The stage is now set for the
privatisation of the nation’s four refineries by the Bureau of Public
Enterprises (BPE).
This followed by President Goodluck
Jonathan’s appointment, yesterday, of a steering committee on the privatisation
process.
At the head of the committee is the
Minister of Petroleum Resources.
The members are the Minister of
Finance/CME, Minister of Power, Minister of Labour, Minister of National
Planning , Minister of Mines and Steel Development, Minister of Justice/AGF and
Chairman of the Extractive Sub-Committee of the NCP.
Other members are the SA to the Vice
President on Economy, Group Managing Director of NNPC, Director General of BPE,
Group Executive Director (Refineries), NNPC, and Director (Oil and Gas), BPE
-Secretary.
The Head, Public Communications of
BPE, Chigbo Anichebe, said in a statement that the privatisation is in
furtherance of the economic reform programme of the Jonathan administration.
According to him, the government’s
Transformation Agenda seeks to “catalyse and provide an enabling environment
for the private sector to be the drivers of economic growth in the country.”
The four refineries are Port
Harcourt Refining Company Limited (PHRC) I ; Port Harcourt Refining Company
Limited (PHRC) II; Kaduna Refining & Petrochemical Company Limited (KRPC) ;
and Warri Refining & Petrochemical Company Limited (WRPC).
The Steering Committee will advise
the National Council on Privatisation (NCP) on the best way to privatise the
refineries in a manner that would enhance the gains of the privatisation
programme of the Federal Government.
It will also review the diagnostic
reports and recommendations of the transaction advisors and make
recommendations to the NCP, propose modalities and make recommendations to NCP
on labour matters to ensure the successful privatisation of the refineries.
The Director General of the BPE, Mr.
Benjamin Dikki, said: “The directives we have is to conduct the privatisation
process transparently, complying with due process and international best
practice.
“We are expected to improve on the
high standards set in the power sector transaction, which has received
accolades all over the world as being very transparent.”
Further details on the transaction
structure and time table will be announced after the meeting of the Steering
Committee.
Tags
Society
Our NEPA has been privatised, now our four Refineries. May our soul rest in peace
ReplyDeleteThey are going to sell us too...or have they not?
DeleteSince u are illegitimates borned without fathers why not privatize the whole nation to prove to the world that u support capitalisation much more better than socialisation.devil worshippers.from Godgift
ReplyDeleteThis man gej promise to build more refinery during his campaign in the 2011 election in 4 different part of the county den if he has forgotten so soon and now no new once but sell our old refinery,may God forgive him and for 2015 no nooooooooooo
ReplyDeleteWhy sale the refinary? Why not the country?.
ReplyDeleteWho are those buying these refineries and at what price? What will the money realised be used for? Will this solve the problem of scacity permanently? What of other stakeholders in the oil and gas sector? Are Nigerians aware of this development?
ReplyDeleteJohnathan shame on you. You started with fuel subsidy to the sale of the only four refineries we have in the country.Are you selling to the inner couscous? Why not fight poverty instead of spreading poverty? These refineries were there before you became the president of the country. Chei chei na wao o o o o o o o o o o .
ReplyDelete