Revisiting the Proposed Sales of Some Selected National Assets: Need for Legislative Support

Abstract

Sales of national assets has been a highly controversial issue that evokes sharp reactions and divide among the political actors and the populace in general. National assets sale is a situation where the government or its agency sells or transfers ownership and control of public assets to the private sector, with the government having no role any longer in the financial support, management or oversight of such assets. After the sale of a public asset or enterprise, public agency may become a regulatory body over a former public asset or enterprise system if new ownership results in a potential monopoly.