“WHATEVER might be the reasons for its decision, we must thank the Nigerian Senate for the investigation conducted last week, into the privatisation and commercialisation programme of the government.
Let me state that as early as the 1980s, when the imperialist powers began to ram down the throats of the ruling classes of neo-colonial countries like Nigeria, the mantra of privatising national assets as the cure-all remedy for economic problems, I have been stoutly opposed to the programme.
In 1986, I wrote a piece titled, “Imperialism’s Privatisation Panacea”, for THE HERALD newspaper in Ilorin, warning of the dire consequences for the development of national productive forces and the danger to national sovereignty, of the much-touted advantages of off-loading national assets to the international bourgeoisie and their local appendages.
As it turned out, from the Babangida/Falae Structural Adjustment Policies, SAP, of the mid-eighties, but especially in the freewheeling, neo-liberal banditry of the Obasanjo period, between 1999 and 2007, privatisation was literally turned to the holy grail of government policy in Nigeria. . . “ More on VanguardNews.