Taraba State Government says it has begun sensitisation of Kakara community to the privitisation of the Karara Beverages, producers of the Highland Tea.
Mr Ezekiel Iliya, Chief Executive Officer (CEO), Taraba Investment and Property Development limited (TIPDL), stated this while addressing newsmen in Jalingo on Sunday.
The Kakara beverages Nigeria Ltd is located on the Mambila Plateau, in Sardauna LGA of the state.
Iliya said that the exercise was to educate the people of the benefits they would derive at the end of the sensitiisation.
He noted that the state government would own 30 per cent assets while the remaining 70 would be privatised.
The managing director stressed that the host community preferred foreigners to manage the company than Nigerian investors.
“We are happy that the host communities have welcomed the idea of the privatisation.
“They have told us that they are all happy with the development, because it is what is happening in the whole world today.
“Government is not selling the company to an individual as speculated.
“Nothing changes in the company, 30 per cent will be for government while 70 will be privatised.
” This will improve profitability, productivity, efficiency and job opportunities for the benefit of Tarabans.
He said government was proposing to privatise the company, to ensure proper and efficient management devoid of interference and bureaucracies.
Iliya urged the general public to disregard any rumours that Mambila Beverages (Nig) Limited belonged to a particular community.
According to him, these are rumours by mischief makers who aim at creating dissatisfaction and raising unnecessary tension amongst members of the public.
The government had proposed the privitisation of Karara beverages, the producers of the Highland Tea to a private company.
