Federal Government Secures $500 Million World Bank Loan to Bolster Nigerian Electricity Distribution Sector
In a strategic move to address the identified gaps in the Electricity Distribution Companies (DisCos), the Federal Government of Nigeria has secured a $500 million loan from the World Bank. Approved on February 4, 2021, by the World Bank Board...
Inauguration of a Project Delivery Team For The Recapitalization And Full Commercialization of NAIC AND NIRSAL
The Acting Director General of the Bureau of Public Enterprises (BPE), Ignatius O. Ayewoh, today inaugurated the Project Delivery Team (PDT) tasked with the recapitalization and full commercialization of the Nigerian Agricultural Insurance Corporation (NAIC) and the Nigeria Incentive-Based Risk...
MOFI, BPE Forge Alliance to Optimise FG’s Assets
Ministry of Finance Incorporated (MOFI) and the Bureau of Public Enterprises (BPE) on Tuesday entered into a collaborative partnership aimed at bolstering the federal government’s asset management and investment prospects. The agreement, witnessed by the Deputy Chief of Staff to...
NCP APPROVES RECOMMENDATIONS TO REPOSITION BOA
The National Council on Privatisation (NCP) has given its nod to the recommendations aimed at repositioning the Bank of Agriculture (BOA) to ensure food security for Nigerians. Chaired by the Vice President, Sen. Kashim Shettima, the NCP approved the recommendations...
BPE Seeks Collaboration with NLC on Privatisation
The Bureau of Public Enterprises (BPE), under the leadership of its Ag. Director General, Mr. Ignatius O. Ayewoh, recently paid a courtesy visit to the President of the Nigeria Labour Congress (NLC), Comrade Joe Ajero, to seek collaboration with the...
Senate Supports Concession Of Zungeru Hydroelectric Project
The Senate Committee on power and the federal ministry of power have agreed on the concession of the 700 Megawatts Zungeru Hydroelectric Power project. The Senate Committee on power and the federal ministry of power have agreed on the concession...
FG hands over Zungeru power plant to concessionaire
The Federal Government on Tuesday officially transferred
NITEL /MTEL PROPERTY IN LAGOS SOLD TO LAGOS STATE GOVERNMENT
The National Council on Privatisation, (NCP) has approved the sale of a NITEL/MTEL Property located at number 3-5, Moloney street, Tafawa Balewa Square, Onikan, Lagos The property was one of those listed for sale by the Liquidator of NITEL/MTEL Non-Core...
9 Firms To Verify NIPOST Properties Nationwide
Nine firms have been approved by the National Council on Privatisation (NCP) under the Chairmanship of the Vice President, Professor Yemi Osinbajo (SAN) to immediately carry out a nationwide verification of NIPOST Properties & Development Company Limited. The firms which...
