The Energy Department is a fusion of two older Departments; the Electric Power Department and the Oil and Gas Department; as approved by the National Council on Privatisation and implemented in January 2018. Since both departments had to do with energy, it was thought expedient to have them collapsed into a single department. Recently incorporated into this department is the Mines and Steel Department.

We present below each segment of the assignment of the department as sectoral issues (taking note that even though the work pre 2018 is referred to as done by the Energy department, they were actually carried out by the three separate departments before the merger).

The Energy Department is directly responsible for the implementation of the reform and privatisation policies of the National Council on Privatisation (NCP) through the Bureau of Public Enterprises (BPE) in the Nigerian Electric Power and Oil and Gas sectors. The privatisation strategies include core investor sale, asset sale, concessions and management contracting. The department’s remit also include the management of stability issues in the power sector as well as the resulting labour challenges and other residual issues, post-privatisation.
Energy Department is entrusted with the responsibility of:

  1. Reforming the Energy Sector by executing Legal and Regulatory framework activities as they affect the Sector;
  2. Restructuring the Energy Sector while taking into cognizance all the enterprises slated for Privatisation in the Sector;
  3. Concessioning enterprises in the Energy Sector to increase Private Sector participation in the Sector; and
  4. Introducing relevant Sector Regulators.


  1. Power Holding Company of Nigeria (PHCN):
    1. Generation Companies (GenCos);
      1. Afam Power Plc (Ongoing)
      2. Ughelli Power Plc;
      3. Geregu Power Plc;
      4. Kainji Power Plc;
      5. Shiroro Hydro Power Plc;
      6. Sapele Power Plc; and
      7. Egbin Power Plc.
      8. National Integrated Power Plants
    2. Distribution Companies (DisCos)
      1. Abuja Distribution Company;
      2. Benin Distribution Company;
      3. Eko Distribution Company;
      4. Enugu Distribution Company;
      5. Ibadan Distribution Company;
      6. Yola Distribution Company (reversed and ongoing re-privatisation)
      7. Ikeja Distribution Company;
      8. Jos Distribution Company;
      9. Kano Distribution Company;
      10. Port Harcourt Distribution Company; and
      11. Kaduna Distribution Company
    3. Transmission Company of Nigeria (TCN)
  2. Oil Marketing Companies:
    1. Forte Oil (formerly African Petroleum Plc);
    2. Oando Plc (former Unipetrol Nigeria Plc); and
    3. ConOil Plc (former National Oil and Chemical Marketing Company)
  3. West Africa Refinery Company in Sierra Leone (WARCO)
  4. Eleme Petrochemical Company Limited (EPCL)
  5. Calabar Liquefied Petroleum Gas Company
  6. Eight Oil Service Companies (OSC):
    1. Baroid Drilling Chemical Products Limited
    2. Baroid of Nigeria Limited
    3. Dowell Schlumberger Limited
    4. M-l Nigeria Limited
    5. Solus Schall Nigeria Limited
    6. Sedos Forex Nigeria Limited
    7. Schlumberger Testing & Production Services Limited and
    8. Baker Forex Nigeria Limited.
  7. Stallion Property & Development Company
  8.  Refineries;
    1. Warri Refining & Petrochemical Company Limited (WRPC)
    2. Kaduna Refining & Petrochemical Company Limited (KRPC) and
    3. Port Harcourt (1&11) Refining Company Limited (PHRC)
  9. Pipelines & Products Marketing Company Limited (PPMC)
  10. Nigerian Gas Company Limited (NGC)
  11. 7 Liquefied Petroleum Gas plants (LPGs );
    1. Enugu LPG
    2. Ibadan LPG
    3. Ilorin LPG
    4. Makurdi LPG
    5. Kano LPG
    6. Gombe LPG
    7. Gusau LPG

The Energy Department has the following Units:

  • Petroleum (Oil and Gas) Unit
  • Power Generation Unit
  • Power Distribution Unit
  • Power Transmission Unit


  1. The privatisation of the Eleven successor power DisCos. However, following the security challenges in the North-east, Yola DisCo was returned to the Federal Government and is being managed by an employee of the Federal Ministry of Power, Works and Housing.
  2. Privatisation of the seven GenCos. However, Afam Power Plc transaction has not been concluded as the process is ongoing.
  3. Privatisation of the Oil Marketing Companies.
  4. Privatisation of WARCO in Sierra Leone
  5. Privatisation of Eleme Petrochemical Company Limited and its outstanding performance post privatisation;
  6. Privatisation of Calabar Liquefied Petroleum Gas Company
  7. Privatisation of Eight OSCs
  8. Privatisation of Stallion Property & Development Company


  1. Refineries;
    1. Warri Refining & Petrochemical Company Limited (WRPC)
    2. Kaduna Refining & Petrochemical Company Limited (KRPC) and
    3. Port Harcourt (1&11) Refining Company Limited (PHRC)
  2. Pipelines & Products Marketing Company Limited (PPMC)
  3. Nigerian Gas Company Limited (NGC)
  4. 7 Liquefied Petroleum Gas plants (LPGs );
  5. Enugu LPG
  6. Ibadan LPG
  7. Ilorin LPG
  8. Makurdi LPG
  9. Kano LPG
  10. Gombe LPG
  11. Gusau LPG

Currently, the department is working on privatising Afam Power Plant, The National Integrated Power Plants (NIPP) as well as Yola DisCo. Expressions of Interest (EOIs) have been harvested for Afam and Yola power companies and the EOIs have been evaluated by the Evaluation Committee for each transaction.

