List of Nigeria Assets to be Sold by Buhari Administration
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According to Premium Times, These properties cut across energy, industries, communication and infrastructural sectors.
They are expected to be sold or concessioned between January 2021 and November 2022.
The Federal Government’s decision to sell or concession these properties is to help fund the N13.58 trillion 2021 budget signed by President Muhammadu Buhari on December 31, 2020.
The document was submitted to the National Assembly by the Executive and titled “NCP Approved 2021 Work Plan.” It shows the names of the “projects” (as described by the document), the sale strategy, the duration of the process as well as the cost of the properties.
Top among these properties are the Abuja Environmental Protection Board (AEPB), the Abuja International Conference Centre (ICC), some unnamed refineries, the Transmission Company of Nigeria (TCN), Abuja Water Board, Nigeria Film Corporation among others.
| SUMMARY OF PROPERTIES & PRICES |
|---|
| PROPERTY | SALE STRATEGY | DURATION | COST (N) |
| Yola Electricity Distribution Company | Core Investor Sale | 11 months | 245 million |
| Conclusion of Afam Power & Afam Three Fast Power Limited | Core Investor Sale | 12 months | NA |
| Mineral House Lagos | Asset Sale | 3 months | 5.5 million |
| Geregu Power (20% Shareholding Sale) | Willing Buyer – Willing Seller | 7 months | 20 million |
| Zungeru HydroPower | Concession | 19 months | 423 million |
| Transmission Company of Nigeria | Concession | NA | NA |
| NIPP | Core Investor Sale | NA | 1.26 billion |
| Refineries | Core Investor Sale | NA | NA |
| NIPOST Restructuring/Modernisation | Reform/Restructuring | 7 months | 40 million |
| Nigerian Film Corporation | Commercialisation | 13 months | 25 million |
| AEPB | Concession | 16 months | 124.4 million |
| Nigerian Hotels (in-liquidation) | Resolution of Residual Issues | 5 months | 2.4 million |
| NITEL/MTEL Residual Issues | Resolution of Residual Issues | 12 months | 10 million |
| Abuja Water Board | Commercialisation | 17 months | 25 million |
| FG’s Shares in Sales Sugar Company | Share Sale | 6 months | 40 million |
| ICC | Concession | 12 months | 30 million |
| River Basin Development Authorities | Commercialisation/Concession | 14 months | 44.3 million |
| Tafawa Balewa Square | Concession | 7 months | 40 million |
| Lagos Intl Trade Fair Complex | Concession | 13 months | 43 million |
| Restructuring of FMBN/FHA | Restructuring | 11 months | 150 million |
| Bank of Agriculture | Restructuring/Recapitalisation | 38 months | 11.5 million |
| Nigeria Commodity Exchange | Restructuring/Recapitalisation | 39 months | 10 million |
| Evaluation of DISCOs & GENCOs | NA | 12 months | 10 million |
| Evaluation of Ports | NA | 12 months | 15 million |
| Resolution of Labour Issues | NA | 12 months | 25 million |
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