In his remarks on the process, Group Managing Director/Chief Executive of Oando Plc, Mr. Wale Tinubu, said it represents another key milestone in the achievement of the company’s overall strategic re-focus.
We are working with the Nigerian National Petroleum Corporation (NNPC) and Ministry of Petroleum Resources on the privatisation of the four refineries.
Speaking at the ongoing Lagos International Trade Fair 2013 in Lagos on the NNPC Special Day, the Group Managing Director, NNPC, Engr Andrew Yakubu said that for some years now, since assumption of office of the Hon Minister, petrol shortage, which in the past was a recurrent decimal, has become a thing of the past.
The Minister of Power, Chinedu Nebo has applauded the offerings of donor agencies to the on-going privatisation in the power sector, which is an indicator that their expertise, foresight and doggedness prevented the hiccups which would have been experienced in the exercise
We are building stronger financial position and creating enduring value for our shareholders including numerous stakeholders.
The board and management of Forte Oil Plc have notified The Nigerian Stock Exchange NSE of its acquisition of the Geregu Power Plant under the recent privatization exercise carried out by the Bureau of Public Enterprise.