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The Bureau of Public Enterprises (BPE) in Nigeria is responsible for implementing the Nigerian government’s privatisation and commercialisation policies.

Reforms

The Bureau of Public Enterprises leads strategic reforms that modernise Nigeria’s economy by improving governance, efficiency & transparency in key sectors, creating an enabling environment for sustainable growth.

Privatisation

Through carefully managed privatisation, BPE transfers state-owned enterprises into private ownership to unlock hidden value, attract local and foreign investments & stimulate healthy market competition.

Commercialisation
By restructuring public enterprises to operate with business-driven principles, BPE ensures they deliver quality services, remain financially sustainable & contribute effectively to national development.
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From The Director-General's Desk

Welcome to the official website of the Bureau of Public Enterprises (BPE). It is my pleasure to extend warm greetings to all our stakeholders, partners, and visitors. This platform serves as a gateway to understanding the vital role BPE plays in transforming Nigeria’s economy through privatisation, public sector reforms, and the promotion of private sector participation.

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Discover the dedicated professionals driving the Bureau of Public Enterprises (BPE) towards achieving its goals of public sector reform and effective resource allocation

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Toibudeen Oduniyi
Toibudeen Oduniyi

Director, Industries & Services

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Michael I. Magaji
Michael I. Magaji

Director, Infrastrructure & Public Private Partnership

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Abdulkadir Ahmed Abdulsalam
Abdulkadir Ahmed Abdulsalam

Director, Agriculture and Natural Resource

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Latest News & Publications

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DG-BPE Receives World Bank Delegation
 September 1, 2026
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DG BPE Receives LCIA Delegation
 September 1, 2026
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NCP 2ND MEETING FOR 2026
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NCP 2ND MEETING FOR 2026
 August 27, 2026
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EXPRESSION OF INTERESTS (EOIs) FOR THE EXECUTION OF PROJECTS UNDER THE BUREAU OF PUBLIC ENTERPRISES 2026 BUDGET
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EXPRESSION OF INTERESTS (EOIs) FOR THE EXECUTION OF PROJECTS UNDER THE BUREAU OF PUBLIC ENTERPRISES 2026 BUDGET
 August 10, 2026
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END OF THE YEAR AND SEND OFF PARTY – YEAR 2025
 February 17, 2026
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Apapa Container Terminal is one of the ports terminals situated in Lagos State. In line with the Privatization and commercialization policy of the Federal Government of Nigeria, the company was concessioned to A.P Moller Finance SA, APM Terminals BV Limited and handed over on 20th March, 2006 for a period of 25 years.

Apapa Terminals A & B were concessioned and handed over to the Apapa Bulk Terminal Ltd on June 3, 2006. The concession duration of the terminals was for a period of 25 years.

Apapa Ports Terminal C&D was concessioned in April 2006 to ENL Consortium for a period of 10 years which was later extended for an additional 5 years. The Terminal activities include multi-purpose, cargo, bulk cargo, container cargo, palletized/unitized cargo, containers, vehicles, and liquid bulk.

Apapa Ports Terminals E was concessioned and handed over to the Greenview Development Nigeria Ltd. in April 2005. The terminal is on 19.1 hectares of land with a quay wall length of 510 meters.

Tincan Island Terminal A is one of the ports terminals located in Lagos State. terminal was concession to Josepdam Port Services Nigeria Limited and handed over on 11th May 2006 for a period of 10 years. However, the concession period was further extended for another five years.

Tincan Island Terminal B was concessioned in September 2005 and handed over to Tincan Island Ports & Cargo Handling Services on June 1, 2006. The concession duration is for a period of 15 years.

Tincan Island Terminal C was concessioned in September 2005 and handed over to Tincan Island Container Terminal Ltd (TICT) on June 1, 2006. The concession duration is for a period of 15 years.

RORO Terminal was concessioned in September 2005 and handed over to Five Star Logistics Limited on May 10, 2006. The concession duration is 10 years and was eventually extended with additional 5 years.

Warri Canal Berth is located in Warri, Delta State, a location that presents strategic advantages for its proximity to natural oil/gas field and a navigable sea channel. The company was concession in December 2006 to Julius Berger Nigeria services (JBSN) and was handed over in April, 2007. The Lease Agreement was executed between, Julius Berger services, Nigeria Ports Authority (NPA) and the Bureau of Public Enterprises (BPE).

Federal Ocean Terminal was concessioned and handed over to the Intels Nigeria Limited in June 2006, for a period 25 years.

