Nigeria Business Information
No Result
View All Result
Sunday, May 29, 2022
  • Login
  • Register
  • Home
  • Tenders
  • Auction
  • News
  • Grant
  • Subscription
Subscribe
Nigeria Business Information
  • Home
  • Tenders
  • Auction
  • News
  • Grant
  • Subscription
No Result
View All Result
Nigeria Business Information
No Result
View All Result
Home Nigeria News

Governors to Review FG’s Planned to Privatize 10 Power Plants

by SAMUEL Olugbenro
December 17, 2021
in Nigeria News
Nipp Plants

Describing the 10 National Integrated Power Projects (NIPPs) power generating plants under the management of the Niger Delta Power Holding Company of Nigeria, as “critical national assets,” the State Governors on Thursday declared that they would review the Federal Government’s plan to privatize the facilities.

State governments own 53 per cent share of the NIPPs, while the Federal Government owns the remaining 47 per cent.

In a communique issued at the end of the 36th teleconference meeting of the Nigeria Governors’ Forum, signed by the NGF Chairman, Governor Kayode Fayemi, and obtained in Abuja on Thursday, the governors said the proposed NIPPs privatisation would be reviewed.

The communique read in part, “On the proposed privatisation of the 10 generating plants located across the country under the National Integrated Power Projects, members received a detailed presentation by the Director-General of the Bureau of Public Enterprises, Alex Okoh.

READ ALSO: Upward Review of Police Salary Takes Effect from January 2022

RelatedPosts

Central Securities Clearing System Plc (CSCS)- Request For Proposal For Independent Assessment Of Internal Audit Function

Germany Cooperation- Invitation To Tender To The Provision Of Event Planning Services For The Sea-Hub National Competition In Abuja

Lagos State Employment Trust Fund (LSETF)- Request For Proposals For The Engagement Of A Consulting Firm To Implement A Labour Market Information System For The State

“And resolved to review and communicate through their board representatives, their assessment and position on the privatisation of what they consider critical national assets.

“States currently own a total of 53 per cent equity in NIPPs, while the Federal Government owns a 47 per cent stake.”

There had been diverse positions as touching the proposal by the Federal Government through the BPE for the privatisation of the 10 NIPPs.

For instance, the BPE assured prospective power investors in July this year that five of the National Integrated Power Plants put up for sale would go on as planned despite calls for its suspension by the House of Representatives.

In response to this, the National Petroleum Company (NNPC) had submitted Expression of Interest to the BPE to acquire the five NIPPs though the NNPC Gas and Power Investment Company Limited.

The House also mandated its Committees on Power; and Privatisation and Commercialisation to investigate the planned sale of the plants.

But the BPE later in July said the Federal Government was determined to resuscitate the power plants and put them to full use to meet the electricity needs of the people and growth of the nation, and as such would privatise them.

TOOLKIT: Are You New to Tenders/Contract Bidding and Require Assistance? CLICK HERE

ShareTweetShare

POPULAR

  • Individual Tin

    How to Check for your Individual TIN (Tax Identification Number) Online

    0 shares
    Share 0 Tweet 0
  • Check List of NGO/Governments Tenders with May 2022 Deadlines

    0 shares
    Share 0 Tweet 0
  • How to Check Your Ikeja Electric (IKEDC) E-bills Online

    0 shares
    Share 0 Tweet 0
  • How to Register for Company/Business TIN (Tax Identification Number) Online

    0 shares
    Share 0 Tweet 0
  • Plan International Nigeria- Request For Proposal (RFP) For The Provision Of Teaching & Learning Materials

    0 shares
    Share 0 Tweet 0

Copyright © 2021. All Right Reserved Nigeria Business Information

No Result
View All Result
  • Home
  • Tenders
  • Auction
  • News
  • Grant
  • Subscription

Copyright © 2021. All Right Reserved Nigeria Business Information

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

instagram volgers kopen volgers kopen buy windows 10 pro buy windows 11 pro

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.