The governor, who disclosed this during end of year interaction with the media in his office, said he took the decision in response to some persons against it.
Recall that three months ago, the state carried out an opinion survey of the industries scattered across the three senatorial districts of the state. He said: “So, we are trying to put a structure in place which is more like a management system. I did a referendum. For the first time government subjected its decision to a referendum. In spite of the fact that there is a provision in the privatisation law of 2007, I decided to withhold my powers and allow five per cent of the public opinion to prevail, which is that we should not privitise any of these Industries.
For Pete's sake, don't privatise public enterprises. Instead, outsource their management to the private sector. To prevent the private consortium from running them down, request a performance bond. The bond deposit, after an audit, would be refundable at the end of the contract.
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