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Tinubu Dissolves Obasanjo's Privatisation Committee After 25 Years

By Temidayo Badmus

President Bola Tinubu has dissolved the Presidential Implementation Committee (PIC) on the Sale, Privatisation and Leasing of Federal Government Properties, bringing to an end a committee established during former President Olusegun Obasanjo's administration that has overseen the disposal of federal assets for 25 years.

The President also directed that all responsibilities previously handled by the committee be transferred to the Attorney General of the Federation and Minister of Justice, Prince Lateef Fagbemi (SAN), with immediate effect.

The decision was announced on Thursday in a statement issued by the President's Special Adviser on Information and Strategy, Bayo Onanuga.

The Presidential Implementation Committee was created in 2000 under the Obasanjo administration as part of the Federal Government's monetisation policy. It was mandated to supervise the sale, privatisation and leasing of federal government lands and properties across the country.

According to the Presidency, the committee was chaired by the Minister of Housing and included representatives from the Ministries of Transportation, Justice, Health and Agriculture, the Nigeria Police Force, and both public and private sector stakeholders. Professor P. T. Ahire served as its pioneer secretary.

Onanuga recalled that the Federal Executive Council (FEC) approved the establishment of a Panel of Inquiry on March 22, 2001, to produce a White Paper that would guide the implementation of the committee's recommendations. The panel completed its assignment after 21 months and submitted its report.

Explaining the rationale behind the committee's dissolution, the Presidency said its operations had gradually extended beyond the mandate for which it was established, leading to numerous litigations across the country.

"After careful consideration, the Government has noted that the activities of the PIC had extended beyond

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BREAKING:

Taraba State University (TSU) Jalingo has secured NUC approval for 24 new undergraduate programmes effective from the 2026/2027 academic session.

The approval followed a successful resource verification exercise by the National Universities Commission (NUC).

Some of the newly approved programmes include:

Software Engineering
Data Science
Information and Communication Technology (ICT)
Journalism and Media Studies
Public Relations
Radiology
Human Anatomy
Human Physiology
Banking and Finance
Meteorology and Climate Studies
Survey and Geo Informatics
Special Needs Education
Christian Theology
Sharia
African Traditional Religion