Advocacy groups and experts have voiced opposition to the federal government’s proposed sale of public property.
Experts argued that public infrastructure concessions were premature and advised to focus on maintaining and managing state-owned assets.
ANAEDOONLINE.NG said the proposed sale or concession of TBS under 25 assets by the FG was meant to fund N10.7 trillion of his 2023 budget deficit. I was actually reporting.
We believe that assets are the foundation of a significant positive impact on the economy of a country or region.
The argument was the crux of the discussion at the National Institution of Estate Surveyors and Valuers National seminar held on Tuesday in Abuja.
The seminar organised by the Nigerian Institution of Estate Surveyors and Valuers was titled “Management and maintenance of public assets for sustainable development in Nigeria”.
Speaking during the conference, the lead speaker, Tina Onokwai, stated that priority must be given to the value of the public assets in order to achieve the purpose for which it was built.
She added that political, economic, fiscal and capacity deficiency are reasons for the continued dilapidated state of assets.
She said, “Infrastructure is one of the cornerstones in the delivery of public services but effective management of infrastructural assets is central to the development and is the centrepiece of every development.
“Public assets maintenance and management is an industry that creates work, adds value, drives growth and contributes to national productivity.”
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Speaking further, NIESV president, Johnbull Amayaevbo, urged for collaboration between the institution and other bodies so as to effectively implement executive order 11 as signed by the president, Major General Muhammadu Buhari (retd.)
He said, “Nigeria has an issue of maintenance culture, especially in the public sector and that is why the president signed the executive order. But for us to maximise the benefit of that order, all professionals in the built industry must work together.”
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