Abuja - The Bureau of Public Enterprise (BPE) in Abuja on Tuesday said
N397.7 billion was generated through privatisation transactions in 2013.
The BPE Director-General, Benjamin Dikki, made this known at a news briefing
to unveil the 2014 Work Plan of the bureau.
Dikki said that the revenue generated from the various privatisation
processes in 2013 were mostly from the privatisation of the 17 power companies
of the former Power Holding Company of Nigeria (PHCN).
He noted that in the 2014 work plan,
the bureau has proposed to handle a total of 23 definite transactions.
``Consequently, we envisage gross proceeds of N535.5 billion from the
definite transactions. We hope to realise about N211.3 billion from prospective
transactions when they are executed,’’ Dikki said.
He said the bureau was definite to execute transactions in the transport,
information, mines and steel sectors as well as the natural facilities and
agricultural resources department in 2014.
According to him, these media enterprises to be commercialised within the
year are Nigeria Television Authority, Federal Radio Corporation of Nigeria,
National Film Corporation and also the News Agency of Nigeria.
He said the bureau would pursue the enactment of seven reform bills still
pending at the National Assembly to kick start the privatisation process in
He said the seven reform bills were the Railway, Inland Water ways, Federal
Road Authority, National Transport Commission, Ports and Harbour, Federal
Competition and Consumer Protection, and Postal Reform.
Dikki pledged the bureau's commitment to improve the nation's economy
through its strategised privatisation of government agencies.
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