Minister of Budget and National planning Udo Udoma has said the Federal Government is considering sale of assets as part of its Economic Recovery and Growth Plan due to be launched next month. Udoma spoke at the Second Presidential Business Forum held at the old Banquet Hall of the Presidential Villa, Abuja, and presided over... Read More

Economic recovrry, Federal Government, National assets, privatisation, Udo Udoma

November 11, 2016

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FG won’t revoke power sector privatisation – Fashola

The Federal Government says it will not revoke the privatisation of the power sector. Minister for Power, Works and Housing Babatunde Fashola (SAN) stated this on Thursday while speaking at the Fifth European Union (EU)-Nigeria Business Forum at Eko Hotel, Victoria Island, Lagos. The two-day event with the theme: “Harnessing Nigeria’s Potential for Economic Growth”,... Read More

The News Blog

babatunde Fashola, Contracts, Federal Government, infrastructure, Power sector, privatisation

June 12, 2016

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Shehu Sani to Fashola: ‘We’ve moved from power epilepsy to power paralysis’

Senator Shehu Sani has taken a swipe at the Minister of Power, Works and Housing, Babatunde Fashola over the abject state of electricity supply in the country. The destruction of oil pipelines by militant group, Niger Delta Avengers has greatly affected the nation’s capacity to generate electricity in the past two months. According to the... Read More

The News Blog

babatunde Fashola, darkness, Electricity, nigeria, Power, privatisation, senator, Shehu Sani

December 24, 2015

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Lagos, Kano, Abuja and Port Harcourt airports may be privatised

Four of the major airports in Nigeria- Lagos, Abuja, Port Harcourt and Kano- may be privatised by the Federal Government. During a fact-finding and evaluation tour of the Murtala Muhammed Airport on Wednesday, Minister of Transportation, Rotimi Amaechi, hinted on the possibility of the privatising the airports. Amaechi said the proposed concession of the four airports would guarantee efficiency... Read More

The News Blog

airports, FG, minister of transportation, privatisation, Rotimi Amaechi

May 2, 2015

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David Mark feels your pain, goes after electricity operators… for you

by James Sambo Senate President, David Mark, is showing some empathy to the plight of Nigerians suffering the epileptic electricity supply in the country. On Friday, Mark lamented the fact that the promises made by investors in the wake of the privatisation of the sector, was yet to be fulfilled. He bemoaned the prevalent poor... Read More

The News Blog

David Mark, Electricity Management Services Limited, electricity operators, nigeria, Paul Mumeh, privatisation

September 9, 2013

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Ijeoma Nwogwugwu: Time to stop toying with the PIB (1)

by Ijeoma Nwogwugwu But as the legislators on both side of the divide bicker and employ delay tactics over what really are inconsequential issues that could easily be resolved, they have ignored the issues that have a greater impact on the Nigerian economy and its ability to attract investments into the sector. For 13 years,... Read More

economy, ijeoma nwogwugwu, nigeria, petroleum industry, PIB, privatisation, sector

March 31, 2013

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Simon Kolawole: Ibeto locks horns with Ebonyi gov’t – A most wasteful process

by Simon Kolawole The notion that the government can do and undo irrespective of legal requirements can only discourage private investors. I further fear that if Ebonyi succeeds in muscling out Ibeto, the legal wrangling will go on for ages and Nigercem will remain moribund. I would say since 1999, two economic policies have always... Read More

aliko dangote, Benue Cement Company, deregulation, Eastern Bulkcem Nigeria Limited (EBNL), Ebonyi State, Ibeto Group, Nigercem, privatisation

January 23, 2013

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Opinion: It’s time to adopt an alternative privatization model

by Akintola Omigbodun A situation in which AMCON will have to take over from the banks at a future date any bad loans granted to the electric power sector must be avoided.. Whenever the Federal Government of Nigeria, FGN, announces that some venture or other is to be privatised, there is the feeling that the... Read More

AMCON, Federal PAlace Hotel, IGNL, Ikeja Hotel, NITEL, privatisation, Sheraton Hotel

October 23, 2012

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Edo, Delta, Ondo and Ekiti lost power bid because they cheated – Atedo Peterside

by Rachel Ogbu Picture: The Punch The four states said to have invested in power production have failed in their combined attempt to make their preferred power distribution bidder – Southern Electric Distribution Company – the winner. They blame the unfairness of the process. Governors of Edo, Delta, Ondo and Ekiti, whose consortium submitted a... Read More

Electricity, Power, privatisation

September 14, 2012

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PHCN privatisation weighed down by 300 court cases and N500 billion claims

by Stanley Azuakola Nigeria’s president, Goodluck Jonathan has made no pretences about his desire to ensure that Nigerians begin to enjoy regular power supply while he is president. In line with that, the president and his cabinet have been working hard to ensure that the privatisation of the Power Holding Company of Nigeria (PHCN) goes... Read More

claims, litigations, NELMCO< Sam Agbogun, PHCN, privatisation

August 31, 2012

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Why Barth Nnaji had to go – President Jonathan

by Stanley Azuakola In Anambra State yesterday, President Goodluck Jonathan validated the position of the ex-minister of Power Barth Nnaji that he did not resign because of any wrongdoing. Nnaji resigned on Tuesday and despite his best assurances that he voluntarily resigned to protect his integrity, there’s been various speculations on the reason for his... Read More

Afam Power station, Barth Nnaji, Geometric, Goodluck Jonathan, power minister, privatisation, Resign, Why Barth Nnaji had to go - President Jonathan

August 29, 2012

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Why I resigned – Barth Nnaji

by Stanley Azuakola Barth Nnaji — Nigeria’s Minister of Power until yesterday — has explained the reason for his surprise move to resign from the federal cabinet yesterday. According to him, he took the decision in order to save the privatisation and reform programme from people who might want to use ulterior motives to jeopardise it. His... Read More

Afam Power station, Barth Nnaji, Geometric, Goodluck Jonathan, power minister, privatisation, Resign

FG to privatise national assets as part of economic recovery plan

FG won’t revoke power sector privatisation – Fashola

Shehu Sani to Fashola: ‘We’ve moved from power epilepsy to power paralysis’

Lagos, Kano, Abuja and Port Harcourt airports may be privatised

David Mark feels your pain, goes after electricity operators… for you

Ijeoma Nwogwugwu: Time to stop toying with the PIB (1)

Simon Kolawole: Ibeto locks horns with Ebonyi gov’t – A most wasteful process

Opinion: It’s time to adopt an alternative privatization model

Edo, Delta, Ondo and Ekiti lost power bid because they cheated – Atedo Peterside

PHCN privatisation weighed down by 300 court cases and N500 billion claims

Why Barth Nnaji had to go – President Jonathan

Why I resigned – Barth Nnaji

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