The department is also working on strategies for the privatisation of the Pipeline and Products Marketing Company (PPMC), Port Harcourt Refinery 1&2, Warri Refinery, Kaduna Refinery, the outstanding Oil Servicing Companies, Liquefied Petroleum Gas plants, and the Nigerian Gas Company.

Recently incorporated MINES AND STEEL DEPARTMENT


  1. The Mines & Steel Development Department of the BPE is responsible for the privatisation and reform activities in the Mining and Steel sector.
  2. Privatisation of the NCC which involves the sale of the core and the non-core assets of the corporation
  3. Privatisation of the Nigerian Mining Corporation, the exercise involves the privatisation of the Corporation’s core and non-core assets.
  4. Privatisation of steel enterprises. Currently DSC is owned by Premium Steel following its sale by AMCON. While DSC and ALSCON were privatized through a core investor sale to Global Infrastructure and RUSAL/Dayson Holding Ltd in 2005 and 2007 respectively.


  1. Nigerian Mining Corporation (NMC)
  2. Nigerian Coal Corporation (NCC)
  3. Steel Sector


  1. Mines Unit
  2. Coal Unit
  3. Steel Unit


  1. The first phase which involved the sale of Seven Hundred and Forty One (741) houses to ex-staff of the Nigerian Coal Corporation.
  2. Privatisation of NMC Core & Non Core assets
    • Naraguta Bricks & Clay Company Ltd, Jos Plateau State:
    • Maiduguri Bricks & Clay Products Ltd, Maiduguri, Borno State
    • Terrazzo Company Limited (NTL), Gurum, Jos, Plateau State
    • Kujama Quarry, Kaduna
    • Gano Quarry, Kano
    • Gubi Quarry, Bauchi State
  3. Three coal blocks, Okaba, Ogboyega I and II, were successfully concessioned and handed- over in 2007.
  4. Currently DSC is owned by Premium Steel following its sale by AMCON.
  5. Delta Steel Company (DSC) and Aluminum Smelter Company of Nigeria (ALSCON) were privatized through a core investor sale to Global Infrastructure and RUSAL/Dayson Holding Ltd in 2005 and 2007 respectively.
  6. The three (3) Rolling Mills (Oshogbo, Jos and Katsina) were liquidated in 2006 through a court appointed liquidator.
  7. it is worthy to note that DSC and ASCL still have unresolved privatisation issues.
  8. In 2005 saw Dayson Holding Limited, a special purpose vehicle (SPV) of Rusal (Bratsk) Aluminium Company of Russia emerge as the core investor. Following the resolution on the impasse on the ownership RUSAL & FGN signed an Addendum No. 2 for the recommencement of production activities at the plant.


  1. The remaining five (5) coal blocks are Ogwashi-Azagba in Delta State, and Inyi, Amansiodo, Okpara, and Onyeama in Enugu State, which are currently being considered for the coal to power project in conjunction with MMSD.
  2. The next phase is sale of the remaining NCC houses of occupied by non-staff which will be through a competitive bidding process.
  3. The BPE in conjunction with MMSD are working on the establishment of NMC Holding Company to manage the current and future ventures.

    Active Joint Ventures

    • Tropical Mines Ltd Ijesha-Iperindo near Ilesha, Osun state
    • North South Extractive Resources Ltd Isanlu, Kogi State
    • Nigerian Electricity Supply Corporation (NESCO) Bukuru Jos, Plateau State
    • Jakura Marble Industries Limited, Lokoja, Kogi state.
    • Consolidated Tin Mines Ltd (CTM) Bukuru Jos, Plateau State

    Inactive Joint Ventures

    • Oil Chem (OCL) Limited Lafia, Nasarawa
    • Kampe Valley Mining Co.Ltd, Isanlu, Kogi State
    • Nigerian Marble Mining Co. Ltd, Ibeti, Oyo State
    • Magnesite Company Ltd Tsakisimta, Adamawa State
    • Mubi Burnt Bricks, Mubi Adamawa State
    • Global Minerals Resources Co Ltd, Kebbi/Zamfara State
    • Laka Gold Company Ltd, Laka, Kebbi State
    • Prime Ace Metals Ltd, Sepeteri, Oyo State
    • Andevco Mining Co. Ltd, Beni, Niger State
    • Nigerian Freedom Mining Co. Ltd, Ikpeshi Near Auchi, Ede State
    • Nomil Mines Ltd
  4. A concession Agreement for Ajaokuta Steel Company (ASCL) and National Iron Ore Mining Company (NIOMCO) was signed with Global Infrastructure Nigeria Limited (GINL) in 2004. However the agreement revoked in 2007 following which the FGN & GINL went to LCCIA
  5. After the implementation of the out of court settlement agreement between FGN & Global Infrastructure Nigeria Limited (GINL), the process for the privatisation of ASCL will commence. While NIOMCO would be re concessioned to GINL.