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National Council on Privatisation (NCP) Approves 8 Projects.

The National Council on Privatisation (NCP), chaired by Vice President Professor Yemi Osinbajo, met on August 22 and 23, 2017, and approved the following:

Vp Yemi Osinbajo NCP
  • Commencement of privatisation of Afam Power plants 1–5 to inject additional power into the national grid & improve electricity nationwide.

 

  • Pursuit of an out-of-court settlement involving the privatisation of Aluminium Smelter Company of Nigeria (ALSCON).

 

  • The immediate revocation of the concession of the Lagos International Trade Fair Complex.

 

  • Immediate commencement of a fresh privatisation of Yola Electricity Distribution Company.

 

  • Amendments to Work Plan for the conclusion of the transaction for the concessioning of Terminal “B” Warri Old Port.

 

  • The restructuring and recapitalisation of the Bank of Agriculture.

 

  • Immediate commencement of reform and commercialisation of the River Basin Development Authorities, to revitalise irrigation.

 

  • The partial commercialisation of Nigeria’s National Parks using three key national parks as pilot projects.

 

The NCP is the highest decision-making body on the privatisation and commercialisation policies of the Federal Goverment of Nigeria #NCPBrief.

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