The National Council on Privatisation (NCP) has approved the appointment of Advisers for three transactions undertaken by the Bureau of Public Enterprises (BPE) for the current year as part of government’s reform strategy for privatized entities.
The transactions are, the partial commercialisation of the River Basin Development Authorities (RBDAs), partial commercialisation of the National Parks Service and the seven National Parks and concession of eco-tourism activities in three selected parks and the concession of the Lagos International Trade Fair Complex (LITFC).
A statement by the Head, Public Communications of the Bureau, Amina Tukur, indicated that the Federal Executive Council (FEC) gave the approval to the engagement of Agri-Africa Consultants/A & E Law Partnership Consortium for the transaction advisory services for the RBDAs at its meeting of 14th August in Abuja.
Tukur stated that the Council also approved the engagement of Africa Wildlife Foundation for advisory services for the seven National Parks and concession of eco-tourism activities in three selected parks.
According to her, for the Lagos International Trade Fair Complex (LITFC), Messrs Feedback Infrastructure Services was approved as the transaction advisers.
It would be recalled that Council approved the commencement of the partial commercialisation of the 12 RBDAs in the country.
The objective is to strengthen and improve the RBDAs by making them economically viable and to also introduce Public Private Partnership (PPP) into the sector without divesting government ownership. The transaction is to be carried out in phases with the pilot transaction on four out of the 12 RBDAs.
The BPE spokesperson also stated that for the seven National Parks and concession of eco-tourism activities in three selected parks namely, Kainji, Cross River and Gashaka-Gumti, Council also approved the commencement of the partial commercialization at its meeting held on 22nd and 23rd August, 2017.
