Units

• Financial, Development Institutions and Capital Market
• Media and Communications
• Information Technology
• Industries and Commerce

CORE DUTIES

Industries & Services Department is entrusted with the responsibility of reforming non-performing Public Enterprises (PEs) for optimal performance, which includes:

1. Reforming, Restructuring, deregulation, and Privatisation Programme in the Communications Sector in Nigeria.
2. Divestment and Privatization of Federal Government Public Enterprises in the industries sector.
3. In line with the Bureau’s reform initiative for the Media Sector, the Department has the mandate to partially commercialise government-owned Media enterprises.
4. Implementing the Federal Government’s reform, restructuring and modernisation of the postal sector in Nigeria, specifically the modernisation & restructuring of the nation’s Postal Sector – the Nigeria Postal Service (NIPOST). The reforms are envisaged to align the Nigerian Postal Sector with global developments in information and communication technology, institutionalise commercial practices in NIPOST and deepen private sector participation in the industry.

ENTERPRISES INCLUDE:

1. Bank of Agriculture (BOA)
2. Nigeria Postal Services (NIPOST)
3. Nigerian Film Corporation (NFC)
4. Federal Mortgage Bank of Nigeria (FMBN)
5. Save Sugar Company (SSC)
6. Royal Swaziland Sugar Company, Swaziland (RSSC)
7. Chemical Company of Senegal, Dakar
8. Nigerian Communications Satellite Company Limited (NIGCOMSAT)
9. Galaxy Backbone
10. National Centre for Technology and Management (NACETEM)
11. Nigerian Television Authority (NTA)
12. Federal Radio Corporation of Nigeria (FRCN)
13. News Agency of Nigeria (NAN)
14. Lagos International Trade Fair Complex (LITFC)
15. Tafawa Balewa Square (TBS)

DEFINITE TRANSACTIONS FOR 2022

1. Bank of Agriculture (BOA)
2. Nigeria Postal Services (NIPOST)
3. Nigerian Film Corporation (NFC)
4. Federal Mortgage Bank of Nigeria (FMBN)
5. Save Sugar Company (SSC)
6. Royal Swaziland Sugar Company, Swaziland (RSSC)
7. Chemical Company of Senegal, Dakar
8. National Centre for Technology and Management (NACETEM)
9. Lagos International Trade Fair Complex (LITFC)
10. Tafawa Balewa Square (TBS)

FUTURE (PROSPECTIVE) TRANSACTIONS

1. Chemical Company of Senegal, Dakar
2. Nigerian Communications Satellite Company Limited (NigComSat)
3. Digital Bridge Institute (DBI)
4. Galaxy Backbone
5. Nigerian Television Authority (NTA)
6. Federal Radio Corporation of Nigeria (FRCN)
7. News Agency of Nigeria (NAN)