By Folasade Akpan
Mr Timipre Sylva, the Minister of State for Petroleum Resources says the ministry will partner with the Infrastructure Concession Regulatory Commission (ICRC) to develop the oil sector through Public Private Partnerships (PPPs).
Sylva said this on Tuesday in Abuja when he received the Director-General and management staff of ICRC on a courtesy visit.
According to him, every developed country in the world has had to go through privatisation and PPPs to achieve their development.
“I believe that your agency is an engine for growth and development and if privatisation will lead the growth process in the country, an agency like yours is very necessary.
“Everybody, the world over has come to realise that government is a bad manager and so everybody is concessioning and moving toward the private sector and PPP.”
Speaking on the Trans-Saharan Gas Pipeline (TSGP) project, Sylva said it was a very…
Source: News Agency of Nigeria
