- NGF to review GenCos privatisation
The Nigerian Governors Forum (NGF) has disclosed that all Governors have agreed to review the privatisation of National Integrated Power Projects (NIPP) generation power plants across the country.
The decision to review the privatisation exercise was disclosed in a communique signed by the NGF Chairman, Governor Kayode Fayemi of Ekiti state. The Governors reached the decision following a detailed presentation to the Forum by the Director-General of the Bureau of Public Enterprises, Mr Alex Okoh.
“The governors resolved to review and communicate through their board representatives, their assessment and position on the privatisation of what they consider critical national assets” the Commumnique read.
“States currently own a total of 53 per cent equity in NIPPs while the Federal Government owns a 47 per cent stake,” the Forum stated.