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Privatisation: FG Generates N564.3bn From 123 Enterprises - Business - Nairaland

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Ex-minister Dalhatu’s Firm, Chicken Republic Owners, Others Owe UBA N9.3bn / 14 Years Of Privatisation: FG Earns Only N251bn / Foreign Reserves Fall To $32.3bn from $35.9 bn In August (2) (3) (4)

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Privatisation: FG Generates N564.3bn From 123 Enterprises by Obinoscopy(m): 9:31am On Dec 15, 2014
The Bureau of Public Enterprises (BPE) has said that the federal government realised more than N564.3 billion from privatisation of 123 enterprises.

The director-general of the BPE, Mr Benjamin Dikki, disclosed this in a paper presented over the weekend at the yearly workshop of the Commerce & Industry Correspondent Association of Nigeria (CICAN) entitled “Industrial Infrastructure Development: Public Private Initiatives.”

Dikki said that the BPE has concluded reforms in eight sectors of the economy namely telecommunications, power, banking and finance, marine, mining, industrial, steel, oil and gas, adding that government has also, so far, privatised 123 enterprises, including the recently concluded Power Holding Company of Nigeria (PHCN) successor companies and realised over N564.3 billion.

He noted that reforms and privatisation work which started over 20 years ago is hinged on the conviction that the private sector remains the sustainable driver of the total transformation of the Nigerian economy.

Dikki explained that privatisation of public enterprises has refocused government to governance and expanded private sector participation in the economy, saying that government is not a good business manager.

He also explained that this had led to reduction of future calls and revenue losses by federal government of about $10 billion for the 123 transaction, saying that this will expand the tax base through viable privatised public enterprises.

He pointed out that privatisation would continue to attract quality foreign investors and capital that will boost technology transfer, economic development and Forex inflow.
http://leadership.ng/business/395197/privatisation-fg-generates-n564-3bn-123-enterprises

2 Likes

Re: Privatisation: FG Generates N564.3bn From 123 Enterprises by DesChyko: 9:36am On Dec 15, 2014
Later someone would be asking Jonathan why he 'sold' Nigerian ventures.

The competition and subsequently, improved service that it brings along, revenue aside, counts for nothing to them.

Myopic view.

4 Likes

Re: Privatisation: FG Generates N564.3bn From 123 Enterprises by mistabiola: 9:54am On Dec 15, 2014
Doyin Okupe‬ says #‎Jonathan‬ is...."Jesus Christ bearing Your Cross." #‎GOOD‬ POINT.

Since we Christians believe the Crucifixion of Jesus brought Redemption, Let's nail the 'Quota System Ph.D' Jonathan to the Cross, so that Nigeria can be salvaged from the impending doldrum.

#iThink | #iBelieve | #iNewNigeria

#TakeBackNigeria | #‎iStand4NewNigeria

5 Likes

Re: Privatisation: FG Generates N564.3bn From 123 Enterprises by LMAyedun(m): 9:54am On Dec 15, 2014
So how will this add value to a common Nigerian undecided

1 Like

Re: Privatisation: FG Generates N564.3bn From 123 Enterprises by holatin(m): 9:54am On Dec 15, 2014
Really
but this is ow the money will be spend.

PEJ menstrual pad - 20 billion
GEJ family feeding allowance - 2 billion
Tan cloth allowance- 50 billion (u know dem many)
doyin okupe pocket money- 30 billion.
GEJ excort condom allowance- 2 billion
Asari pocket money- 50 billion
Tan feeding allowances- 100 billion
Pastor orithejafor allowance - 70 billion
Another private jet for campaign - 60 billion
Money for Soyinka (not sure if e go collect or not) - 35 billion.
Pdp lawmaker, legislative and senators- 159 billion
Pay 10 million in Nigeria debt ( for political favourism attention.



* will modify later

9 Likes 2 Shares

Re: Privatisation: FG Generates N564.3bn From 123 Enterprises by LordCenturion(m): 9:54am On Dec 15, 2014
GMB is the way *meanwhile*


here is PDP achievement since Abdulsalam abubakar hand over

1. Electricity : in 1999 = 32%..in 2014 = 5% ❌

2. Petroleum price : in 1999 = #18..in 2014 = #95 ❌

3. Naira to dollar : in 1999 = #85..2014 = #181 ❌

4. water : 1999 = 39%..2014 = 1% ❌

5. security : 1999 = 45%..2014 = 14% ❌

6. employment : 1999 = 57%..2014 = 9% ❌

7. government property maintenance such as
stadium,national theatre,refineries,schools,Roads etc :
1999 = 24%..2014 = 2% ❌

8. Education : 1999 = 57%..2014 = 88% ✔

9. corruption : 1999 = 47%..2014 = 85% ❌

10. Foreign investors : 1999 = 15%..2014 = 36% ❓

11. internet/Telecommunication system : 1999 = 9%..2014 =
79% ✔

12. crime : 1999 = 13%..2014 = 65% ❌

13. Medical care : 1999 = 27%..2014 = 38% ❓

14. Insurgency/Militants : 1999 = 1%..2014 = 71% ❌

15. Embezzlement : 1999 = 32%..2014 =86% ❌

16. Creativity : 1999 = 41%..2014 = 81% ✔

17. Poverty : 1999 = 68%..2014 = 42% ✔

18. New Roads : 1999 = 21%..2014 = 40% ❓

19. Kidnapping : 1999 = 3%..2014 = 91% ❌

20. Illiteracy : 1999 = 72%..2014 = 12% ✔

4 Likes

Re: Privatisation: FG Generates N564.3bn From 123 Enterprises by mckoolcharming(m): 9:54am On Dec 15, 2014
Observing........
Re: Privatisation: FG Generates N564.3bn From 123 Enterprises by hero31x(m): 9:54am On Dec 15, 2014
.
Re: Privatisation: FG Generates N564.3bn From 123 Enterprises by Olugbemee: 9:54am On Dec 15, 2014
So...
Re: Privatisation: FG Generates N564.3bn From 123 Enterprises by Wendyslim(f): 9:55am On Dec 15, 2014
Will be back
Re: Privatisation: FG Generates N564.3bn From 123 Enterprises by Morkavictor: 9:55am On Dec 15, 2014
Good
Re: Privatisation: FG Generates N564.3bn From 123 Enterprises by slightlyMad(f): 9:55am On Dec 15, 2014
money that will be re-routed out of the country via south africa.