AshakaCem Plc (now Lafarge Cement) was incorporated on 7th August 1974 and converted to a public company in September 1974. However, It started operations in September 1979. The Company was initiated and promoted by the Nigerian Industrial Development Bank Limited (NIDB) in collaboration with the Federal Ministry of Industries, Associated Portland Cement Manufacturers limited (now Blue Circle Industries PLC, UK), the Nigerian Bank for Commerce and Industry (NBC&I), Northern Nigeria Investment Limited (NNIL) and the Government of the then North-Eastern State (now Adamawa, Bauchi, Borno, Gombe, Taraba and Yobe States). Prior to privatisation, Ashaka Cement had an estimated 88% capacity utilisation against its 700,000 metric tonnes per annum with a 24% market share. Ashaka cement company Plc was privatised in March, 2001 through a hybrid strategy (combination of Core Investor sale and Share floatation on the Floors of the Nigerian Exchange Commission). 50% ofthe company shares to Blue Circle while the remaining 50% to the investing public across Nigeria. However, in July 2022, Lafarge SA of France took the 50% shares of Blue Circle Industries Plc.

Cement Company of Northern Nigeria Plc (CCNN) was incorporated in 1962 and commenced production in 1967 with an initial installed capacity of 100,000 metric tonnes per annum (mt/pa) at the Kalambaina plant. The need to meet the increasing demand for cement necessitated the expansion of the Plant with the commissioning of a second line with an installed capacity of 500,000mt/pa in 1985. Soon afterwards, i.e., mid 1986, the first line was abandoned due to it uneconomic mode of operation; thus, leaving the plant with a rated output of only 500,000mt/pa. CCNN was privatized through the Core Investor sale strategy in October, 2000 to Damnaz Company Limited (BUA GROUP). The company was handed over to the Core Investor in 2000.

The Calabar Cement Company (CALCEMCO) was incorporated on 18th August 1964 by the Government of the defunct Eastern Region of Nigeria in accordance with Chap.37 of the Company Act. CALCEMCO inauguration in 1967 coincided with the commencement of the Nigerian Civil War (1967-70) during which it suffered various form of dormancy, pilferage, looting and sabotage of plants and fixtures. The Government did not evolve a deliberate plan to inject capital towards refurbishing the plants. By 1976, the management entered into agreement with Plant Suppliers – Polysuis Ltd of Ascot Berks U.K. by which the plant was to be converted from wet to dry process with the plan to increase the overall capacity from 100,000mt to 400,000mt per annum. FGN’s position was that CALCEMCO will be liquidated first before a sale of its assets en-bloc to a “Core Investor”. The United Cement Company of Nigeria (UNICEM) emerged as the core investor for the sale of 35% holding of the shares of the Calabar Cement Company, CALCEMCO.

The West African Portland Cement Company started production of its elephant brand in 1960 utilizing a 5-million-pound investment put up by Associated Portland Cement Manufacturers (APCM), the Western Nigeria Development Company and U.A.C. The company was founded at a time the factory, tariff and shipping cost of importing cement was double the ex-factory price, giving local cement manufacturers a fair advantage over competing foreign suppliers. In year 2000, 2,607,407,358 shares of WAPCO were sold by the FGN/BPE to a reputable cement manufacturer, Blue Circle industries. Blue Circle is now a member of the Lafarge Group.

Eleme Petrochemicals Company Limited (EPCL) is located in Alasa-Eleme, Port Harcourt, Rivers State, in the southern Niger Delta region of Nigeria. It is a petrochemicals complex engineered to manufacture olefins and polyolefins derived from Natural Gas Liquid (NGL) and Propylene Rich Feed (PRF), specifically Polyethylene (PE) and Polypropylene (PP) resins which are basic plastics used in a variety of consumer and industrial end products. The Federal Government through NNPC established Eleme Petrochemicals Company Ltd (EPCL) in 1991 to execute Phase II of Nigeria’s 3-phase Petrochemical development programme with a plant plate capacity of 240,000MT of polyethylene (PE) and 80,000MT of Polypropylene (PP).  EPCL is a 100% subsidiary of Nigeria National Petroleum Corporation (NNPC) commission in 1996. In 2006, 75% of EPCL’s equity was privatised to Indorama Plc. for $225million while 10% was reserved for NNPC. In 2009, the NCP, at its 57th meeting held on February 26, 2009, graciously approved the sale of 7.5% and 2.5% of the remaining FGN’s 15% reserved equity in the company to the Host Communities and staff of the company respectively, leaving a balance of 5% for the Federal Government of Nigeria (FGN)

NAFCON Plant was established in 1981 at Onne, Port Harcourt, Rivers State in the southern part of Nigeria and started production on July 15, 1987. NAFCON was the first and largest modern nitrogenous fertilizer complex (then), not only in Nigeria, but also in West Africa. The National Council on Privatisation approved the divestitures of the government interest in NAFCON using a liquidation method to sale the assets to O-Secul Nigeria Limited now NOTORE Chemicals Ltd.

