Nigeria Exchange
About Us Advertise News Business Addresses Nigeria Events Newspapers Newsletter More
Search Nigeria Sites & Businesses Search Tips

News General Sports Business Odd / Funny Tech Entertainment Articles Author Login Comments More Categories Author List
Email A Friend  |   Print

Nigerian Federal Government plans to privatise federal airports soon
| October 20, 2014
The Director-General of the Bureau of Public Enterprise (BPE) said that the privatisation of federal airports in Nigeria will begin soon. Mr. Benjamin Dikki, the bureauâs Director-General, made the announcement during his presentation at the ongoing ninth Abuja International Trade Fair. âWe are planning to commence the privatisation of airports; the airports will be more efficient if the private sector is running them. Very soon, we will engage the Minister of Aviation and we will start a new process of privatising or concessioning of airports just like we have done with the seaports,â he said. Mr. Dikki added that while the federal government has invested a substantial amount in the aviation sector, there was still a lot of work to be done, which is why they are considering privatising the airports. He estimates they will be granting concessions of 15 to 20 years, so that investors will be able to make a return on investment during the concession period. The DG also disclosed that the BPE is currently working on privatising coal blocs, as well as the sale of non-core assets of the Nigerian Coal Corporation and Nigeria Mining Corporation. At the International Trade Fair, the president of the Abuja Chamber of Commerce, Industry, Mines and Agriculture, Mr. Nayagba, said that they were ready to partner up with the BPE in making the centre better. âWe want to create a conducive place for investors and costumers to mingle.â he said. He also urged the BPE to continue with the process of privatising the oil and gas sectors to improve the countryâs power supply situation.

(1) Comment


"The views and opinions expressed in these comment(s) or article(s) do not necessarily reflect the views or opinions of NGEX, its partners or its affiliates."
OMOTAYO, J. A.    Eldoret, KENYA    October 20, 2014
BPE should add the privatization of the presidency, state executive office, national and state assemblies. To make the BPE very effective and efficient, the air that Nigerians breadth should be privatized.
No one has told us what has been done with the money realized from the sales of our collective heritages so far. We lose our properties in the name of privatization. Not only that, we were told that privatization will bring down the cost of running government. Unfortunately, the more we privatize the higher the cost of running government. The national budgets since 1999 till date reflect this reality that privatization is inimical to the collective interest of Nigeria and Nigerians.

God save Nigeria.
Results » 1-1 of 1      Result Page »  <   1  >

More News »
follow NgEX on Facebook
Submit An Article
"Press Releases"    More »
Abiodun Idris | December 22, 2014
Greatest Nigeria students and masses of our dear country. I want to start this write up by saluting...
Submit A Press Release »
News / Comments   More »
Debts: What you should know as a Nigerian entrepreneur
February 25, 2016 | Gary Crenshaw | 1 posts
It is normal for businesses to owe money at the beginning of a business. That's what separates entrepreneur...  Post comment »
10 Lucrative Business Opportunities in Nigeria
December 03, 2015 | OJOMA THOMAS | 3 posts
How can I start a snails business,fairly used clothes and a poultry7071  Post comment »
Article / Comments   More »
Piracy In The Gulf Of Guinea: Africom And This Dangerous Ahoy
March 11, 2013 |  Aliu Magaji | 1 posts
This is good. The writer wrote from Avery informed standpoint. Th recent joint military exercise must...  Post comment »
Will The New N5,000 Currency Bring Inflation? - Part 1
September 20, 2012 |  Mr Ezedibalugbo | 1 posts
The issue of new N 5000 currency is not adverseable to our economy, In my own ponit of veiw our economy...  Post comment »
Submit An Article
Copyright © 2005 -2013 NgEX. All rights reserved.