FG to reform RBDAs, seek alternative funding source

The of Water Resources, Engr. Suleiman Adamu has said that the need to reform the nation’s River Basin Development Authorities (RBDAs) is to seek alternative sources of funding to shore-up their revenue base and make them self-reliant.

Declaring open a three-day on the partial commercialisation of four pilot River Basin Development Authorities (RBDAs) in Abuja on Tuesday, May 4, , Adamu noted that the Federal was not unaware of the challenges facing the RBDAS.

Head, Public Communications of the Bureau of Public Enterprises (BPE) Amina Tukur Othman, in a statement Wednesday in Abuja said he reiterated that the reform of the RBDAs was not privatization but partial commercialization to make them economically viable, self-reliant and sustainable even as he assured of no job losses.

The commended the BPE and the Transaction Adviser for organizing the aimed at building requisite capacity for the RBDAs staff and other relevant actors towards a successful Commercialization of the pilot .

In his remark, the of the Bureau of Public Enterprises Mr. Alex A. Okoh reiterated the Federal ’s unwavering commitment to the promotion of private sector participation in the , management and maintenance of the RBDAs without divesting its shares.

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