FG making plans to sell Nigerian Communications Satellite – BPE

The Director-General of the Bureau of Public Enterprises, Mr. Benjamin Dikki, said, Federal Government has decided to sell the Nigerian Communications Satellite Limited in order to inject the entrepreneurial spirit into the running of the company.

He said this when the Director-General of the National Space Research and Development Agency, Prof. Seidu Mohammed, paid him a courtesy visit.
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The BPE boss said it was necessary to inject entrepreneurial spirit into NigComSat in order to make the company commercially viable. He explained that in privatising NigComSat, the security of the nation would not be compromised.

Dikki stressed that the BPE would rely on informed guidance from key stakeholders to determine the model of privatisation to be recommended to the National Council on Privatisation for adoption in the privatisation of NigComSat.

He said that in executing the transaction, the Joint Project Delivery Team comprising the BPE, the Ministry of Communication Technology, NASRDA and other key stakeholders would be empanelled for the purpose.
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He lamented the poor funding of the science and technology sector of the country and called for more investment in the industry to boost the competitiveness of Nigeria.


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