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Privatisation: FG Urged to Drop Core Investor Policy From Emmanuel Ugwu in Enugu As the privatisation programme enters its third phase the federal government has been urged to jettison the policy of reserving majority shares of companies to core investors as such policy was inimical to justice and fairness. This was among the resolutions adopted at the South-east Consultative/Enlightenment Forum on privatisation with a call for the "discriminatory" core investor policy to be replaced with a policy of equal opportunity for all. According to the participants at the forum which ended at Enugu at the weekend, the core investor policy "strategically excludes Ndi Igbo by manipulative design and implementation." "The on-going privatisation programme should be anchored on equity, fairness and justice," the communique said. It further stated that the "federal government must provide the enabling environment with equal opportunity such as security, accessibility of funds to all people of Nigeria irrespective of tribe and geo-political zone to encourage and motivcate them to participate and support the privatisation programme." Adducing reasons for the low participation of Igbo in the privatisation programme, the forum traced it to perceived historical injustices meted out to Ndi Igbo by past Nigerian governments. The forum cited the then Federal Government policy of going every Igbo person 20 pounds sterling or N40 immediately after the civil war. With this historical injustice yet to be redressed, Igbo, according to the forum, have come to equate the present government's privatisation programme with the indigenisation policy of the early 70s in which there was an official policy to exclude them." "The Federal Government needs to redress the long injustice perpetrated against Ndi Igbo by past administrations to assuage their fears in the privatisation programme and give them a sense of national belonging in Nigeria, where they have invested heavily more than any zone," the forum advised. The forum urged the South East states to emulate their counterparts in the far north by buying shares of privatised companies and holding them in trust for the people, adding that in so doing the people of the Igbo would be encouraged to participate more actively in the privatisation programme. Who Are We ? | About THISDAYOnLine.com | THISDAY People | Contact Us © Copyright 2000 Leaders & Company Limited

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