Federal Superphosphate Fertilizer Company Limited (FSFCL) was incorporated as a limited liability company in 1973. The plant was designed to produce 100,000mt of Single Superphosphate Fertilizer (SSP) per annum from its 42,000 tonnes of Sulphur acid per annum. An additional plant with a capacity of 30,000 tonnes per annum of aluminum sulphate was built in 1990, but the average production pre-privatisation remained 2000 tonnes per annum. The NCP/BPE approved Core Investor strategy to divest the Government interest in FSFC. The initial transaction commenced in July 2002; however, the transaction faced some challenges that led to the withdrawal of some of the companies that indicated interest in acquiring the asset. By year 2005, the NCP/BPE executed a Share Sale/Purchase Agreement with Hekio consortium, the preferred winner of the competitive process, where 90% of the share was sold at the consideration fee of N700 million, and the company was handed over in 2006.

Transcorp Hilton (formerly NICON Hilton Hotel Abuja) was slated for privatisation in year 2004 using a Core Investor strategy for the divestiture of the FGN shareholding. The BPE advertised for interested parties/consortium to bid for the 51% stake in the hotel. After a competitive bidding, the controlling stake was sold for USD$105,009,000.00 at USD$41.18/share to Capital Consortium Transnational Corporation Plc with the execution/signing of the Share Sale/Purchase Agreement (SSPA) dated 9th December 2005 between and among the NCP/BPE and the Consortium members.

Capital Hotels Plc, owner of Abuja Sheraton Hotel & Towers, was incorporated in Nigeria on the 16th day of January 1981 as a private limited liability company. BPE used hybrid strategy to divest the shares of the hotel; Core investor and share floatation. The Core Investor sale, 51% shareholding, was executed on 3rd September 2002 between BPE and Hans-Gremlin (Nigeria) limited which emerged as the preferred bidder through a transparent and competitive bidding process. The shares were offered at a sum of US$34m while the balance of 699,142,180 ordinary shares was offered to the public through Public Offer for sale.

Central Hotel, Kano was opened in 1927 as a colonial hotel owned by the Railways. Over the years the hotel facilities fell below standards due to lack of maintenance which had mostly fallen into disrepair due to age and lack of care and attention. The hotel had over the years became inadequate for travelers need and could not meet both national and international standards. Following two earlier attempts, Broadfields Intermediaries Limited on 10th January 2005 eventually emerged the winner of a successful bid process and offered the sum of N605m for the 100% shares of the Hotel.

Sunti Sugar Company was incorporated in 1974 with a percentage share ownership of 90%: 10%, to the Federal Government (FG) and Niger State Government, respectively, the company remained a sugar cane plantation because fabrication of its sugar processing plant was not completed due to paucity of funds. The sugar cane produced over the years had been taken to NISUCO for processing into sugar. Funds had to be borrowed from the Sugar Levy Account of the Sugar Council before salary arrears of the staff could be paid. Fabrication of the company’s sugar processing mini-sized plant was not completed, making the company only a plantation company. Funds to complete the fabrication were not available. Due to the deteriorating state of the company, highly nonperformance and huge debt profile as at the time of privatisation, the NCP/BPE opted to liquidation strategy to divest government holdings. In January 2005, the Federal High Court in Abuja granted the petition of the Bureau of Public Enterprises (BPE) on behalf of the Federal Government of Nigeria to wind up the affairs of the company. The winding up order included the appointment of Otunba Olutola Senbore as the liquidator of the company. Supertek Nigeria Limited paid its bid amount of N180 million in March 2006.

Geregu Power Plant (GPP) was built by Siemens and commissioned in February 2008. The objective for setting up the plant was to boost power generation capacity as part of the overall effort to improve the electricity supply situation in the country, using effective technical and profitable management skills in the operation of the power station.

GPP is one of the five thermal successor generation stations unbundled out of the Power Holding Company of Nigeria (“PHCN”) and subsequently privatised as part of the FGN’s reform of the power sector. The plant currently has an installed capacity of 145×3 (turbines)=435MW.

The Honourable Minister is invited to recall that as part of the privatisation program of the Federal Government, 51% of FGN’s shares in the Company were sold to Amperion on 1st November 2013 for a purchase consideration of N20.53 billion. Since the assumption of control of the plant by Amperion, the Company has carried out both scheduled and major overhauls on the three turbines in line with global operating standards, which increased the plant’s capacity from 414MW to 435MW.

The Honourable Minister would also recall that further to its approval granted at its 1st meeting for 2019 held on 12th April 2019, BPE sold an additional 29% out of FGN’s 49% shareholding in the company to Amperion in 2019 for the sum of N13.134billion. Following the conclusion of this transaction in September 2019, Amperion’s shareholding in the Company increased to 80% while that of FGN’s reduced to 20%.

The Company has met the performance targets within the stipulated timeline as contained in the Performance Agreement signed with the Bureau of Public Enterprises with respect to ramp-up capacity and technical upgrade of the plant to the threshold agreed in the Performance Agreement.

