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FG Lists 91 Firms For Privatisation, Commercialisation
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By Eniekenemi Atoukudu - 9/3/2025, 2:32:42 PM
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The Federal Government on Tuesday announced plans to sell no fewer than 91 public enterprises to private investors as part of its ongoing efforts to divest from commercial ventures and enhance their economic impact. The Director-General of the Bureau of Public Enterprises (BPE), Mr. Ayodeji Gbeleyi, disclosed this at a media briefing in Abuja but declined to reveal the names of the companies involved. He emphasized that decisions on whether to sell or concession any enterprise would be guided strictly by national interest. According to him, the 91 enterprises earmarked for privatization or concessioning include 16 in the oil and gas sector—such as refineries and depots—12 in agriculture, 20 in aviation, and 28 covering stadiums and other public facilities. Others fall under mines and steel, transport, eco-tourism, and two agencies owned by the Federal Capital Territory Administration. Mr. Gbeleyi explained that equity in 35 of the enterprises would be fully privatized, while 57 would undergo partial privatization, though he did not provide specifics. Highlighting the agency’s mandate under the Presidency’s economic growth agenda, the BPE boss announced plans to execute 15 strategic projects expected to generate N312.3 billion under the 2025 Appropriation Act. These include six revenue-generating assets sales and nine reform-focused initiatives. He further noted that the agency would prioritize boosting agriculture to achieve food security and accelerating key transactions in the power sector to improve energy supply. On disputes arising from past privatization exercises, he assured that the BPE was working closely with the Attorney General’s office to resolve them. Gbeleyi said, “We are engaging with the Office of the Attorney General and Ministry of Justice, and the office of the Vice President towards resolving the longstanding ALSCON’s complex legal issues As well as the EFCC to resolve the longstanding litigation involving the Foreshore Towers property in Ikoyi, Lagos, part of the non-core assets of the privatised NITEL/MTEL.” He said the BPE is working with the Ministry of Budget & Economic Planning and other key stakeholders to develop a pipeline of catalytic PPP projects in the areas of airports, roads, rail, inland waterways, seaports,agriculture, education, health, housing, ICT and Security to boost the economy. Answering a reporter’s question on the refusal of the agency to obey court orders, even the one issued by the Supreme Court of Nigeria, the BPE boss declared that organisation under his leadership would not flout any order issue by the court going forward. Gbeleyi said, “The PBE will not disobey any court order as we have already strengthened our capacity to deal with the law and fulfil our mandate as a lead agency of the federal government of Nigeria. “We will continue to remain law-abiding and lead by example so that none of our decisions can violate the laws of Nigeria,” the DG pledged.
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