Ayade succumbs to pressure, shelves plan to privatize industries | The Guardian Nigeria News
Cross River State Governor Ben Ayade said the state government had abandoned plans to privatize more than 30 industries built by his administration.
The governor, who revealed this during the year-end media interaction in his office, said he made the move in response to some people who opposed it.
Some of the industries include the State Garment Factory, State-of-the-Art Rice Mill, Cocoa Processing Factory, Rice Seed and Plant Factory, Noodle Factory and CallyAir, an airline owned by the ‘State and a few others.
Recall that three months ago, the state conducted an opinion poll on industries dispersed in the three senatorial districts of the state.
Ayade said that while most of the state’s natives are in favor of privatization, a few have nonetheless given negative connotations to the plan.
He said, “So we are trying to put in place a structure that is more like a management system. I had a referendum. For the first time, the government is submitting its decision to a referendum. Despite the fact that there is a provision in the privatization law of 2007, I have decided to withdraw my powers and allow five percent of public opinion to prevail, that is, we should not privatize any of those industries.
Recalling a discussion he had with his father about public service, he said name, please don’t belittle him. So Ayade will not be counted among those who sold government assets; that’s why I’m not going to privatize.
“So let whoever becomes the next governor decide what happens to him, but my job is done.” I have functional factories. I will only put in place a temporary management structure pending the arrival of the new government.
“It’s not the right decision, but it’s the right decision. It’s not just because for the prosperity of these factories we have to send them to the private sector for people to invest more money, but it is the right decision because it is politically the right thing to do. , otherwise you will say that Ayade sold them to his friend, his brother, his uncle or his sister.