How hard is it to commission a foreign firm with proven records to build a system that will add more MW to the national grid?
enough of the "Power has improved", lets do away with the generators
Re: Privatisation: FG Generates N564.3bn From 123 Enterprises by Oyecute(m): 9:56am On Dec 15, 2014
What can we show for it
Re: Privatisation: FG Generates N564.3bn From 123 Enterprises by Dekingmoses(m): 9:56am On Dec 15, 2014
What is my buzz, ar they going to give me part of the money?
Re: Privatisation: FG Generates N564.3bn From 123 Enterprises by PerfumeRepublik: 9:56am On Dec 15, 2014
As long as due process is observed,its a step in the right direction ....Agencies in charge of regulations should be efficient to make sure purpose of privatisation is not defeated
Re: Privatisation: FG Generates N564.3bn From 123 Enterprises by oc2fish: 9:56am On Dec 15, 2014
The selling of common resources to the cronies of Politicians and the subsequent looting of the proceed.
Re: Privatisation: FG Generates N564.3bn From 123 Enterprises by LMAyedun(m): 9:56am On Dec 15, 2014
LordCenturion:
GMB
GEJ
Re: Privatisation: FG Generates N564.3bn From 123 Enterprises by Nobody: 9:56am On Dec 15, 2014
DesChyko:
Later someone would be asking Jonathan why he 'sold' Nigerian ventures.

The competition and subsequently, improved service that it brings along, revenue aside, counts for nothing to them.

Myopic view.

It doesn't seem to be working in the Power sector.
Re: Privatisation: FG Generates N564.3bn From 123 Enterprises by lirusehn(m): 9:56am On Dec 15, 2014
actually i donno what to write. cheesy


*singing* Go FG undecided
Re: Privatisation: FG Generates N564.3bn From 123 Enterprises by DancingSkeleton(m): 9:56am On Dec 15, 2014
Where d money come dey go angry

1 Like

Re: Privatisation: FG Generates N564.3bn From 123 Enterprises by Greatomotoy: 9:56am On Dec 15, 2014
good
Re: Privatisation: FG Generates N564.3bn From 123 Enterprises by ddeola: 9:57am On Dec 15, 2014
Same same, all lies.

Power MUST change hands come 2015

1 Like

Re: Privatisation: FG Generates N564.3bn From 123 Enterprises by Lagusta(m): 9:57am On Dec 15, 2014
Yimu
Re: Privatisation: FG Generates N564.3bn From 123 Enterprises by IDOHOU: 9:57am On Dec 15, 2014
They keep telling us different lies. Una go go jail. The people's GENERAL is back. GMB2015

2 Likes

Re: Privatisation: FG Generates N564.3bn From 123 Enterprises by Lastdon02(m): 9:58am On Dec 15, 2014
so?
Re: Privatisation: FG Generates N564.3bn From 123 Enterprises by MrRhymes101(m): 9:58am On Dec 15, 2014
Can someone remind me of how this money is beneficial to a common man??
Re: Privatisation: FG Generates N564.3bn From 123 Enterprises by pekeyim: 9:59am On Dec 15, 2014
"E be like say, them want to tell us another story again"

1 Like

Re: Privatisation: FG Generates N564.3bn From 123 Enterprises by tyconcepts(f): 9:59am On Dec 15, 2014
Nairaland
Re: Privatisation: FG Generates N564.3bn From 123 Enterprises by lirusehn(m): 9:59am On Dec 15, 2014
mistabiola:
Doyin Okupe‬ says #‎Jonathan‬ is...."Jesus Christ bearing Your Cross." #‎GOOD‬ POINT.

Since we Christians believe the Crucifixion of Jesus brought Redemption, Let's nail the 'Quota System Ph.D' Jonathan to the Cross, so that Nigeria can be salvaged from the impending doldrum.

#iThink | #iBelieve | #iNewNigeria

#TakeBackNigeria | #‎iStand4NewNigeria


what is this bross saying? undecided
Re: Privatisation: FG Generates N564.3bn From 123 Enterprises by DesChyko: 9:59am On Dec 15, 2014
kennygee:


It doesn't seem to be working in the Power sector.

The power issue hasn't really reached standard in my location. But compared to before..

Well, they adjusted probably because of the introduction of prepaid meters.
Re: Privatisation: FG Generates N564.3bn From 123 Enterprises by Sweetlemon(f): 10:00am On Dec 15, 2014
How has this generated more jobs?

As for power, a sector that comes alive only during the rainy season, we are now in dry season. let's see how far nau. Let's see if the "power sector transformation" is really real.
Re: Privatisation: FG Generates N564.3bn From 123 Enterprises by Chinaimporter: 10:01am On Dec 15, 2014
[size=18pt]I have always being a gej supporter and was even ready to do anything to support his goverment but with the recent sanusi,tambawal,oritsejefor,tompolo and carious other sagas that recently played out.....i can say that gej is incompent albeit with a good heart so he should please leave tge seat and let a more effective person take over...thanks,[/size]

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