*ordered to pay N189 million to core investor or, no budget for 2022 Tom Okpe, Abuja The House of Representatives committee on Privatisation and commercialisation has directed the the Bureau of Public Enterprise (BPE) to pay outstanding balance of N189 million to Jorotom, core investor that acquired National Clearing and Forwarding Agency (NACFA) at privatization. […]
The Nigeria Labour Congress (NLC) has kicked against the privatisation of education in the country. The NLC President, Mr Ayuba Wabba made this known at the 3rd National Quadrennial Conference of the union in Abuja on Wednesday. The theme of the conference is: “Trade Unions and Emerging Challenges in the World of Work”. The News […]
The Federal Government has reiterated its commitment to providing an enabling environment and the necessary support for privatised enterprises to perform optimally to realise the objectives of their privatisation. Mr Alex Okoh, the Director-General of the Bureau of Public Enterprises (BPE), said this in a statement by Amina Othman, Head of Public Communications, on Friday […]
President of the Senate, Ahmad Lawan on Monday lamented the privatisation and liberalisation of the nation’s power sector which he said has not yielded expected results. This is as he charged the Senate Committee on Power to look at what has happened to the agreement signed in 2013 on the privatisation of the sector. Lawan […]
…says pension fund privatisation criminal Privatisation of public amenities across the country, has been described as a killer disease ravaging the Nation and the root of under Development, just as handing the National pension fund to individuals to manage is also a death sentence to citizens. This however, was the idear of the visiting General […]
The House of Representatives Committee on Power and Privatisation has commended Jos Disco on its customers enumeration and metering programmes. The committee made the commendation during a two days routine visitation to the company. Speaking at the occasion, the committee chairman, Shadimu Mutiu, said the committee on Privatization and Commercialisation was impressed by the metering […]
Electricity Distribution Companies, DISCOs, Generation Companies, GENCOs, are currently receiving backlashes from their workers, under the platform of National Union of Electricity Employees, NUEE, for failing to provide working tools and other materials since the privatisation of the power sector four years ago. The union in a communiqué at the end of its National Executive […]
As part of measures to improve postal services in Nigeria, the Federal Government has approved a partial sale of the Nigerian Postal Service (NIPOST) with a view to making it operate as a commercial entity with a strong corporate brand. Minister of Communications, Adebayo Shittu, disclosed this recently while inaugurating the steering committee and project […]
Simon Ugwu Dr. Kandeh Yumkella, a two-term former Director-General of United Nations Industrial Development Organisation (UNIDO), says Nigeria needs to be consistent in implementation of its energy policies to experience development of the energy sector. Yumkella stated this in Abuja, adding that consistency in implementation of energy pricing for electricity was key to attracting the […]
Say if exit is poorly managed, recession could re-occur again ‘Nigeria only out of recession technically’ As Nigeria, Africa’s largest economy was believed to have exited its worst recession in 29 years on Tuesday, financial analysts have urged the Federal Government to focus more on privatisation of its major sectors, while also continuing with its […]
The National Council on Privatisation, NCP, chaired by Vice President Yemi Osinbajo, has approved the commencement of the privatisation of Afam Power plants 1 to 5 in Rivers, NAN reports. According to Laolu Akande, the vice-presidential spokesperson the measure is to inject additional power into the national grid and improve electricity supply nationwide. Akande said on […]
The Nigerian Commodity Exchange (NCX) project may soon bounce back, following moves by the Federal government to revamp it. The government foresees the NCX as playing a role in the revamping of the Nigerian economy through the promotion of non-oil export sector, and has already selected three consortia as prospective advisers for the exchange. Dr […]
The Federal Government on Wednesday urged the incoming administration of Gen Muhammadu Buhari to avoid reversing the extant privatization policy in the power sector. Speaking to State House Correspondents against the backdrop of suggestions to that effect, the Minister of Power, Prof Chinedu Nebo said the policy was implemented in the overall interest of the […]
Activities at the Federal Medical Centre (FMC), Owerri were temporally paralysed, on Thursday, following a peaceful demonstration embarked upon by staff of the hospital over planned privatisation of the establishment. The protesting workers, under the aegis of the Nigeria Union of Allied Health Professionals (NUAHP), alleged that the management of the hospital had concluded plans […]
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