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“Some parastatals will go, others will stay” …President Bio

HomeAYV News“Some parastatals will go, others will stay” …President Bio

“Some parastatals will go, others will stay” …President Bio


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Umaru Napoleon Koroma, who doubles as Secretary General of the ruling SLPP, on Tuesday 13th November, 2018 presented the NCP 2017 Report to President Julius Maada Bio in State House, Freetown.

Presenting his 33 page report, Umaru Napoleon Koroma said the document provides an overview of the Commission’s activities with regards to the reform and divestiture of public enterprises in Sierra Leone over the years.

The report covers Transport, Telecommunications, and Financial, General and Commercial sectors.

“Under the supervision of your office, the Commission has developed a strategic plan that invariably seeks to address the short, medium and long term goals of attracting private capital to drive economic growth.

“When I assumed office in June this year, the NCP Secretariat was putting together a privatization strategy of some key parastatals. I called for a review of this strategy to include a sectorial approach for investment to maximize returns and thankfully, we are pretty much on track.

“The strategy itself has been realigned with government’s development policies and adapted to the New Direction’s framework for efficient service delivery in the public sector,” Mr. Koroma informed President Bio.

Responding, President Bio called on the NCP Chairman and his team to work harder in fulfilling the mandate of the Commission.

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