Politics
Just In: Vice-President Kashim Shettima Urges Newly Inaugurated National Council On Privatisation To Advance President Bola Tinubu’s Renewed Hope Agenda (Details)

In his address during the inauguration at the Presidential Villa in Abuja on Friday, Shettima highlighted the critical role of the council in steering economic sector reform, privatisation, commercialisation, and the Public-Private Partnership (PPP) program over the next four years. He underscored the privilege and commitment represented by the council membership, urging members to actively participate in driving economic growth, infrastructure development, and job creation.
Shettima acknowledged President Tinubu as a disruptive thinker, emphasizing the transformative power of fresh ideas. The Vice-President stressed that the council’s formation signaled an invitation for members to play a pivotal role in realizing the Renewed Hope Agenda, focusing on economic rejuvenation, liberalisation, and unlocking Nigeria’s economic potential through reforms, PPPs, and privatisation.
The objectives outlined for the council include approving policies on privatisation and commercialisation, determining guidelines and criteria for valuing public enterprises, setting prices for shares or assets offered for privatisation, and overseeing the legal and regulatory framework for public enterprise reform. Shettima named key council members, including Minister of Finance and Coordinating Minister of the Economy Wale Edun, Attorney General of the Federation Lateef Fagbemi (SAN), and other notable figures from both the private and public sectors.
In response, Edun expressed gratitude for the inauguration and highlighted the critical role of privatisation in funding the budget and fostering economic growth. He thanked Chairman Shettima and council members for their commitment to the essential tasks ahead and reiterated President Tinubu’s strategic objectives.
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