The President, African Development Bank (AfDB) Group, Dr. Akinwumi Adesina, has predicted that with over 50 countries currently harmonizing tariffs, rules and standards, the Africa Continental Free Trade Area (AfCTA) would soon become the largest free trade area (FTA) globally. Adesina, who made the forecast in Durban, South Africa on Monday at the opening of […]
Speaker of the House of Representatives, Hon. Femi Gbajabiamila, has stressed the need for the Nigerian government to put in place a legal framework for Privatisation and Public Private Partnerships (PPPs) to enable government collaboration with the private sector to meet Nigeria’s public infrastructure demands and also ensure that the country maximizes the value potential […]
Director General of Bureau of Public Enterprises (BPE), Mr. Alex Okoh, has restated the management’s commitment to ensuring that the agency continues to uphold its core values of an efficient and credible organisation in the discharge of its mandate as the driver of the reform and privatisation programme of the Federal Government. Speaking at a […]
Despite the lingering disruptions caused by the COVID-19 pandemic to global economies, total foreign direct investment (DFI) globally amounted to about $852 billion in the first half of 2021, reflecting a stronger than expected rebound in most economies. The United Nations Conference on Trade and Development (UNCTAD) in its latest Investment Trends Monitor published Tuesday […]
L-R: Vice President, Lagos Chamber of Commerce and Industry (LCCI), Engr. Leye Kupoluyi, Chairperson, Marketing Committee, LCCI Trade Promotion Board, Mrs. Bunmi Obadina; Chairman, LCCI Trade Promotion Board, Mr Gabriel Idahosa; Head Corporate Communications, LCCI, Dr. Segun Alabi; and Director, Trade Promotion, LCCI, Mr. Taiwo Seriki, at the Press Conference held in Lagos on Wednesday […]
President Muhammadu Buhari has again reiterated that some of the privatisation proceeds would be part of borrowings, totaling N5.01 trillion, to fund the deficit in the 2022 budget. The President, who reiterated the fiscal option while presenting the 2022 Appropriation Bill tagged ‘Budget of Economic Growth and Sustainability’ to the joint session of the National Assembly in […]
Director General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh, has promised the Bureau’s commitment to ensuring healthy competition among investors in public enterprises in the country and consumers’ rights protection at all times. Okoh, made this known when the Management team of the Federal Competition and Consumer Protection Commission (FCCPC), led by […]
The Minister of Water Resources, Engr. Suleiman Adamu, has said that ongoing partial commercialisation of the nation’s 12 River Basin Development Authorities (RBDAs) is aimed at attracting private sector investments for their revitalization and ensuring efficient service delivery by them. Adamu described the RBDAs asstrategic to the actualization of national food security, jobs and wealth […]
The Director General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh, has reiterated the Bureau’s commitment to collaborate with relevant agencies to resuscitate moribund privatized enterprises. The Director General made the promise when he received the reports of the Federal Government’s four inter agency committees on the resuscitation of ailing/non- performing privatized public […]
A Federal High Court Abuja Division has ordered that the Asset Management Corporation of Nigeria, (AMCON) to continue with the management of NICON Insurance and Nigeria Reinsurance, (Nigeria Re), two companies it took over following the alleged indebtedness of the private investor, Barr. Jimoh Ibrahim. The Federal High Court Abuja Division presided over by Hon. […]