The federal government has granted approval to three consortia to participate in the financial bids opening for the acquisition of 100 per cent shares in Afam Electricity Generation Company.
She said that other decisions taken by the council included approval for Quest Electric Nigeria Limited to proceed to the financial bids opening stage for the re-privatisation of the Yola Electricity Distribution Company . The council appointed Vesta Healthcare Partners as consultants to carry out diagnostic review of the Nigerian Health Secto.Also decided on was the privatisation of the Nigeria Communication Satellite Limited through a strategic core investor sale and commencement of the process of listing it in the schedule of the Public Enterprises Act 1999.
“Following the termination of the Share Purchase Agreement signed between Taleveras and BPE in 2016, council at its first meeting of 2017 held on August 22 and 23, approved the privatisation of the enterprise based on a strategy to be recommended by the transaction Advisers.