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

News Express |27th Sep 2015 | 5,485
Imo Govt. unfolds plan to hand over non-productive parastatals to private sector

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)

Comments

Post Comment

Saturday, September 20, 2025 9:34 PM
ADVERTISEMENT

Follow us on

GOCOP Accredited Member

GOCOP Accredited member
logo

NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.

Contact

Adetoun Close, Off College Road, Ogba, Ikeja, Lagos State.
+234(0)8098020976, 07013416146, 08066020976
info@newsexpressngr.com

Find us on

Facebook
Twitter

Copyright NewsExpress Nigeria 2025