BPE Generate $7.8bn From Privatisation In 18 Years   The Federal Government generated a total of $7.8bn Foreign Direct Investment from the sale of 53 publicly-owned companies in the last 18 years, the Bureau of Public Enterprises has said. The Director-General, BPE, Mr. Alex Okoh, who stated...

Power Sector: Privatising Cuts Ministry Staff By 14,000   The 2013 privatisation of power sector cut staff numbers down from 15,000 to less than 1,000, says power, works and housing minister Babatunde Fashola. Fashola who said this when he inaugurated the Chairman of the Nigerian Electricity Regulatory...

Workers Oppose Power Sector Privatisation, 5% Petrol Levy   Nigerian workers on Tuesday kicked against the introduction of a five per cent levy on the Premium Motor Spirit, popularly called petrol, as proposed in the Petroleum Industry Governance Bill that was passed recently by the National...

301 Reps kick Against Ajaokuta’s Privatisation     A Bill for an Act to amend the Public Enterprise (Privatisation and Commercialisation) Act to review the list of enterprises to be privatised passed second reading at the House of Representatives. The bill which was sponsored by Rep. Nkem Abonta...

The President/CEO Dangote Group, Aliko Dangote has said the power sector privatisation was done wrongly and suggested it should be reversed. He said the problem in the power sector has persisted despite privatisation because the buyers lack understanding of the complexities of the sector. Dangote made...