Thursday, July 29, 2021

MDAs seek private sector partnership on 100 projects

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Over 100 projects have been put up by ministries, departments and agencies of the Federal Government for public-private partnership.

The projects cut across various sectors of the economy including power, agriculture, oil and gas, water resources, housing, transport, as well as information and communication technology.

They had been presented to the Bureau of Public Enterprises, which had commenced screening of the projects for suitability.

A document on investment opportunities in Nigeria’s privatisation and economic reform programme from the BPE shows that some of the projects were for concession while others were for outright sale.

Some of the projects include five Nigeria Integrated Power Plants under the management of the Niger Delta Power Holding Company.

They are the Calabar, Geregu, Omotosho, Olorunsogo and Benin (Ihovbor) power plants.

The NIPPs are jointly owned by the Federal Government (47 per cent), states and Local Governments (53 per cent).

Efforts in 2013 to divest 80 per cent of the government shareholding from the 10 NIPPs was cancelled due to the preferred bidders’ attempt to change the rule in the middle of the bidding process.