Entertainment | Gist | Hollywood | Events | Celebrity Gossips!!!
Friday, April 17, 2015
Fed Govt hands over NITEL/Mtel to NATCOM
The Federal Government yesterday approved the hand over of Nigeria Telecommunications Limited (NITEL) and its mobile arm, Mtel to NATCOM.National Council on Privatisation (NCP) Technical Committee Deputy Chairman Haruna Sambo, who spoke after the NCP meeting chaired by Vice President Namadi Sambo at the Presidential Villa, Abuja, said the consortium had completed the payment of $252.251million being the cost of the firm’s acquisition.
He said: “You recall that at the last NCP meeting, approval was made for the financial bid for NITEL/MTEL by the bidder, NATCOM Consortium at the cost of $ 252.251m. Today, at the council meeting, the council approved the handover to NATCOM Consortium, having paid the cost of acquisition.
“By this approval, the process has come to a closure and the council has mandated the BPE to hand over the two companies to the preferred winner, of course, after all other outstanding issues are taken care of.
“With this, the transaction has come to an end and Council asks the BPE (Bureau of Public Enterprises) to hand over the two companies to the bid winner, NATCOM consortium.”
Permanent Secretary in the Ministry of Power, Godknows Igali, said the government had settled the emoluments of 98 per cent of ex-workers of the Power Holding Company of Nigeria (PHCN).
He said NCP had directed that remaining cases should be referred to the BPE for settlement.
Mines and Steel minister, Musa Sada, said the council also discussed reforms of the National Parks and the Federal Housing Authority (FHA) with the aim of restructuring the sector and bridging the 17 million housing deficit in the country.
He said: “Another area was that of the Federal Housing Authority. Every body knows that we have about 17 million housing deficit in the sector. For us to be able to build and recover this deficit, we must be ingenious in the way we handle the deficit in the country.
“There is no country that succeed without the involvement of the private sector. So the policies must be right first. The committee presented reports on how to restructure the housing policy to meet the housing needs.”
Subscribe to:
Post Comments (Atom)
TRENDING
-
Nigerian swinger, 35 year old Edmund Echukwu (pictured left) died after drowning in a swimming pool at a swingers' party in an upmar...
-
According to the person who shared the pictures on twitter, these are alleged Boko Haram members disguised as women. They had an accident...
-
The Agatu people of Benue State, under the aegis of Agatu Network Forum, have called on the Federal Government to protect them, saying they...
-
Unilag's Non-Teaching staff protested today at the school's Senate Building over months of not getting their salaries. Photo cre...
-
The 51 year old British/American singer who famously dated Simon Cowell on/off for 20 years, deliberately raised her high slit dress to...
-
Ondo state Commissioner for Agriculture, Lasisi Oluboyo has emerged as the newly appointed Deputy Governor in Ondo state following the earl...
-
Taking sleeping pills bought over the counter or from a doctor on prescription and other anti-anxiety drugs will make you develop an unh...
-
Dr. Emman Sheu is one of the leaders of #Bringbackourgirls (BBOG) advocacy group asking for the safe rescue of the 219 kidnapped Chibok...
-
Ex Super Eagles skipper, Joseph Yobo, has just welcomed a new baby boy into their family.
-
Checkout the English Premier League results for matchday 4 as Chelsea, Manchester United, Liverpool and others drop points. See the r...
No comments:
Post a Comment