By Juliet Umeh
The federal government has said that the reason it has not privatised the Nigeria Communications Satellite, NIGComSat, Limited was due to the security implications of such a move.
The Minister of Communications and Digital Economy, Dr. Isa Ali Ibrahim Pantami who explained this at a forum with the media in Abuja, said considering the big role the agency plays in the nation’s security plan, that government is still weighing the option.
He said government, therefore, felt there was no need to commence the privatization.
According to Pantami, there is a need for NigComSat to also improve its operations in order to be more efficient in its service delivery.
He explained that he would personally prefer the commercialization of the organization to privatization as according to him, the security of the nation should be placed above the money that would be realized from the sale.
“The privatization of NigComSat is suspended briefly. We are meeting the Ministry of Communications and the NigComSat are meeting with the Bureau of Public Enterprises, BPE, on this matter.
“I prefer commercialization, rather than privatization because of the security. The role of NigComSat in ensuring the security of the nation cannot be quantified in monetary terms. I am not yet convinced that it should be privatized.
“I will work to see that it improves in its performances. NighComSat has been supporting the security institutions and this is very critical for the security of the nation,” he added.