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The properties about to be listed, which are no lesser than 36 properties, are the properties the Federal Government are meaning to sell or concession in order to raise revenue to finance the 2021 budget.
The document containing these listed properties and strategies for raising revenue from them, which includes, Sale, concessions, and outright commercialization has been submitted to the National House of Assembly for review and appendage.
SUMMARY OF SAID PROPERTIES
Yola Electricity Distribution to be sold to Company, Core Investor
Conclusion of Afam Power & Afam to be sold to Three Fast Power Limited, Core Investor, price unknown.
Mineral House Lagos Asset to be sold
Geregu Power (20% Shareholding Sale) Willing Buyer
Zungeru Hydro Power for Concession
Transmission Company of Nigeria also for Concession
NIPP to be sold, Core Investor,
Refineries for sale, Core Investor, cost unknown.
NIPOST Restructuring/Modernisation for Reform/Restructuring
Nigerian Film Corporation for Commercialisation
AEPB Concession
Nigerian Hotels (in-liquidation) - Resolution of Residual Issues
NITEL/MTEL Residual Issues Resolution
Abuja Water Board for Commercialisation
FG’s Shares in Sales Sugar Company for sale
ICC for Concession
River Basin Development Authorities for Commercialisation/Concession
Tafawa Balewa Square for Concession
Lagos Intl Trade Fair Complex for Concession
Restructuring of FMBN/FHA for Restructuring
Bank of Agriculture for Restructuring/Recapitalisation
Nigeria Commodity Exchange Restructuring/Recapitalisation
Evaluation of DISCOs & GENCOs
Core investor sale means that 51 percent of the shares are sold out and Concession is a form of public-private ownership of an enterprise where the enterprise is maintained and managed for a period of time as agreed.
There as being conflict resulting from this amongst the Director General of BPE and the Senate committee on privatization led by Theodore Orji who complained that the DG of BPE Alex Okoh is refusing to carry them along in the sale of these properties.
