News

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 on Friday, September 2, 2022, Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh said the […]

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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 modalities for the exercise has been set up with the Director, Industries and Services at the BPE, Mr. Yunana Jackdel […]

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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 unfortunate development, it has become imperative for Council to educate both the staff of BEDC and the public; particularly those […]

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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, BPE which midwifed the sale of the power companies and the Nigerian Electricity Regulatory Commission (NERC) which is the regulator […]

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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 exercise the rights on the shares. Fidelity Bank’s action is a contractual and commercial intervention and is between the Core […]

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