Business FG to Privatize Nigerian Railways, 7 Other Entities in 2015

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The Federal Government of Nigeria has finalized plans to privatise eight new entities in some sectors of the economy by 2015, according to Mr. Benjamin Dikki, Director General of The Bureau of Public Enterprise. VANGUARD says.

He says these sectors include: Railway; Inland waterways; Road Authority; Roads Funds; National Transport Commission; Ports & Harbour reform; Federal Competition and Consumer Protection and Postal bill.

“Government is riding on the success story of the previously privatised Public Enterprises, PEs, such as banking, power, telecom, marine, steel sectors of the economy, etc.

He lauded improvements made in the banking and telecomms industry after they were privatized, and added that the BPE has prepared eight critical bills targeted for passage into law to sustain the gains of past reforms and privatisation and enhance the enabling environment for private capital participation in the Nigerian economy.

The bills are roads authority bill, railway bill, port and habour bill, inland water ways bills; Roads fund bill; National transport commission bill, federal competition and consumer protection bill as well as postal bill.

Additionally, Dikki said that besides these bills, the bureau is working with the relevant ministries to reform Sports, Tourism, Health and Housing sectors of the country by reviewing the policy, legal and regulatory frameworks for these sectors.

#Nigeria #BPE

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