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Imo Govt. unfolds plan to hand over non-productive parastatals to private sector

By News Express on 27/09/2015

Views: 3,554


The Imo State Government has concluded plans to concession the management of some parastatals in the state that has been perceived dormant and non-productive for a long period of time.

Imo State Governor, Rochas Okorocha, disclosed this at a meeting with labour union heads and workers of parastatals in the state, at the Sam Mbakwe expanded Executive Chambers at the Government House in Owerri, the Imo State capital.

The Governor said that the move is to ensure that some parastatals are more viable and productive, so as to increase the Internally Generated Revenue (IGR) for the state and also cut down on government spending.

However, this decision by the state government did not go down well with union and workers in the state which made the over four hours meeting end in a deadlock, as they insisted on payment of arrears before considering concession. (Channels TV)

Source News Express

Posted 27/09/2015 8:01:59 PM

 

 

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