The Federal Government of Nigeria and the incumbent administration of Muhammadu Buhari has marked over twenty public enterprises under its control for sale.
An investors’ guide of the Bureau of Public Enterprises (BPE) invites potential investors to take advantage of the opportunity and buy into the following businesses:
Nigeria Integrated Power Projects (NIPPS); Calabar, Geregu, Omotosho and Benin (IHOVBOR); Transmission Company of Nigeria (TCN); Zungeru Hydro Plant; Nigerian Postal Service (NIPOST); Abuja Environmental Protection Board (AEPB) and the Nigeria Film Corporation (NFC).
Others are the Federal Capital Territory Water Board Abuja, International Conference Centre (AICC); Save Sugar Company; Lagos international trade fair Complex (LTFC); Tafawa Balewa Square (TBS); River Basins Developments Authorities (RBDAS); Bank of Agriculture (BOA) and the Nigeria Commodity Exchange (NCX).
Meanwhile, the Director-General of the Bureau of Public Enterprises (BPE), Alex Okoh, last week received the report of the federal government’s four inter-agency committees on the resuscitation of the ailing and non performing privatised enterprises.
In a statement signed by the agency’s Head of Public Communications, Amina Othman, Mr Okoh assured of BPE’s commitment to collaborate with relevant agencies to resuscitate the moribund enterprises.
On March 23, the BPE inaugurated the four committees to help resolve the complexities and challenges hindering the growth and development of some privatised enterprises.
The teams were made up of members drawn from the relevant sectors, ministries, BPE and the private sector.
According to the statement, Mr Okoh disclosed that the government, through the National Council on Privatisation (NCP), had directed the BPE to investigate the causes of the poor performances of moribund enterprises.
“Also to proffer viable and acceptable solutions to resuscitating them to perform optimally, create employment, boost the economy and increase Gross Domestic Product (GDP) among other benefits,” the BPE director-general said.
Mr Okoh assured that the findings of the committees would be shared among all stakeholders in order to spur them to meet their organisational objectives and that of the Nigerian government’s privatisation and reform programme.
