FG to privatise airports soon

The Director-General, Bureau of Public Enterprise, Mr
Benjamin Dikki, on Thursday in Abuja said the privatization
of federal airports in the country would commence soon.
Dikki made this known in his presentation on “Reforms and
Privatisation Opportunities in Nigeria” at the ongoing 9th
Abuja International Trade Fair.
He said that although the Federal Government had made
substantial investment in the aviation sector, a lot still
remained to be done, adding that it was the reason why the
government was considering privatising the airports.
“We 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 concession of
airports just like we have done with the seaports.
“We are likely to grant concession of maybe 15 to 20 years,
according to the business model agreed on, so that investors
can make a reasonable return on the investment during the
concession period,” he said.
Dikki also disclosed that BPE was working on the process of
privatising some coal blocs and sale of non-core assets of
Nigeria Coal Corporation (NCC) and Nigeria Mining
He said that the National Council on Privatisation had
already approved the sale of residential houses and lands of
NCC, Naraguta and Maiduguri Bricks, non-core assets of
Makeri, and the Ogwashi-Azagba Coal Bloc.
He said that the bureau was currently working to hasten the
passage of some bills, including the Railway Bill, Inland
Waterways Bill, Federal Road Authority Bill, Ports and
Harbour Reform Bill and Postal Reform Bill.
He explained that the bills, when passed, would eliminate
monopoly in all key sectors of the economy, create more
jobs and deepen economic growth.
In his speech, the President, Abuja Chamber of Commerce,
Industry, Mines and Agriculture (ABUCCIMA), Mr Solomon
Nyagba, said that the association was ready to partner BPE
to make the Abuja Trade Fair Centre better.
“ABUCCIMA wants to make this trade fair ground the most
organised in Africa.
“We want to partner BPE to get investors to help us in
building the largest shopping centre in Africa and bigger
exhibition facilities and a five-star hotel.
“We want to create conducive place for investors and
consumers to mingle,” he said.
Nyagba urged BPE to resume the process of privatizing the
oil and gas sector to improve the power supply situation in
the country.


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