The Bureau of Public Enterprises (BPE) has said that an estimated N493.404 billion is expected from the concession of the Transmission Company of Nigeria (TCN) and sale of five Nigerian National Integrated Power Projects (NIPPs); Zungeru Hydro Power concession; Geregu power and Abuja Water Board. Other entities for sale include Abuja International Conference Centre; sale of FGN’s share in Savannah Sugar Company; the desk review and segmentation of all outstanding privatised enterprises into two categories and the impact assessment study of privatised enterprises- fertilizer and sugar companies. xThe BPE noted that it has handed off the privatisation of Nigeria’s four refineries adding that the transaction is now wholly under the Nigerian National Petroleum Corporation (NNPC). The Bureau, yesterday, also denied any role in the planned acquisition of a 20 per cent stake in the Dangote Refinery by the NNPC. Okoh yesterday said: “We are not in charge of NNPC’s refineries.

Source: The Guardian July 13, 2021 03:21 UTC