Senate probes sale of paper mills, seeks tariff reduction - News Summed Up

Senate probes sale of paper mills, seeks tariff reduction


​Sunday Aborisade, AbujaThe Senate on Tuesday asked its Committee on Privatisation to summon the Bureau of Public Enterprises to probe the non -performance of paper mills in the country. The panel is expected to investigate the operations and non -performance of the paper mills sold by the BPE to private interests. President, Ahmad Lawan, said, “All our paper mills are privatised, and in the seventh Senate, we investigated the public enterprises that were privatised. “We need to know how far those private investors who took over the control of our paper mills are compliant with the signed shared purchase agreement? The lawmakers noted that the Paper Mills were privatised by government as a result of non -performance and lack of adequate funds to run them.


Source: Punch June 10, 2020 03:56 UTC



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