Okonjo Iweala’s Privatization of Over 300 Firms Made Over 4 Million Nigerians Jobless Under Obasanjo

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Gbenga Komolafe

Abiodun Sanusi

Mr. Gbenga Komolafe, a Labour and Human Rights activist, had exposed how the new World Trade Organization’s Chairperson, Dr. Ngozi Okonjo Iweala privatized over 300 federal government-owned firms as a Minister for Finance under ex-President Olusegun Obasanjo, leading to loss of jobs for over four million Nigerians.

Speaking in Lagos, Nigeria last Saturday at a public symposium, tagged, “A Political Symposium Of The Masses” which was organized by supporters of Mr. Omoyele Sowore Publisher of Sahara Reporters and Convener of the #RevolutionNow movement, Mr. Komolafe chided Nigerians for celebrating the newly elected WTO Chairperson under whose supervision as Nigeria’s Finance Minister millions of Nigerians became jobless due to her privatization policies under the guise “Neo-Liberal Reforms” which favored foreign powers like the USA, Europe, and China, thereby leading Nigeria into recession over the years.

“Somebody was appointed Chairperson at WTO and Nigerians were celebrating. That woman did more than anybody else.

“The comprehensive damage she did in the name of neoliberal reforms under Obasanjo is unprecedented.

“For your reminder, she supervised the privatization of 300 firms (companies), with over 4 million people thrown into the unemployment market, today none of them (the firms) is working.

“The lies they told us was that when they privatize it, Nigeria will attract foreign investments, foreign technology, and bring in more money, more technology and efficiency, and they’ll employ more people. Mr. Komolafe said.

“Decades later those companies were bought, scrapped, and closed down. And the biggest beneficiaries of such action are the likes of Aliko Dangote who bought one of those firms in Oshogbo, Osun state, and some textile companies in Ikeja, Lagos, all of which he closed down after buying them.

“These people (Okonjo Iweala, Aliko Dangote, et al) have committed extreme crimes against Nigerian people, yet Nigerians celebrate them because most Nigerians lack (proper political) education.

“Nigerians need to unlearn a lot of things (they’ve been taught), and learn a lot of things which they’re yet to know”. He concluded.

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