any public business.
He said Taraba Beverages Nigeria Ltd., producers of Highland Tea, would be privatised soon.
The managing director also said the government intended to privatise its shares and equity to develop more companies.
Mr Iliya also announced that the repairs on the Green House, producers of Taraba Vegetables, had begun, preparatory to its privatisation.
We will ensure that it’s capable hands that will take over the company to ensure its sustainability,” he added.
The managing director commended Governor Darius Ishaku for his vision of industrialising the state.
Share your thoughts on the comments section
0 Comments