The Bureau of Public Enterprises (BPE) in Abuja on Tuesday said N397.7 billion was generated through privatisation transactions in 2013.
Benjamin Dikki, the BPE director-general, made this known at a news briefing to unveil the 2014 Work Plan of the bureau.
Dikki said that the revenue generated from the various privatisation processes in 2013 were mostly from the privatisation of the 17 power companies of the former Power Holding Company of Nigeria (PHCN).
“As you are aware, the bureau is the secretariat and the policy implementation arm of the National Council on Privatisation (NCP).
“At its first meeting in 2014, the council commended the BPE for the highly successful conclusion of the privatisation of those 17 successor companies created out of the defunct PHCN.
“The council noted with satisfaction that at the end of 2013, gross transactions revenue was N397.7 billion which came mostly from PHCN transactions.
“In the 2014 work plan, the bureau has proposed to handle a total of 23 definite transactions.
“Consequently, we envisage gross proceeds of N535.5 billion from the definite transactions. We hope to realise about N211.3 billion from prospective transactions when they are executed”, Dikki said.
He said the bureau was definite to execute transactions in the transport, information, mines and steel sectors as well as the natural facilities and agricultural resources department in 2014.
“The transactions approved for the transport sector are the privatisation of the Skypower Catering and Hotel Services and the sale of movable assets in the ports.
“The transaction of the Abuja International Airport will recommence subject to consideration of the steering committee.
“In the information sector, the liquidation of NITEL and MTEL will be concluded, the policy and legal regulatory framework will be reviewed to prepare the ground for the commercialisation of the media enterprises”, Dikki said.
According to him, these media enterprises to be commercialised within the year are Nigeria Television Authority, Federal Radio Corporation of Nigeria, National Film Corporation and also the News Agency of Nigeria.
Dikki said that the NCP had approved the sale of residual houses and lands of the Nigeria Coal Corporation (NCC) and also that of the Naraguta and Maiduguri bricks.
He added also that the Ogwashi-Azagba Coal Block would be sold along with the non-core assets of Makeri and Mineral Houses, residential houses and vacant lands.
