Home Business FG revokes Lagos trade fair complex concession

FG revokes Lagos trade fair complex concession



The National Council on Privatization, which is chaired by Vice President Yemi Osinbajo, has approved the immediate revocation of the concession of the Lagos International Trade Fair Complex.

The trade fair complex was in 2008 given to Aulic Nigeria Limited as a concession, a move that had come under severe criticism by several trade groups. The NCP also approved the commencement of the privatization of the Afam Power plants 1-5 in a bid to injecting additional power into the national grid and improving electricity supply nationwide, as well as the immediate commencement of fresh privatisation of Yola Electricity Distribution Company.

The Senior Special Assistant to the President on Media and Publicity, Laolu Akande, said this in a statement on Monday. The council is the highest decision-making body on policies relating to the privatisation and commercialization policies of the Federal Governmen




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