KAINJI HYDRO POWER PLANT:
Location: Kainji, Borgu LGA, Niger State
Capacity: 760 MW (installed)
Commissioned: 1968
Water Source: Kainji Dam on the Niger River

Basic introduction to Kainji Power Plant, Nigeria.

MESL (Mainstream Energy Solution Limited) is the operator/concessionaire of the Kainji Hydro Power Plant, which is located in Kainji, Niger State, Nigeria. Here are some key facts about the plant:

Location: Niger State, Nigeria
Type: Hydroelectric dam
Capacity: 760 MW
Commissioned: 1968
Owner: Federal Government of Nigeria
Operator: Mainstream Energy Solutions Ltd.
Purpose: Power generation, flood control, irrigation, and navigation
of Turbines: 8
Reservoir Capacity: 15,000 million cubic meters
Dam length: 550 m; height: 64 m
Status: Active
Transmission Grid: Connected to the national grid via 330 kV transmission lines
Concessionaire: Mainstream Energy Solutions Limited

MESL is responsible for the operation, maintenance, and management of the plant, which is one of the largest hydroelectric power plants in Nigeria. The plant plays a critical role in generating electricity for the country’s national grid.

Kainji dam is the largest dam on the river Niger – the third longest river in Africa and the principal river in West Africa.

JEBBA HYDRO POWER PLANT:
Location: Jebba, Mokwa LGA, Niger State

Capacity: 578 MW (installed)
Commissioned: 1985
Water Source: Jebba Dam on the Niger River

Basic introduction to Jebba Power Plant, Nigeria.

Here are some key facts about the Jebba Hydro Power Plant, which is operated by Mainstream Energy Solutions Limited (MESL)

Location: Between Niger and Kwara States
Capacity: 578.4 MW,
Commissioned: April 13, 1985
Commercial operation began: 1983
Number of units: 6 generation turbines
Unit capacity: 96.4 MW each
Concession agreement: Held by Mainstream Energy Solutions Limited
Transmission Grid: Connected to the national grid via 330 kV transmission lines
Jebba Dam is located between Niger State. Jebba dam is earth and rockfill and is coupled with several auxiliary dams and infrastructure. The main dam is located to the south and its imperviousness is secured by an upstream blanket. The emergency reinforced spillway and auxiliary dam 1 are composed of a dike of the same type as the main dam. A saddle dam, of the same type as the main dam, closes a secondary valley.

The powerhouse is equipped with six turbines and six turbine-alternator groups. Each of the propeller turbines is rated at 96.4 MW for a net head is 27.6m and 102 MW at maximum output. The total nominal power installed was about 578 MW.

Afam Power Plc and Afam Three Fast Power Limited are significant entities in Nigeria’s power sector, both part of the Afam GenCo power plant complex.

The Afam Power Plant is situated in Okoloma Village, Oyigbo Local Government Area of Rivers State, approximately 40 km north of Port Harcourt. The plant includes five separate power plants (Afam I – V) with a combined installed capacity of 966 MW.
Afam Power Plc was one of the successor companies unbundled from the Power Holding Company of Nigeria (PHCN) in 2003 and was acquired by Transcorp Group in 2020.

The brand new Afam Three Fast Power Plant which has an installed capacity of 240 MW, was also acquired by Transcorp Group in 2020. The acquisition of Afam GenCo by Transcorp Group increased its total installed capacity to nearly 2000 MW. Transcorp is working towards recovering the full capacity of the Afam GenCo plants.

Zungeru hydropower project is a 700MW hydroelectric facility being built with Chinese assistance on the upper and middle reaches of Kaduna River in the Niger State of Nigeria. The project is estimated to cost $1.3bn. Zungeru is the biggest hydropower project under construction in Nigeria. It is also one of the biggest power projects in Africa to avail preferential loan facility from the Export-Import Bank (Exim Bank) of China.

BENEFITS

The Zungeru project is estimated to generate 2.64 billion kWh of electricity a year, which will meet close to 10% of Nigeria’s total domestic energy needs.
It will provide flood control, irrigation, as well as water supply and fish breeding facilities.
The project is expected to provide employment opportunities to more than 2,000 people during the peak construction period
LOCATION

The Zungeru hydroelectric project site is located on the Kaduna River near Zungelu in the Niger State, approximately 150km away from Abuja, the capital city of Nigeria.

PROSPECTS

With its four 175 MW hydroelectric turbines, Zungeru is the largest power plant financing project in sub-Saharan Africa
The underground powerhouse of the facility will be equipped with four hydro turbine and generator units rated 175MW each.”
The Zungeru hydropower project will provide power generation, flood protection and water for irrigation. The project includes a roller-concrete compacted dam (90 meters in height and 1,090 meters in length), an intake tower and diversion tunnel, underground powerhouse, power transmission line and access road.

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