President Goodluck Jonathan has approved the commencement of the privatization of the nation’s four refineries by the Bureau of Public Enterprises (BPE).
Besides, the President has also approved the constitution of a steering committee on the privatization process that involves all relevant stakeholder, ministries and agencies.
The Head, Public Communications at BPE, Chigbo Anichebe, disclosed this in a statement on Friday.
According to BPE, the decision is in furtherance of the economic reform programme of the present administration.
The statement said, “This is in keeping with the Transformation Agenda, which seeks to catalyze and provide an enabling environment for the private sector to be the drivers of economic growth in the country.”
The four refineries are – Port Harcourt Refining Company Limited (PHRC) I, Port Harcourt Refining Company Limited (PHRC) II, Kaduna Refining & Petrochemical Company Limited (KRPC) and Warri Refining & Petrochemical Company Limited (WRPC).

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Best news of the year

Economic Reform indeed

This news will never make it to the FP.

Great news. Let them fast forward the process. I'm already enjoying the benefits of PHCN privatisation.

Is this really great News
The credentials of Bureau of Public Enterprises (BPE).
Deputy Director
Razaq Adedigba
Appointment as Member, Editorial Board of The Guardian Newspapers, A prominent member of the team that established and nurtured The Comet Newspaper in 1999; As Project Manager of Papers Mills reviewed the stalled privatization of Iwopin Pulp and Paper Company and recommended a new strategy leading to the successful privatization of the enterprise supervised the negotiation of new strategy

That company has done nothing they are part of NPC and they can't even do that job correct now they will hold the refineries jeez

Sincere 9gerian: Great news. Let them fast forward the process. I'm already enjoying the benefits of PHCN privatisation.

If privatisation simply translate to constant light I'm enjoying now in my part of Portharcourt then privatisation is the best.

Longeria: If privatisation simply translate to constant light I'm enjoying now in my part of Portharcourt then privatisation is the best.

Hope you are paying your bill

Pls what is the process of biding n which parastatal can one go to?

After handing billion of dollars to that fraudster for TAM.
The usual noisemakers.

Longeria: If privatisation simply translate to constant light I'm enjoying now in my part of Portharcourt then privatisation is the best.

you are enjoying steady power because amaechi is aggressively tackling distribution

@op.....this is very good news.i hope it scales through

Is this critical news underserving of the front page?

Another good step by GEJ.