BPE Takeover Kano, Port Harcourt, Ibadan, Kaduna Discos
Four Distribution Companies (DisCos), Kano, Port Harcourt, Ibadan and Kaduna have been taken over by Bureau of Public Enterprises (BPE) for non-performance and debt.
Successful TakeOver
According to Director General of BPE, Mr. Alex Okoh, the takeover has been concluded successfully.
Okoh revealed this in a presentation made at a virtual meeting of the National Council on Privatisation (NCP), added that the challenge in the takeover of the Benin Disco was being addressed.
Procedural Amendments
The NCP is chaired by the Vice President who was represented at the meeting by the Minister of Finance, Budget and National Planning, Zainab Shamsuna Ahmed, who is the Vice Chair of Council.
In his report to the council, the BPE DG also made a presentation on the concession of the Zungeru Hydroelectric Power Plant, inviting the National Council on Privatisation (NCP) to note steps taken by the bureau to fast track the process.
The BPE boss presented for approval a proposal to amend the procedures manual of the BPE, especially in the areas of legal framework; reform activities; pre-transaction activities; project advisory and delivery team.
Other areas included the receipt of technical and financial transaction strategies, and opening and evaluation of technical proposals, among others.
