State House, Freetown, Tuesday, 13 November 2018 – The National Commission for Privatisation (NCP) has presented their 2017 annual report to His Excellency President Julius Maada Bio during a short ceremony at State House in Freetown.
Its chairman, Lawyer Umaru Napoleon Koroma, said that the report did not only provide an overview of their activities relating to reforms and divestiture processes they had undertaken, it also highlighted proposed activities. He said in the year ahead they broaden their activities, encapsulated under various sectors to include transport, telecommunications, finance and gender.
He further stated that their primary objective as a commission, in charge of responsible for the privatisation and reform of public enterprises, was to create the enabling environment for private sectors to flourish without any hindrance, to reduce fiscal burden on central government and to generate employment through business growth.
Mr Koroma also told the President that his plan was in line with the broader objective to transform the Freetown Port to a Landlord Port that would match up with international ports. He maintained that NCP would work hard to continue to strengthen revenue generation for the implementation of government programs.
Receiving the report, President Bio thanked the leadership of the Commission for adhering to a statutory requirement and one of the core functions of the commission by producing an annual report. He challenged members of the commission to work harder, adding that the government relied on every sector in society for effective governance, particularly sectors that generate revenue for the state.
He promised that his government would always provide the required leadership for the private sectors to flourish, particularly in the creating jobs.
“The growth and development of the future of this country depend on how we all work. We owe a great lot to the future generation should we do anything that will affect the development fabrics of the country,” he stated.
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