‘Sale of state-owned moribund firms in public interest,’ Bauchi govt replies APC

The Bauchi State authorities has defended its choice to promote six state-owned moribund corporations.

The state authorities on Tuesday introduced the leasing of Zaranda Lodge and Wikki Lodge on the sum of N1.2 billion and N200 million respectively for a interval of 25 years.

The federal government additionally deliberate to lease Bauchi Fertiliser and Mixing Plant at N400 million and Bauchi Meat Manufacturing unit for N301 million.

Others are the Bauchi Furnishings Firm (N150 million) and Galambi Cattle Ranch (N150 million).

The All Progressives Congress (APC) on Friday questioned the federal government’s choice to personal the firms and requested the Financial and Monetary Crimes Fee (EFCC) and the Unbiased Corrupt Practices and different Associated Offences Fee (ICPC) to cease the transaction.

The get together, due to this fact, issued a two-week ultimatum to the federal government to drop the choice or face authorized motion.

READ ALSO: Management disaster hits Bauchi APC, as teams name for sack of state chairman

The Secretary to the State Authorities, Mr. Ibrahim Kashim, who addressed journalists at a information convention in Bauchi on Saturday, nonetheless, stated the choice was in the very best curiosity of the folks.

He added that the leasing of the businesses was half of a realistic method by Governor Bala Mohammed’s administration to resuscitate the moribund corporations to renew operations.

The SSG insisted that the state authorities deliberate to privatise extra of such ailing industries, together with the Yankari Video games Reserve.

Kashim stated: “Yankari is certainly one of the areas of concern. We’re eager about Yankari as a result of Bauchi State is meant to be a Pearl of Tourism, and we need to maximise our capability.”

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