BPE Okays NITEL/MTEL’s Sale Process

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The Director General of the Bureau of Public  Enterprises (BPE), Benjamin Dikki has described the guided liquidation process adopted for the sale of NITEL/MTEL as the best option since the liabilities of the telecom companies far outweigh their value.

Dikki in a Federal Radio Corporation of Nigeria Phone in Programme, Radio Link recently said any other mode of sale would have uncurd huge liabilities for the federal government.

He disclosed that the Bureau was trying to engage advisers who are expected to visit all NITEL/MTEL installations in the country to assess the state of the companies and get their actual values.

On the privatisation of the nation’s ports, the director general regretted the absence of a regulator since the concession exercise in 2006, arguing that it has impeded the smooth operation of the concessionaires.

His words: “During the concession of the ports in 2006, it was envisaged that a regulator will be put in place soon after to regulate operations at the ports but seven years down the line, this has not been achieved”.

He however noted that the present administration was doing  everything possible to put a regulator in place as the Federal Executive Council (FEC) would soon receive a bill for its consideration and approval, thereafter forwarded to the National Assembly for enactment.