Hotmedia
BUSINESSECONOMYPOLITICS

Full List Of Firms & Establishments Nigerian Govt Outlines For Sale, Concession

The Nigerian government hopes to sell or temporarily hand over control of dozens of state-owned businesses in a bid to resuscitate them in 2021 and beyond.

An investors’ guide by the Bureau of Public Enterprises (BPE) invites potential investors to take advantage of the opportunities available and incentives offered by the government and buy into those businesses.

“In our collective efforts to create the enabling environment for the private sector to become the centre point for growth and economic prosperity, the Bureau has reformed and privatised over 234 public enterprises and carried out far-reaching reforms that have transformed the Telecommunications, Pension, the Ports Terminals, Debt Management and the Power Sector, among others,” the document said.

Read Also : Breaking News: Nigerian Government Orders Telcom Operators To Shut Down Mobile Phone Services In Zamfara As Bandits Take Over State

For the current year and beyond, the Bureau said it has over 36 transactions and projects, including new reform initiatives for the health, education, and oil & gas sectors.

The document listed the various 2021 definitive projects under the purview of the Bureau of Public Enterprises (BPE) to include the:

Nigeria Integrated Power Projects (NIPPS)

Calabar, Geregu, Omotosho and Benin (IHOVBOR)

Transmission Company of Nigeria (TCN)

Zungeru Hydro Plant;

Nigerian Postal Service (NIPOST)

Abuja Environmental Protection Board (AEPB) and

The Nigeria Film Corporation (NFC).

Read Also : Latest: Corporate Affairs Commission Unveils Two New Forms Of Business Registrations

Others are:

Federal Capital Territory Water Board.

Abuja International Conference Centre (AICC).

Save sugar company.

Lagos international trade fair complex (LTFC).

Tafawa Balewa Square (TBS).

River Basins Developments Authorities (RBDAS).

Bank of Agriculture (BOA) and

Nigeria Commodity Exchange (NCX).

Incentives
As part of its investment incentives in agriculture and agro-allied, transport, aviation, manufacturing, solid minerals and power sectors, the government is offering zero percent import duty on equipment, aircraft, machinery and other related equipment.

The general requirement to access the tariff based incentives include evidence of Corporate Affairs Commission’s registration, tax compliance by means of Tax Identification Number (TIN), certification by relevant ministry, among others.

Meanwhile, the Director-General of the Bureau of Public Enterprises (BPE), Alex Okoh, last week received the report of the federal government’s four inter-agency committees on the resuscitation of the ailing and non-performing privatised enterprises.

Read Also : Federal Government Approves New Salary Structure For National Identity Management Commission(NIMC) Staff

In a statement signed by the agency’s Head of Public Communications, Amina Othman, Mr Okoh assured of BPE’s commitment to collaborate with relevant agencies to resuscitate the moribund enterprises.

On March 23, the BPE inaugurated the four committees to help resolve the complexities and challenges hindering the growth and development of some privatised enterprises.

The teams were made up of members drawn from the relevant sectors, ministries, BPE and the private sector.

According to the statement, Mr Okoh disclosed that the government, through the National Council on Privatisation (NCP), had directed the BPE to investigate the causes of the poor performances of moribund enterprises.

“Also to proffer viable and acceptable solutions to resuscitating them to perform optimally, create employment, boost the economy and increase Gross Domestic Product (GDP) among other benefits,” the BPE director-general said.

Read Also : Latest: NDDC Audit Report Reveals 13,000 Projects Abandoned In Niger Delta Region(Details)

Mr Okoh assured that the findings of the committees would be shared among all stakeholders in order to spur them to meet their organisational objectives and that of the Nigerian government’s privatisation and reform programme.

Related posts

2023 Election: If You Did Not Get 25% In FCT, You Can Not Be Nigerian President – Agbakoba, SAN.

Hotmedia

INEC Has Declared APC Candidate, Bola Tinubu As Winner Of 2023 Presidential Election

Hotmedia

How To Choose The Best Home Insurance Policies And Company

Hotmedia

Breaking: 2023, Finally PDP Throws Presidential Ticket Open, Abandons South-East, David Mark Chairs Convention 

Hotmedia

Photos News: Presidential Election Tribunal Begins Hearing As Peter Obi Arrives

Hotmedia

Yuletide: Train, Empower Youth As Job Creators, Unemployed Youth Association Of Nigeria Urges FG

Hotmedia

Leave a Comment