Tuesday, 7 October 2014

Nigeria to privatize airports, sell coal blocs

Nigerian government has announced plans to privatize the nation’s airports. According to the Director-General, Bureau of Public Enterprise (BPE), Mr. Benjamin Dikki, said in Abuja the nation’s capital city that that the privatization of federal airports in the country would commence soon.

He announced this while delivering a presentation on “Reforms and Privatisation Opportunities in Nigeria” at the ongoing 9th Abuja International Trade Fair. He said that although the Federal Government had made substantial investment in the aviation sector, a lot still remained to be done. This he said is the reason why the government is embarking on the airport privatization exercise.

“We are planning to commence the privatisation of airports; the airports will be more efficient if the private sector is running them. Very soon, we will engage the Minister of Aviation and we will start a new process of privatising or concession of airports just like we have done with the seaports. We are likely to grant concession of maybe 15 to 20 years, according to the business model agreed on, so that investors can make a reasonable return on the investment during the concession period,” he said.  Read More....

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