The National Council on Privatisation (NCP) has approved the commencement of the privatisation of Afam Power plants 1 to 5 in Rivers.
The NCP, which is chaired by Vice President Yemi Osinbajo, is the highest decision-making body on policies relating to the privatisation and commercialisation policies of the Federal Government.
According to a statement issued by the Vice Presidential Spokesman, Laolu Akande, on Monday the measure is to inject additional power into the national grid and improve electricity supply nationwide.
Akande said this and other decisions were taken during the meeting of the NCP, between Aug. 22 and Aug. 23, 2017 at the Presidential Villa, Abuja.
The council, among others, approved the immediate revocation of the concession of the Lagos International Trade Fair Complex and the immediate commencement of a fresh privatisation of Yola Electricity Distribution Company.
The approvals, Akande said, were aimed at giving traction to key infrastructure facilities in the country presently under concessions but had been adjudged to be performing sub-optimally.