Business
Privatisation: 42 Firms Bid For 10 NIPPs

L-R: Deputy Speaker, Lagos State House of Assembly, Mr Kolawole Taiwo, Gov. Babatunde Fashola of Lagos, Deputy Governor, Mrs Adejoke Orelope Adefulire and Attorney General and Commissioner for Justice, Mr Ade Ipaye, at the signing into law of anti smoking bill and establishment of emergency command and control centre by Gov. Fashola in Lagos, recently. Photo: NAN
The Bureau of Public Enterprises (BPE) has approved 42 companies to bid for 10 National Integrated Power Plants (NIPPs) in the country.
The BPE said in a statement signed and issued on Monday in Abuja by its Head, Public Communications, Mr Chigbo Anichebe, that the bid would take place on March 7.
It stated that the decision was reached at a recent joint meeting of the National Council on Privatisation (NCP) chaired by Vice-President Namadi Sambo, and the Governing Board of the Niger Delta Power Holding Company.
“At the meeting of the opening of the financial bids, 42 pre-qualified bidders out of 66 bidding consortia for the 80 per cent equity in the 10 NIPP power plants was approved.
“The 42 pre-qualified bidders met the criteria set in the Requests For Proposal, and passed the due diligence verification conducted on technically qualified bidders.”
According to the statement, 66 proposals were earlier received on November 8, 2013 from prospective investors interested in the 10 NIPP plants, but were short-listed to 42.
“An inter-agency evaluation team, including security agencies met from November 12 to November 22, 2013 to evaluate the proposals.
“The evaluation report was subjected to scrutiny of the Joint Transaction Committee and the Joint Technical Transaction Committee before approval by the Joint NCP/NDPHCN Board meeting.”
It was stated that in order to be deemed technically qualified, bidders must meet the financial and quality of business plan that was set out by the committee on privatisation.
The 10 power plants for privatisation are Alaoji, Benin, Calabar, Egbema, Gbarain, Geregu, Ogorode, Olorunsogo, Omoku and Omotosho.
Business
FEC Approves Concession Of Port Harcourt lnt’l Airport
Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
Business
PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth
