Nigeria’s Bureau of Public Enterprises (BPE) has officially presented discharge certificates to three privatized enterprises, which were earlier delisted from monitoring activities by the Bureau.
The firms are Cement Company of Northern Nigeria (CCNN) located in Sokoto State; Federal Superphosphate Fertilizer (FSFC) Kaduna State and Ikoyi Hotels Ltd. (Southern Sun) in Lagos State.
Presenting the certificates to the delisted companies on Wednesday, , in Abuja, the Director General of the Bureau of Public Enterprises (BPE) Mr. Alex A. Okoh, said that the ceremony was as a result of the fulfillment of the covenants stipulated in the Post-Acquisition Plan (PAP) by the enterprises.
Okoh noted that during the Bureau’s routine monitoring on the three delisted enterprises, the core investors were found to have achieved all; and in some instances, exceeded the obligations they covenanted to, in their respective PAPs.
“It is on this note that the National Council on Privatisation, NCP, granted approval for the delisting of the enterprises,” he said, adding that the federal government would continue to support credible private sector investors in the country by providing a conducive environment for business to thrive and ensure the continued growth and development of the economy.
The statement by the BPE in Abuja on Thursday said that Mr. Okoh maintained that despite their discharge from regular monitoring activities, the Bureau would occasionally request for information or visit the enterprises in order to report on their performances as showcases of the privatisation and reform programme of the Nigerian government.
The representatives of the three delisted enterprises commended the privatisation programme of the Nigerian government and assured that the firms would promptly respond to requests by the Bureau.
GIK/APA