BPE Lists 36 FG Assets For Sale

Moses Ofodeme

The Bureau of Public Enterprises, BPE, has confirmed moves by the Federal Government to conduct outright sale or lease 36 state-owned assets to private investors.

The idea BPE said is to raise money in the face of dwindling revenue.

Director-General of the PBE Alex Okoh, on Tuesday, July 13, said the assets being considered are two free economic zones in Kano and Calabar.

Among the assets are those in the power sector with the capacity to add 3,300 megawats to the nation’s electricity generation.

He said over the next seven years it is estimated that the economic zones will boost export earnings by about $2 billion which is attractive to investors.

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