The timing of your emergence as the Vice Chairman of this committee is not only coincident but divinely arranged to help revive these our Commonwealths which have been stolen under the guise of privatization.
As the Vice Chairman of the Senate committee on Privatization, your committee will do us a great service in the State of Osun by reviewing the sale of Osogbo Steel Rolling and The Nigerian Machine Tool.
There is no doubt those who sold these two (2) great assets of the country did us a great disservice in Osun and Nigeria as a whole.
There is no gainsaying that these companies were not only undervalued when being sold, but those who conceptualised the sale of these companies did so for the benefits of the body, soul and pockets and not for the interest of the nation.
Sir, history as it that these two companies not only served as great employment opportunities for fresh graduates and unemployed youths in the 80s and early 90s, but also contributed immensely to the GDP of both the Old Oyo State, Osun State and Nigeria at large.
A visit to these two great national assets will show that:
1: The Steel Rolling Mill as been rendered to a mere dumping site as the buyer, Alhaji Dangote as refused to revive and revamp the company, the site of the company as become nothing but a thick forest with only blur sites of the magnificent buildings on the site. Record shows that little or nothing as been done on the site ever since its sale to Aliko Dangote, the heavy machines on the site are wasting away and the building are becoming a security threat to the host communities and the state of Osun at large.
2: The Nigerian Machine Tool NMT as been reduced to a mere mechanic workshop as little or no activity is being done on the site.
Sir, being and Engineer of repute yourself and an illustrious son of the State of Osun, I know you are aware of how helpful these two companies will be to the economy of the State of Osun, the employability opportunities which abounds are so numerous to the State and country at large, the enormous influence the service of the companies will have on the Small and Medium Scale Industries in the State are too great to be mentioned.
I will implore you and your committee members to embark on a fact finding mission to confirm the state of these two great national assets and review their privatization.
Regards!!!
Oluwasegun Fawale
Writes from Osogbo
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