News

November 22, 2022 News Press Release

BPE pre-qualifies 3 firms for Calabar, Kano FTZs concession

Three firms  each have been pre-qualified and issued the Request for Proposal (RFP) for the concession of the Calabar and Kano Free Trade Zones (FTZs) in the country, respectively. They are Diamond Stripes Consortium, BUA International Limited and Northwest Petroleum and Gas Company Limited for Calabar Free Trade Zone and Diamond Stripes Consortium, Urban Shelter Infrastructure Limited and BUA International Limited for Kano Free Trade Zone. Director General of the Bureau of Public Enterprises (BPE), […]

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November 16, 2022 News Press Release

Privatisation Council Okays Governance Framework For $3bn Hydropower Plant

The National Council on Privatization (NCP) Tuesday approved a governance framework for the development of a $3bn plant in Makurdi, Benue State.  The approval was given at the NCP meeting chaired by Vice President Yemi Osinbajo at the Presidential Villa, Abuja. Osinbajo’s spokesman, Laolu Akande, said it is expected to be the largest hydropower project in West Africa. He said with the NCP’s nod, the development of the project, which emerged by way of an […]

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November 14, 2022 News Press Release

Okoh Gives Reasons For Zungeru Hydroelectric Power Roadshow

Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh has said that the Investors Roadshow for the concession of the 700MW Zungeru Hydroelectric Power Plant (ZHPP) is in continuation of the Federal Government’s drive to achieve a power sector that fully serves the needs of the citizens of Nigeria to unleash their potentials and engender socio-economic development to meet global standards. The Director General who said this on Thursday, November 10, […]

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November 11, 2022 News Press Release

FG Inaugurates Inter-Agency Committee To Boost FRIN’S Services

As part of efforts to optimise the services of the Forestry Research Institute of Nigeria (FRIN), the Federal Government through the Bureau of Public Enterprises (BPE) has inaugurated an interagency committee between the two agencies for enhanced potentials of FRIN to deliver on its mandate. Inaugurating the 7-member committee in Abuja recently, Director General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh said the Projects Reform and Infrastructural Development of the Institute would […]

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October 11, 2022 News Press Release

N206.18Bn Privatisation Proceeds To Fund Nigeria’s 2023 Budget Deficit

The Bureau of Public Enterprises (BPE) is to fund the deficit in the 2023 Nigeria’s Budget with N206.18 billion through Privatisation Proceeds, President Muhammadu Buhari has disclosed. Presenting the 2023 budget estimates totalling N20.51 trillion and tagged: Budget of Fiscal Consolidation and Transition to the joint session of the National Assembly in Abuja on Friday, October 7, 2022, the president gave other sources of funding the deficit to include new borrowings totalling N8.80 trillion and […]

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