Sept. 2, 2025
…Announces plan to list DisCo, GenCo on the stock market
The Bureau of Public Enterprises (BPE) says the planned privatisation of five GenCos is on hold due to exchange rate volatility and transmission limitations.
These limitations the Bureau noted, had hindered the participation of the GenCos in the eligible customer regime.
BPE Director-General, Mr. Ayodeji Gbeleyi, disclosed this on Tuesday in Abuja during a media briefing.
He declined to name the companies for confidentiality reasons.
He also announced plans to list two electricity Distribution Companies (DisCo) and one Generation Company (GenCo) on the Nigerian Stock Exchange through an Initial Public Offering (IPO)
Gbeleyi revealed that shareholder loan agreements had been executed for 10 of the 11 DisCos, with disbursements expected soon.
On national refineries, Gbeleyi expressed BPE’s willingness to support policies aimed at halting financial leakages.
As part of the Renewed Hope Agenda, Gbeleyi said BPE was fast-tracking key energy-related projects, including the Distribution Sector Recovery Programme (DISREP), Afam III Fast Power, Makurdi Hydropower Plant, and reforms in the mining sector.
“The bureau is also working on broader economic diversification through partial or full commercialisation of key agencies such as the National Parks Service, Nigeria Film Corporation, Federal Mortgage Bank of Nigeria (FMBN), and the Federal Housing Authority (FHA).”
He further disclosed ongoing engagements for the concession of five airports and the optimisation of Baro Inland Port in collaboration with the Ministry of Marine and Blue Economy and NIWA.
He said BPE was working with the Ministry of Budget and Economic Planning and other stakeholders to build a strong pipeline of catalytic PPP projects.
(NAN)
