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Refineries To Be Sold Soon – BPE

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Director General of Bureau of Public Enterprises (BPE), Mr. Benjamin Dikki, yesterday, disclosed that Nigeria’s four refineries will be up for sale as soon as the Petroleum Industry Bill (PIB) is passed into law.

Dikki made this known when the Thailand Ambassador to Nigeria, Mr. Chailert Limsomboon, paid him a courtesy call. He affirmed that the PIB is currently before the National Assembly and would soon be passed into law.

“As soon as the bill is passed, the refineries will be privatised and the pipelines and depots concessioned,” he assured.

Dikki listed the huge growth potentials in key sectors of the Nigerian economy, adding that the bureau was currently concentrating on perfecting the legal and regulatory framework for all the sectors of the economy to create the enabling environment for private sector participation.

He noted that the purpose of the review of the legal and regulatory frameworks was to aggregate the regulatory powers currently dispersed in various agencies in each sector into one sector regulator and separate policy from regulation.

According to him, 15 out of the 17 successor companies created out of the Power Holding Company of Nigeria (PHCN) are fully in the hands of the private sector while the remaining two are at the concluding stages for handover to the private sector, adding that the Transmission Company of Nigeria would continue to reside with the Federal Government.

Earlier, the ambassador disclosed that his country has made economic cooperation with Nigeria the high point of its new Africa Initiative.

He noted that in the past, Thailand had not paid enough attention to the economic opportunities in the West African sub-region, particularly Nigeria.

“Hope we have not missed the train in the Nigeria privatisation programme?”

According to him, he would make exploration of business opportunities and expansion of economic cooperation with Nigeria a priority, adding that the purpose of the visit was to learn about the reform and privatisation policy in Nigeria and the new growth sectors to properly sensitise the Thai business community that may be interested in investing in Nigeria.

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1 Comment

1 Comment

  1. eze

    June 27, 2014 at 8:28 pm

    No need of telling us go ahead and sell the country nigeria no one ll ask u evil rolers and gov.the ones u sell be4 ded u tell us??????????????the sea port in port hartcurth u ppl sell to dangote etc useless gov.

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Metro News

Cult Violence: Wike Imposes Two-Week Curfew Around Okoro-Nu-Odu

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Cult Violence: Wike Imposes Two-Week Curfew Around Okoro-Nu-Odu

Governor Wike

Governor Nyesom Wike of Rivers State has imposed a 24-hour total curfew for two weeks on some parts of Port-Harcourt, the state capital.

The Governor made this known during a broadcast on Sunday where he noted that the curfew begins from Monday 23rd November 2020.

The statement noted that the upsurge noticed by the state government in cases of cult activities, other forms of violence, and killings is responsible for the curfew.

Also Read: Umahi Unhappy With PDP Because Atiku Picked Peter Obi – Wike

Wike in the statement declared that the entire area along and around the Okoro-nodu flyover up to a one-kilometre radius from Saint Emmanuel Anglican Church, Rumuokoro, extending to the Rumuodomaya Slaughter and Local Government daily market will be affected.

He added that no form of trading, human or vehicular movement is allowed in the affected areas until further notice.

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Zamfara Governor Secures Release Of 11 Kidnapped Victims

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Zamfara Governor Secures Release Of 11 Kidnapped Victims

Bello Matawalle

Governor of Zamafara, Bello Matawalle has announced the release of 11 kidnapped victims.

According to reports, ten of the victims were male and a female from Bukkuyum Local Government Area.

Matawalle received the rescued kidnapped victims on Saturday night at the Government House in Gusau, the state capital.

The Commissioner of Security and Home Affairs, Abubakar Muhammed Dauran revealed that the victims were released without paying a ransom.

Also Read: Nigeria still needs SARS, Zamfara gov, Matawalle insists

He stated they were released as a result of the peace initiative and stakeholders meeting summoned by Governor Matawalle with all critical stakeholders from Bukkuyum Local Government Area on Thursday.

Governor Matawalle assured that his administration will not rest on its oars until total peace is achieved in all parts of the state.

 

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Police Confirm Abduction Of Nasarawa APC Chairman

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Police Confirm Abduction Of Nasarawa APC Chairman

Police

The Chairman of the All Progressives Congress (APC) in Nasarawa State, Philip Shekwor, has been kidnapped by unknown gunmen.

According to reports, Shekwor was abducted on Saturday night at his residence along Dunamis church, Bukan Sidi in Lafia.

Also Read: Gunmen Attack Police Station In Ibadan; Kill Police Corporal

Confirming the incident, Police Commissioner Bola Longe said the unidentified gunmen in large number stormed the residence of the APC chairman in Lafia around 11 pm and took him away to an unknown destination.

According to him, security agencies had reacted swiftly by deploying personnel to different forest locations to ensure the safe release of the APC chieftain.

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