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Don’t Weaken North’s Economy With Your Privatization Plans, CNG Tells Osinbajo


The Coalition of Northern Groups (CNG) on Tuesday said Vice President Yemi Osinbajo’s economic team is planning to weaken the economy of the region through his team’s recently approved privitisation plans of five power plants.

The Coalition specifically asked Osinbajo, who is the Chairman of the National Economic Council, the National Council on Privatization (NCP) and the Bureau of Public Enterprises (BPE) to rescind his decision in privatizing the Calabar, Ihovbor, Olorunsogo, Omotosho and Geregu power plants.

Addressing journalists in Abuja, spokesman of CNG, Abdul-Azeez Suleiman, while describing the plans “most dubious, unreasonable and unacceptable act of injustice” against northerners in particular, asked leaders of the region to raise the alarm over the move.

Suleiman said, “The Coalition of Northern Groups (CNG) has taken note of the latest plan to further diminish the economic viability of the northern region by powerful interests in the South by taking advantage of Vice President, Yemi Osinbajo’s position as Chairman of the National Economic Council, the National Council on Privatization (NCP) and the Bureau of Public Enterprises (BPE).

“We urge all critical stakeholders and the northern public to raise their voices in the defense of northern interest against this round of fresh scheme by those who have made it a duty to ensure that the North remains backwards by undermining its economic and social fabrics to stimulate and encourage rampant poverty, and social problems under various guises including this one.”