Debate Continues Over Privatisation Outcomes Under Atiku’s NCP Leadership

The Tinubu Media Support Group (TMSG) has raised concerns about remarks made by former Vice President Atiku Abubakar regarding his role in the privatisation of Government-Owned Enterprises (GOEs).

In a statement signed by its Chairman, Emeka Nwankpa, and Secretary, Dapo Okubanjo, the group stated that Atiku’s response to comments by President Bola Tinubu on his tenure as Chairman of the National Council on Privatisation (NCP) did not fully address the issues raised.

According to TMSG, President Tinubu’s remarks reflect perspectives shaped by his involvement in governance during that period. The group noted that the privatisation programme carried out under former President Olusegun Obasanjo has, over time, attracted varying interpretations, including concerns about implementation and outcomes.

TMSG further observed that while Atiku’s response highlighted selected examples of privatisation efforts, it did not comprehensively address broader questions about the programme. The group suggested that a more detailed clarification of the processes and outcomes could contribute to a clearer understanding of the issues raised.

The statement also referenced specific enterprises such as Delta Steel Company (DSC) Aladja and Ajaokuta Steel Company, noting that discussions about their privatisation and subsequent performance continue to generate public interest. It pointed to past legislative reviews and official comments that have raised questions about aspects of the transactions.

In addition, TMSG mentioned other previously state-owned enterprises, including Nigerian Telecommunications Limited (NITEL), its mobile arm M-Tel, and the Aluminium Smelter Company of Nigeria (ALSCON), noting that their post-privatisation trajectories have been subjects of ongoing debate.

The group concluded by emphasizing the importance of continued public discourse and historical reflection in assessing the outcomes of past economic policies, including privatisation initiatives.