News

September 26, 2022 News Press Release

RE: FG PLANS TO SELL ELECTRICITY TRANSMISSION COMPANY OF NIGERIA

The attention of the Bureau of Public Enterprises (BPE) has been drawn to a news publication alleging that “the Federal Government is currently gearing up to put the Transmission Company of Nigeria, up for Sale”. The BPE wishes to state that the news is completely false in all its ramifications. The allegation is a mere […]

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September 12, 2022 News Press Release

Okoh Extols Retiring BPE Staff, Urges Them To Be Good Ambassadors

The Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh has enjoined exiting staff of the Bureau to be good ambassadors of the reform agency in their next individual endeavours even as he urged public servants in the country to be legacy minded while discharging their duties to the nation. The […]

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September 5, 2022 News Press Release

FG Inaugurates TWAGs To Resuscitate Ailing Enterprises

The Federal Government has inaugurated four Technical Working (TWGs) Groups to review and implement a strategic roadmap for the resuscitation of ailing enterprises in the country. They are for the Automobile, Housing (Bricks and Clay), Mines and Steel as well as Oil Palm sectors. Inaugurating the TWGs on behalf of the Federal Government in Abuja […]

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August 19, 2022 News Press Release

PRESS STATEMENT- BPE, Foreign Firm Collaborate On Investment Opportunities In Nigeria

The Bureau of Public Enterprises (BPE) will collaborate with Jindal Steel & Power Group (a leading world player in Steel, Mines and Infrastructure) in its areas of interest to invest in Nigeria, Director General of the reform, concession and privatisation agency, Mr. Alex A. Okoh has said. Consequently, a joint committee to work out the […]

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July 14, 2022 News Press Release

PRESS STATEMENT- RE:INTERIM ORDER ON BEDC

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 […]

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July 8, 2022 News Press Release

FG Committed to Optimal Performance in Power Supply- Okoh

The 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, […]

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July 7, 2022 News Press Release

RESTRUCTURING OF KANO, BENIN, KADUNA, IBADAN AND PORT HARCOURT DISCOs – JULY 5th, 2022

RESTRUCTURING 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 […]

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July 7, 2022 News Press Release

16 Firms Pre-qualified For 5 NIPPs Privatisation…Okoh Says Power Sector remains Viable Investment

Sixteen 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 […]

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July 6, 2022 News Press Release

NCP APPROVES FAST-TRACK OF WORK ON ZUNGERU POWER PLANT

The 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 […]

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July 6, 2022 News Press Release

NELMCO GETS GOVERNING BOARD

The 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 […]

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