The National Council on Privatisation (NCP) has approved the appointment of advisers for three transactions undertaken by the Bureau of Public Enterprises (BPE) for the current year.
The approval by the Council is part of government’s reform strategy for privatized entities in the country.
The transactions for which advisers were approved are, the partial commercialisation of the River Basin Development Authorities (RBDAs), partial commercialisation of the National Parks Service and the seven National Parks and concession of eco-tourism activities in three selected parks and the concession of the Lagos International Trade Fair Complex (LITFC).
A statement issued by the BPE’s Head, Public Communications, Amina Tukur, indicated that the Federal Executive Council (FEC) gave approval at its meeting of 14th August in Abuja.to the engagement of Agri-Africa Consultants/A & E Law Partnership Consortium for the transaction advisory services for the RBDAs
The spokesperson stated that the Council also approved the engagement of Africa Wildlife Foundation for advisory services for the seven National Parks and concession of eco-tourism activities in three selected parks.
Tukur hinted that Messrs Feedback Infrastructure Services was approved as the transaction advisers for the Lagos International Trade Fair Complex (LITFC),
It would be recalled that the Council approved the commencement of the partial commercialisation of the 12 RBDAs in the country.
The objective of the approvals is to strengthen and improve the RBDAs by making them economically viable and to also introduce Public Private Partnership (PPP) into the sector without divesting government ownership. The transaction is to be carried out in phases with the pilot transaction on four out of the 12 RBDAs.
Tukur stated further that for the seven National Parks and concession of eco-tourism activities in three selected parks namely, Kainji, Cross River and Gashaka-Gumti, the Council also approved the commencement of the partial commercialization at its meeting held on 22nd and 23rd August, 2017.