Thursday, September 7, 2017

Eight (8) Projects Approves By National Council On Privatization (NCP)

The vice president Professor Yemi Osinbajo, chaired the National Council on privatization (NCP) which met on August 22 and 23 2017, and approved the following project:
  1. The immediate revocation of the Lagos International Trade Fair Complex
  2. Commencement of privatization of Afam power plants 1-5 to inject additional power into the national grid and improve electricity nationwide
  3. Pursuit of an out of court settlement involving the privatisation of Aluminium smelter company of Nigeria (ALSCON)
  4. Immediate commencement of a fresh privatization of Yola Electricity Distribution Company
  5. Amendments to work plan for the conclusion of the transaction for the concessioning of Terminal B Warri Old Port.
  6. The restructuring and recapitalisation of the Bank of Agriculture.
  7. Immediate commencement of reform and commercialisation of the river basin development authorities, to revitalise irrigation
  8. The partial commercialization of Nigeria's National Parks using three key national parks as pilot projects.
The NCP is the highest decision making body on the privatisation and commercialisation policies of the Federal Government of Nigeria.

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