An investors’ guide invites investors to take advantage of the opportunities available and incentives offered by the government and buy into those businesses.

By Oladeinde Olawoyin


The Nigerian government hopes to sell or temporarily hand over control of dozens of state-owned businesses in a bid to resuscitate them in 2021 and beyond.

An investors’ guide by the Bureau of Public Enterprises (BPE) invites potential investors to take advantage of the opportunities available and incentives offered by the government and buy into those businesses.

“In our collective efforts to create the enabling environment for the private sector to become the centre point for growth and economic prosperity, the Bureau has reformed and privatised over 234 public enterprises and carried out far-reaching reforms that have transformed the Telecommunications, Pension, the Ports Terminals, Debt Management and the Power Sector, among others,” the document said.

For the current year and beyond, the Bureau said it has over 36 transactions and projects, including new reform initiatives for the health, education, and oil & gas sectors.

The document listed the various 2021 definitive projects under the purview of the Bureau of Public Enterprises (BPE) to include the Nigeria Integrated Power Projects (NIPPS); Calabar, Geregu, Omotosho and Benin (IHOVBOR); Transmission Company of Nigeria (TCN); Zungeru Hydro Plant; Nigerian Postal Service (NIPOST); Abuja Environmental Protection Board (AEPB) and the Nigeria Film Corporation (NFC).

Others are the Federal Capital Territory Water Board; Abuja International Conference Centre (AICC); Save sugar company; Lagos international trade fair complex (LTFC); Tafawa Balewa Square (TBS); River Basins Developments Authorities (RBDAS); Bank of Agriculture (BOA) and the Nigeria Commodity Exchange (NCX).


Incentive

As part of its investment incentives in agriculture and agro-allied, transport, aviation, manufacturing, solid minerals and power sectors, the government is offering zero percent import duty on equipment, aircraft, machinery and other related equipment.

The general requirement to access the tariff based incentives include evidence of Corporate Affairs Commission’s registration, tax compliance by means of Tax Identification Number (TIN), certification by relevant ministry, among others.

Meanwhile, the Director-General of the Bureau of Public Enterprises (BPE), Alex Okoh, last week received the report of the federal government’s four inter-agency committees on the resuscitation of the ailing and non performing privatised enterprises.

In a statement signed by the agency’s Head of Public Communications, Amina Othman, Mr Okoh assured of BPE’s commitment to collaborate with relevant agencies to resuscitate the moribund enterprises.

On March 23, the BPE inaugurated the four committees to help resolve the complexities and challenges hindering the growth and development of some privatised enterprises.

The teams were made up of members drawn from the relevant sectors, ministries, BPE and the private sector.

According to the statement, Mr Okoh disclosed that the government, through the National Council on Privatisation (NCP), had directed the BPE to investigate the causes of the poor performances of moribund enterprises.

“Also to proffer viable and acceptable solutions to resuscitating them to perform optimally, create employment, boost the economy and increase Gross Domestic Product (GDP) among other benefits,” the BPE director-general said.

Mr Okoh assured that the findings of the committees would be shared among all stakeholders in order to spur them to meet their organisational objectives and that of the Nigerian government’s privatisation and reform programme.

https://www.premiumtimesng.com/business/business-news/483013-nigerian-govt-outlines-firms-for-sale-concession-full-list.html

Ok

Buhari don finish this country, kpata-kpata.

They are still selling off national assets so that they can continue their looting frenzy -

Baba God, please give us the knowledge and the instant sense to ask for an elaboration when a group of persons promise us a Change, or when they want to take us to the Next Level.

What is Osinbajo saying in all these foolery?

I can bet you didn't read the article. You definitely don't have the requisite IQ to understand it.

You're just a bandwagonner. Someone that criticises just because it's popular to do so


PS - I am not a fan of Buhari and his dullard ways...at all!

chariisGRACE:
[s]Buhari don finish this country, kpata-kpata.

They are still selling off national assets so that they can continue their looting frenzy -

Baba God, please give us the knowledge and the instant sense to ask for an elaboration when a group of persons promise us a Change, or when they want to take us to the Next Level. [/s]

Final stages of a failed nation.
The death is a slow and painful process.

I support Nipost own.The workers and their offsprings are on looting spree.Always tampering with ppls parcels.

Idiots!

Ajaokuta steel should be put up for sale too

Someone who has never created wealth can never manage wealth. That is the problem Buhari has.

Hmmm

.

Welcome development!

The government's job is to make laws and the enabling environment for businesses to thrive. The government needs to get out of the way.

Privatizing these lost-making agencies will bring more efficiency and accountability.

However, the government should create a price ceiling for the potential buyers to avoid exploitation.

Tinubu will finally get his hands on the Trade Fair complex. Together with Osibanjo and the Lagos State government, they have been angling to hyjack the Trade Fair complex since the inception of buharis government

Na una vote buhari. Make una dey enjoy next level of change

Abeg they should include the name of Dollardinho and all his cabinet members. They all have failed along side the companies listed above.

Business as usual, buhari who is yet to create an asset for the future if Nigerians is here busy selling the ones created by our previous government . May sense fall on our Yoruba brothers who ignorantly voted for this man.

Government that has nothing to offer.

dre11:
An investors’ guide invites investors to take advantage of the opportunities available and incentives offered by the government and buy into those businesses.


https://128btc.org/Login/Register/740763

https://www.premiumtimesng.com/business/business-news/483013-nigerian-govt-outlines-firms-for-sale-concession-full-list.html

chariisGRACE:
Buhari don finish this country, kpata-kpata.

They are still selling off national assets so that they can continue their looting frenzy -

Baba God, please give us the knowledge and the instant sense to ask for an elaboration when a group of persons promise us a Change, or when they want to take us to the Next Level.

There is nothing wrong in the Government selling those assets. They hardly make any gains from them.

dre11:
An investors’ guide invites investors to take advantage of the opportunities available and incentives offered by the government and buy into those businesses.




https://www.premiumtimesng.com/business/business-news/483013-nigerian-govt-outlines-firms-for-sale-concession-full-list.html

How much ?

Terrence99:
Someone who has never created wealth can never manage wealth. That is the problem Buhari has.

All those agencies are not making any profit. They depend on the FG to survive.

Dukeolumidemans:
Abeg they should include the name of Dollardinho and all his cabinet members. They all have failed along side the companies listed above.

Interesting developments...

Need to understand whether this is a PPI or full sale with what terms of engagement

.

Federal Universities and polytechnics will soon follow

dre11:
An investors’ guide invites investors to take advantage of the opportunities available and incentives offered by the government and buy into those businesses.



https://www.premiumtimesng.com/business/business-news/483013-nigerian-govt-outlines-firms-for-sale-concession-full-list.html

How can you sell an environmental protection board?

Atiku will be crying, this is a familiar terrain for him

ewerez:
Federal Universities and polytechnics will soon follow

And some states too

B

I remember when Atiku was campaigning in 2015, they used this against him. He was heavily criticised for saying he'd concession most of government assets like nnpc.

Same people are now trying to do the same thing

All these steps is just beating around d bush y not put up the country for sale.