Imo Water Corporation privatized. State to receive N10 million monthly

It is no longer news that the  Imo State Water Corporation has been privatised to the West African Utilities Metering System and Services Ltd.

As reported in the Sun Newspapers:

The State Commissioner for Public Utilities and Rural Development, Dr Ifeanyi Nwachukwu, made this known to the News Agency of Nigeria (NAN) on Friday in Owerri while explaining the need to restructure parastatals to suite the commercialization policy of the state governor.

NAN reports that Gov. Rochas Okorocha had, during the budget presentation, announced his intention to privatise all state parastatals, ministries and departments to make civil service less dependent on government treasury.

Nwachukwu said the company was expected to pay N100 million for the take-off and N10 million every month to the Imo State Government.

It would also manage the corporation for effective circulation of water in the state and pay salaries of members of staff. The commissioner said the company would have started full operations last November, but for the management of the water corporation which made the take-over difficult.  “In line with the commercialization policy of this government, we were able to get a South African company to partner with government to take over the water scheme.

“The people are expected to pay the state government N10 million every month and a N100 million upfront payment.”

Sounds like a good initiative by the State Government. Let us hope that at the end of the day, it works out in the best interest of the citizens.

 

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