BPE to list Eleme Petrochemicals,  Nigerian Reinsurance, others on the Capital Market 

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The Bureau of Public Enterprises (BPE) says it has plans to list the federal government shares in some of the privatised enterprises on the Nigerian stock exchange to give Nigerians the opportunity of being part of the privatisation programme.

The Director-General of BPE,  Mr. Alex Okoh who disclosed this at a recent chat with newsmen in Abuja said first on the list are the Eleme Petrochemicals Plant, the Nigerian Reinsurance,  NICON Insurance as well as the Nigeria Machine Tools, Oshogbo.

He also noted that even the power distribution companies (DisCos) will also be listed once the government resolves the 40 percent ownership in the companies.

According to him, “One of the original intentions in the way the partial privatisation of the entities was done was to be able to list that 40 percent that is still being held by the federal government in the stock market.  That way you are democratising the ownership of these government  entities and everybody through the capital market can buy into those entities, then we will all have real feeling that they have been privatised because we all have a little bit of it, not one or two individuals serving as core investors buying up everything.” 

He said, with the way the present administration is going, Nigeria is going to experience the influx of investors into the country.

“On all fronts, we expect that 2024 will be a more active year for the BPE,” he said.

He also promised that the Bureau will continue to work for the interest of Nigerians, ensuring that the interest of Nigerians are protected in all its privatisation activities. 

 

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