The National Council on Privatisation (NCP) is the apex body charged with the overall responsibility of formulating and approving policies on privatisation and commercialisation.
NCP is chaired by Vice President Professor Yemi Osinbajo and after they met on August 22 and 23, 2017, the following projects were approved:
1. Commencement of privatisation of Afam Power plants 1–5 to inject additional power into the national grid & improve electricity nationwide.
2. Pursuit of an out-of-court settlement involving the privatisation of Aluminium Smelter Company of Nigeria (ALSCON).
3. The immediate revocation of the concession of the Lagos International Trade Fair Complex.
4. Immediate commencement of a fresh privatisation of Yola Electricity Distribution Company.
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5. Amendments to Work Plan for the conclusion of the transaction for the concessioning of Terminal “B” Warri Old Port.
6. The restructuring and recapitalisation of the Bank of Agriculture.
7. Immediate commencement of reform and commercialisation of the River Basin Development Authorities, to revitalise irrigation.
8. The partial commercialisation of Nigeria’s National Parks using three key national parks as pilot projects.
NAIJ.com earlier reported that on Wednesday, September 6, Vice President Yemi Osinbajo arrived Makurdi, the Benue state capital for an on-the-spot assessment of the recent flood that ravaged parts of the state.
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Osinbajo's visit was earlier announced in statement by the chief press secretary to Governor Samuel Ortom, Terver Akase.
According to the statement, Osinbajo during his trip will visit IDP camps, meet with influential traditional ruler; Tor Tiv and attend a small reception organised by the state government.
Watch this NAIJ.com video as Nigerians speak on the recent crash of petrol prices:
ROSY CREST
Thursday 7 September 2017