BPE recorded N397.7 billion as gross revenue from PHCN transactions in 2013.
The Bureau of Public Enterprises, BPE, said on Tuesday in Abuja that the liquidation of the national telecom carrier, the Nigerian Telecommunications Limited, NITEL, and its mobile subsidiary, MTEL, is one of 52 transactions it proposes to handle under its 2014 work plan.
The Director General of the privatisation agency, Benjamin Diki, told reporters in Abuja that 23 definite transactions and 29 prospective transactions have been identified for execution during the year.
The government is expected to rake in about N535.3 billion from the definite transactions, while about N211.3 billion is expected as proceeds from the prospective transactions.
Mr. Diki, who identified key performance targets in the 2014 work plan, said the passage of eight reform bills currently before the Executive Council of the Federation, FEC, top the list of it priorities, along with implementation of approved transactions.
The bills, which have already been reviewed and finalised for passage by the office of Attorney General of the Federation, include those for Railway, Inland Waterways, Federal Roads Authority; and National Roads Fund.
In addition, he said the National Transport Commission, Ports & Harbour, federal competition, and Consumer Protection and Postal Reform Bills, when passed, would abrogate monopoly laws and ensure the liberalisation of the sectors.
Mr. Diki, who noted the successful conclusion in 2013 of the privatisation of 17 of the 18 successor companies of the Power Holding Company of Nigeria, PHCN, said that with the approval of the appointment of a liquidator, BPE is set to undertake the guided liquidation of NITEL/MTEL, pending the confirmation of the court. Olutola Senbore was named the liquidator.
He said project advisory teams, PAT, are to be constituted to develop draft policy, legal and regulatory frameworks for presentation to the National Council on Privatisation, NCP for approval.
The approval of the frameworks, Mr. Diki said, would prepare the ground for the commercialisation of the media enterprises, including the Nigerian Television Authority, NTA; Federal radio Corporation of Nigeria, FRCN; National Film Corporation and News Agency of Nigeria, NAN.
He said the concept paper for the reform of the media houses has already been sent to the Minister of Information for his input.
Other key performance targets, Mr. Diki said, include effective monitoring of privatised enterprises; effective enlightenment and stakeholder engagement; and enhancement of the IT infrastructure of the Bureau.
Under Mines and Steel, he said discussions are ongoing with the Enugu State government to resolve issues towards the privatisation of coal blocks and sale of non-core assets of Nigeria Coal Corporation, NCC and Nigeria Mining Corporation, NMC.
Similarly, the BPE boss said the agency hopes to conclude arbitration initiated by Global Infrastructure Nigerian Limited, GINL, against the Federal Government in respect of the management contract in Ajaokuta Steel Company.
This, he said, would pave the way for the development of strategies for the privatisation of the company, along with the National Iron Ore Mining Company, NIOMCO.
He said the privatisation of the four refineries in Port Harcourt, Warri and Kaduna and the conclusion of the sale of the Shell Petroleum Development Company, SPDC asset have been slated under prospective transactions in the oil and gas department.
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