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Cross River to privatise state-owned enterprises, inaugurates council Cross River to privatise state-owned enterprises, inaugurates council
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The Cross River State government is set to privatise state-owned enterprises, as it inaugurates council with a mandate to embark on facts finding referendum across the three senatorial districts of the state.
The council began the interface with critical stakeholders in government and the private sector towards the statewide referendum survey that will be conducted to determine the preferred options for the efficient implementation of the second phase of the privatisation of industries in Cross River State.
Speaking at the event, the chairman John Monday Odo who welcomed all members and stakeholders to the interactive session said that over the years, many countries, especially developing ones have witnessed increasing costs and poor performance of state-owned enterprises resulting in heavy financial losses. He gave a cursory analysis