The Federal Government has announced plans to privatise or concession at least 91 state-owned enterprises, including the Ajaokuta Steel Company, Tafawa Balewa Square (TBS), Lagos Trade Fair Complex (TFC), the country’s four refineries, and five international airport terminals.
Director-General of the Bureau of Public Enterprises (BPE), Ayodeji Ariyo Gbeleyi, disclosed this yesterday in Abuja, noting that each transaction would undergo a rigorous and transparent process, with input from technical, financial, and legal experts.
“We expect, from the 91 enterprises, it will be subject to a very rigorous exercise. One transaction at a time. You take them sectorally,” Gbeleyi explained.
“For example, if we are talking about the five international airport terminals, of course, we will engage the Ministry of Aviation and Aerospace Development. It is the business case or the pre-feasibility study that will say to you what you can expect in terms of concession fee from terminal operators.”
The BPE boss stressed that the bureau cannot arbitrarily fix values or terms for the enterprises until expert advisers have completed feasibility studies.
