Nigeria: Standstill Unlimited as FG Misses 7th FEC Meetings Since May 29
…As decisions statutorily meant for ministers remain stranded Today, July 10, 2019, marks yet another missed Federal Executive Council (FEC) meeting by the Federal Government of Nigeria due to no appointment of ministers who will serve as both administrative heads…
Lack of reliable regulatory framework killing investments in oil, gas sector—Atiku
…As idleness hits Kaduna refinery leading to loss of N18.7bn in 7 months Presidential hopeful of the Peoples Democratic Party (PDP) and former Vice President, Alhaji Atiku Abubakar has given insights on the scanty volume of deep pocket investment in…
FG should forget plans to sell Ajaokuta steel complex—NASS
Barely 24 hours after the Federal Government revealed its readiness to offer more of its assets for sale soon, under the ongoing privatisation programme including Ajaokuta Steel Complex, a federal lawmaker has cautioned against the move, saying “House of Representatives…
Mixed feelings trail FG’s offload of 12.4bn shares in NSPMC to CBN, BPE
The recent sale of Federal Government’s 21 percent of its stake in the Nigeria Security Printing and Minting Company (NSPMC), amounting to 12.4 billion shares to the Central Bank of Nigeria (CBN) and the Bureau of Public Enterprises (BPE), has…
SERAP drags Fashola to court, seeks interpretation of spending on power firms
Global best practices on privatization means no more government involvements in terms of expenses either for or on behalf of new owners of privatized government enterprises. However, the Socio-Economic Rights and Accountability Project (SERAP) has observed that this is not…
FG to unbundle NIPOST to 5 firms from ongoing commercialisation scheme—Shittu
The Minister of Communications, Barr Adebayo Shittu has once again, restated the resolve of returning the hitherto moribund Nigerian Postal Service (NIPOST) to relevance with ongoing modernisation and commercialization programme. He said the diversification drive for NIPOST is borne out…
Battle for the soul of ASC rages as NASS moves to amend privatisation law
Though the federal government has given a clear indication that it is not ready to change its mind in going ahead to re-privatize the moribund Ajaokuta Steel Complex (ASC) in Kogi State, it is yet to hire transaction adviser. But…
Shittu finally fails to save NIPOST upon all claims to make it viable
…As NCP shops for agency’s commercialisation transaction adviser The seating of the management of the National Council on Privatisation (NCP) chaired by Vice President Yemi Osinbajo last Friday where some decisions critical to the privatisation process of some moribund parastatals…
Privatisation: Major fault on TCN Afam line 2
Barely three days after the National Council on Privatisation (NCP), chaired by the Vice president, Yemi Osinbajo announced moves to privatise the five lines at Afam Power plant to boost investments and power supply, the Port Harcourt Electricity Distribution Company,…
