FG to privatise transport sector

A statement issued by the bureau’s Acting Head, Public Communications Mr Alex Okoh said the process will begin shortly when legal and regulatory frameworks were put in place.
It said that once this was done, the transport sector would become a viable investment destination for investors from across the globe.
It noted that the bureau was concerned with the viability of the transport sector because it was critical to the growth of the nation’s economy.
The statement read in part: “We don’t want to repeat the mistake we made during the port reform. Before embarking on the reform of any sector, we will ensure that the legal and regulatory frameworks are in place.
“That is why for the transport sector, we have all the seven draft bills undergoing approval process by the Federal Executive Council (FEC), after which they will be transmitted to the National Assembly for passage.
“From the assurances we are getting from the various stakeholders, these bills will be passed soon.”