The attention of the National Council on Privatisation (NCP or Council) has been drawn to an Interim Order of the Federal High Court dated 8th July, 2022, in respect of a Suit between Vigeo Power Limited vs. Fidelity Bank Plc and 7 Others over the Board composition of Benin Electricity Distribution Company (BEDC). Following this […]
Read MoreThe Bureau of Public Enterprises (BPE) considers it imperative to clear the air on the insinuations and statements emanating from some of the Electricity Distribution Companies (DISCOs) which were restructured following the collaterised shares of some of the DISCos. As we had earlier informed the public through various publications in the print and electronic media, […]
Read MoreRESTRUCTURING OF KANO, BENIN, KADUNA, IBADAN AND PORT HARCOURT DISCOs – JULY 5th, 2022 Today we were informed by Fidelity Bank that they have activated the call on the collateralized shares of Kano, Benin and Kaduna (Fidelity and AFREXIM) DISCOs and that they have initiated action to take over the Boards of these DISCOs and […]
Read MoreSixteen firms have been pre-qualified for the privatisation of five National Integrated Power Projects (NIPPs) in the country, Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh has announced. Okoh announced this at the Investor Pre-bid Conference for the privatisation of the five NIPP plants namely:Geregu, Omotosho,Olorunsogo, Calabar and Benin-Ihovbor which […]
Read MoreThe National Council on Privatisation (NCP) at its 3rd meeting for 2022 held at the Presidential Villa, Abuja recently approved the strategy and workplan to fast-track the concession of Zungeru Hydroelectricity Power Plant (ZHPP) in Wushishi Local Government Area of Niger State subject to any further development from Ministry of Power. The Council noted that […]
Read MoreThe National Council on Privatisation (NCP) has approved the immediate composition and the proposed governance framework for the sustainable management and payment of post privatisation liabilities of the power sector transferred to Nigeria Electricity Liability Management Company Ltd (NELMCO) which hitherto was without a Board. This was one of the major decisions taken by the […]
Read MoreSERVICOM Propels BPE’s Service Delivery Initiative, Says Okoh Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A.Okoh has said that the mandate of Service Compact (SERVICOM) propels the Bureau’s service delivery initiative and appealed to other government agencies in the country to do the same. Okoh stated this at the second quarter […]
Read MoreDirector General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh has pledged the Bureau’s willingness to deploy its expertise and technical knowhow to assist the Benue State Government in its drive for privatisation, commercialisation, Public Private Partnership (PPP) and other economic reforms to accelerate Benue economic development. The Director General made […]
Read MoreBPE To Extend Expertise To Correctional Service on PPP Execution Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh says the Bureau is willing to deploy it expertise to assist the Nigerian Correctional Service (NCoS) in its efforts to develop some projects through Public Private Partnership (PPP). These are: Cattle ranching […]
Read MoreThe Federal Government’s desire to concession the Calabar and Kano Free Trade Zones (FTZs) is for them to be able to catalyse business in the West African sub-region, through strategic production of goods and services that optimise the vast potential of the industrial axis of Cross River and Kano States, Director General of the Bureau […]
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