Time To Sell Ajeokuta Steel Company – The Guardian

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Report making rounds is that FG was ready to offer the Ajaokuta Steel Mill for sale to finance 2018 budget is curiously casual and contemptuous. According to the report, the proposed sale would be in accordance with the privatisation policy of the government, which began 23 years ago.

In the present case, while some have questioned the rationale for the proposed sale of what is regarded as a landmark project upon which Nigeria’s much-touted industrialisation is based, others have thought that the more than three decades of the projects existence without adding value to the economy is enough reason to privatise or sell it.

But given the critical role Ajaokuta was supposed to play as the bedrock of industrialisation in Nigeria, government should not sell the critical national asset casually without involving critical stakeholders and the people’s representatives.

 

 

101 firms seek to supply prepaid meters – Punch

Following the recent introduction of the Meter Asset Provider Regulations 2018, the Nigerian Electricity Regulatory Commission in April invited interested investors to apply for ‘No Objection’ to enable them to participate in the meter procurement process to be conducted by electricity distribution companies. Thus, increasing the number of companies seeking to become meter asset providers in the Nigeria electricity supply industry has increased to 101.

The regulator, which initially gave its nod to 22 firms in May as prospective meter asset providers, said in a document obtained by our correspondent on Friday that a total of 101 firms had been granted ‘No Objection’ as of October 17, 2018.

Some of the firms are Huawei Technology Company Nigeria Limited, Bilview Energy Limited, Chintech Electro Nigeria Limited, Holley Metering Limited, Meron Nigeria Limited, Integrated Power Limited, MBH Power Limited, Trimani Engineering Limited, Sapropel Energy Resources Limited, Megawatt Distribution International Limited, Unistar Hi-Tech Systems Limited, and Momas Electricity Meters Manufacturing Company Limited.

 

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