The National Council on Privatisation, chaired by the Vice President, Prof. Yemi Osinbajo, has approved the delisting of three privatised enterprises from routine monitoring activities of the Bureau of Public Enterprises.
The companies include the Federal Superphosphate Fertilizer Company, Kaduna; Cement Company of Northern Nigeria: and Ikoyi Hotel in Lagos. In its request, the bureau said it had carried out a review of the enterprises in line with BPE’s mandate to manage post-privatisation issues of privatised public companies.
BPE stated that it had developed standard processes and procedures for delisting privatised enterprises which all privatised enterprises were bound to comply with before being recommended for delisting.
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