Nigeria plans to privatise its airports, Director-General, Bureau of Public Enterprise (BPE), Mr. Benjamin Dikki revealed on Thursday in Abuja, in his presentation on “Reforms and Privatisation Opportunities in Nigeria” at the ongoing nineth Abuja International Trade Fair.
According to Dikki, the privatisation will commence soon.
“We are planning to commence the privatisation of airports; the airports will be more efficient if the private sector is running them.
“Very soon, we will engage the Minister of Aviation and we will start a new process of privatising or concessioning of airports just like we have done with the seaports.
“We are likely to grant concession of maybe 15 to 20 years, according to the business model agreed on, so that investors can make a reasonable return on the investment during the concession period,” said Dikki.
The News Agency of Nigeria (NAN) reports that BPE has also commenced work on the process of privatising some coal blocs and sale of non-core assets of Nigeria Coal Corporation (NCC) and Nigeria Mining Corporation.
According to Dikki, the National Council on Privatisation (NCP) has approved the sale of residential houses and lands of NCC, Naraguta and Maiduguri Bricks, non-core assets of Makeri, and the Ogwashi-Azagba coal bloc.
The BPE is also working on passing some Bills including the Federal Road Authority Bill, Railway Bill, Inland Waterways Bill, Ports and Harbour Reform Bill and Postal Reform Bill. These he said, when passed, will eliminate monopoly in all key sectors of the economy, create more jobs and deepen economic growth.