FG hands Nitel/Mtel over to NATCOM




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ABUJA (Sundiata Post) – has finally approved the handover of Nitel/Mtel facilities to NATCOM after the consortium completed the of $252.251m cost of acquisition.

This was disclosed by the deputy chairman, Council on Privatisation Technical Committee, Haruna Sambo, at the first meeting of the year and the last for this administration.

He said, “You recall that at the last NCP meeting, approval was made for the financial bid for NITEL/MTEL by the bidder, NATCOM consortium at the cost of $ 252.251 . Today, at the council meeting, the council approved the hand over to NATCOM consortium having paid the  cost of acquisition.

“By this approval, the has come to a closure and the council has mandated the BPE to hand over the two companies to the preferred winner of course after  all outstanding issues are taken care of.

“With this, the transaction has come to an end and Council asks BPP to hand over the two companies to the bid winner, NATCOM consortium”.

Also speaking at the Council’s decision presided over by Vice President Namadi Sambo, permanent secretary of of Power, Godknows Igali, said that government had settled about 98 percent of ex-PHCN workers including pensions and gratuities directing that any remaining cases should be referred to the BPE for settlements.

On his part, the Mines and Steel Minister, Musa Sada, said that the council also discussed reforms of the Parks as well as the Federal Housing Authority (FHA) with the aim to restructure the sector and bridge the 17 housing deficit in the country.

Sada said “Another area was that of the Federal Housing Authority. Every body knows that we have about 17 housing deficit in the sector. For to be able to build and recover this deficit, we must be ingenious in the way we handle the deficit in the country.

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“There is not country that succeed without the involvement of the private sector. So the policies must be right first. The committee presented reports on how to restructure the housing policy to meet the housing needs”‎.

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