The Vice President and Chairman of the National Council on Privatisation (NCP), Prof. Yemi Osinbajo (SAN), has tasked members of the reconstituted NCP to tackle new transactions and reform activities of the Federal Government as well as resolve some of the thorny economic issues that are critical to the country’s accelerated economic development. Inaugurating the […]
Director General of the Bureau of Public Enterprises (BPE, Mr. Alex Okoh, has assured that Quest Electricity Nigeria Limited, the new investor in the Yola Electricity Distribution Company(YEDC) is committed to improving the quality of life of the inhabitants in the North East geopolitical zone through aggressive investment drive, thereby providing an economic tool for […]
The Federal Government has assured prospective power investors that the five National Integrated Power Plants (NIPPs) put up for sale will go on as planned in furtherance of its efforts to boost power supply nationwide The five NIPP plants planned for sale are Benin Generation Company Limited at Ihovba, Edo State, Calabar Generation Company Limited, […]
The Vice President and Chairman, National Council on Privatisation (NCP), Prof. Yemi Osinbajo has clarified that with the new Federal Government’s circular on the administration of Public-Private Partnership (PPP) projects in the country, the Bureau of Public Enterprises (BPE) shall be responsible for the concession of public enterprises and infrastructure already listed in the First […]
The National Council on Privatisation (NCP) has approved Transcorp Power Consortium as the preferred bidder for the Afam Electricity Generation Company (Afam Power Plc and Afam Three Fast Power Limited). The approval was granted based on the bid price of N105.3 billion (about US$343.6m) offered by the Consortium while Diamond Stripes Consortium was approved as […]
The legal counsel to BFI Group, Barr. Patrick Ikwueto, a Senior Advocate of Nigeria (SAN), has written to the Bureau of Public Enterprises (BPE) asking the privatization agency to immediately and unconditionally comply with the July 6, 2012 judgment of the Supreme Court on the ownership of the multi-million aluminium processing plant. Ikwueto formally communicated […]
The Bureau of Private Enterprises (BPE) on Thursday hinted that 19 companies had indicated interest to acquire the Afam Power Company and the Yola Distribution Company (YDC) put up for sale by the Federal Government. The Bureau, in a statement issued by its Head, Public Communications, Amina Othman Tukur, disclosed that at the close of […]
The Director General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh, on Tuesday said that the sale of 21 percent shares of the Federal Government in the Nigerian Security Printing and Minting Company (NSPMC) Plc to the Central Bank of Nigeria (CBN) would rake in over N17 billion to the national treasury. Okoh was quoted in a […]
The National Council of Privatisation (NCP) has granted approval to the Bureau for Public Enterprises (BPE) to commence the process of privatizing the Afam Power Generation Company Plc and the Yola Distribution Company. The government’s decision, aimed at improving the efficiency of the nation’s power sector, was confirmed in a statement issued by the Council […]
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 […]