The Bureau of Public Enterprises (BPE) has introduced plans to listing two electrical energy distribution firms (Discos) and one technology firm (Genco) on the Nigerian Change (NGX).
The Director-Common of the BPE, Ayodeji Gbeleyi, made this identified on Tuesday in Abuja throughout his first official media briefing since assuming workplace in mid-last yr.
The itemizing, he mentioned, would contain the federal and state governments’ residual 40% and 30% stakes within the respective energy corporations.
Whereas declining to call the businesses attributable to what he described because the “sensitivity of the matter,” the BPE chief famous that the transfer would enable Nigerians to take part within the possession of important energy infrastructure, whereas serving to to strengthen company governance and transparency within the sector.
“We intend to drive shared prosperity and inclusiveness by itemizing a part of the FGN/States’ 40%/30% residual shares in sure Discos and a Genco on the inventory alternate,” Gbeleyi mentioned, noting that the choice marks a shift towards market-driven possession and company governance reforms.
There are 11 DisCos, together with Abuja Electrical energy Distribution Firm (AEDC), Benin Electrical energy Distribution Firm (BEDC), Eko Electrical energy Distribution Firm (EKEDC), Enugu Electrical energy Distribution Firm (EEDC), Ibadan Electrical energy Distribution Firm (IBEDC), Ikeja Electrical energy Distribution Firm (IKEDC), Jos Electrical energy Distribution Firm (JEDC), Kaduna Electrical energy Distribution Firm (KAEDCO), Kano Electrical energy Distribution Firm (KEDCO), Port Harcourt Electrical energy Distribution Firm (PHEDC), and Yola Electrical energy Distribution Firm (YEDC).
BPE targets income enhance
Gbeleyi mentioned the Bureau is focusing on N312.3 billion in income for 2025 by means of 15 strategic transactions, together with six revenue-generating and 9 reform-based initiatives.
The BPE chief mentioned to this point in 2025, the company has raised N170.74 billion, buoyed by the profitable concession of the Zungeru Hydropower Plant (N101.5 billion) and the Afam III Quick Energy mission (N53.92 billion). Nevertheless, different transactions — such because the sale of coal blocks, non-core telecom property, and hydropower concessions — stay both underperforming or in progress.
Gbeleyi mentioned the Bureau’s focus stays on making a extra environment friendly and aggressive public enterprise panorama. “For us on the BPE, we’ve got certainly set sail on re-engineering the reform and privatisation of public enterprises, one transaction at a time,” he mentioned.
Established in 1999 because the Secretariat of the Nationwide Council on Privatisation beneath the Public Enterprises Act, the BPE has since accomplished 243 transactions. Of those, 109 public entities have been both absolutely or partially privatized or commercialized, whereas 91 stay untouched — together with Nigeria’s refineries, airports, railways, and metal complexes.
Though the DG didn’t go into element on the refineries, he confirmed they fall among the many main state-owned enterprises “but to see motion,” whereas indicating that plans are underway to “concession refineries, storage, and pipeline services” within the oil and gasoline sector.
In response to him, the BPE stands able to help any actions or insurance policies aimed toward halting the monetary leakages related to Nigeria’s refineries. He famous that the nationwide dialog has moved previous the query of whether or not or to not privatize the services, implying that reform is now a matter of urgency slightly than debate.
Gbeleyi defended the general influence of privatization on Nigeria’s economic system, citing measurable positive aspects in sectors resembling telecoms, maritime, pensions, and energy. He pointed to Nigeria’s telecom revolution, which has grown from 400,000 lively strains beneath NITEL to over 169 million subscribers as we speak, with the sector contributing 14.4% to GDP.
What it’s best to know
The initiative is a part of the Bureau’s broader technique to help President Tinubu’s Renewed Hope Agenda — centered on unlocking worth from public property, driving personal funding, and accelerating job creation.
President Tinubu, in July 2025, gave anticipatory approval for a N4 trillion bond initiative aimed toward addressing the liquidity shortfall in Nigeria’s energy sector.
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