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NNPCL Leads, As FG Ponders Privatising 20 Businesses

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The mood on efficiencies in government circles is tilting towards the return of the sale of government enterprises to the public through the capital market.

The signals can be seen in the increased romance between the authorities at the Nigerian Exchange Limited (NGX) and the Ministry of Finance Incorporated (MOFI).

Recall that the top officials of the MOFI were at the NGX in Lagos on Monday, where the closing bell was rang in their honour and the capital market community pledged support for the democratisation of equities in the businesses now domiciled in the care of the MOFI.

The synergy between the public and private sectors, according to what the business leaders bandied after their meeting would centre on “capital market development and listings”.

Biztellers reports that top among the stakeholders, who had pledged loyalty to the FG in this regard include, the NGX, the Chartered Institute of Stockbrokers and the Association of Securities Dealing Houses of Nigeria (ASHON), and the Chartered Institute of Stockbrokers (CIS).

It has filtered out that the FG is pondering divesting from 20 businesses, top of which is the Nigerian National Petroleum Corporation Limited (NNPCL).

Chief Executive Officer, MOFI, Armstrong Takang, is reported to have confided in Bloomberg in this regard.

According to Takang, the strategic sales and initial public offerings, among other options are in focus for execution over an 18-month period.

He noted that some of the entities need the private sector to take controlling shares and the major consideration for the government is to create value rather than retain control.

He said, “It is better for us to own 49 percent of a high-performing entity than 90 percent of an entity that is underperforming.”

It was gathered that the democratisation of equities in these businesses would be part of President Bola Ahmed Tinubu’s economic reforms.

Takang also revealed that the MOFI was in the process of appointing consultants including valuers, financial advisers, lawyers, bankers, and others to handle different aspects of the transactions.

Other assets being considered for privatisation are: the Tafawa Balewa Square (TBS) Lagos, the National Integrated Power Projects in Olorunsogo, Calabar II, Benin (located at Ihorbor), Omotosho II, Geregu II plants, all the hydropower plants across the country, including Oyan, Lower Usuma, Katsina-Ala, and Giri plants.

Informed sources expressed the view that probably more than 25 of such projects would be turned into active assets with a view to boosting income generation for the FG.

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Terror Threats: Osun Establishes Joint Security Task Force

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Four gang-killed two in Osun, destroy N8M properties

In response to the recent security alerts, the Osun State Government has approved the establishment of a Joint Security Taskforce to strengthen security response and alert to threats to lives and properties in the state.

According to a government house statement on Thursday, to ensure smooth take off of the JTF, the state government declared its readiness to provide all necessary logistics that will strengthen the protection of lives and property of the people throughout Osun State .

The decision was adopted at the State Security Council (SSC) meeting convened yesterday by Governor Ademola Adeleke and presided over by the Deputy Governor, Prince Kola Adewusi with the new Commissioner of Police personally in attendance alongside other security top brass.

READ ALSO: NCDMB Book Reading Features Nwabuikwu

The Deputy Governor while opening the meeting conveyed the best wishes of the state Governor to the service commanders and lauded their steadfastness during recent security challenges and tasked them not to relent in the face of fresh security threats.

Accompanied by the Attorney General of the state, Hon Wole Jimi-Bada; the Head of Service, Elder Ayanleye Aina; and the Governor’s Special Adviser on Security, Mr Samuel Ojo, the Deputy Governor told the commanders that the governor is committed to further empowering the security agencies to secure the state while calling on the traditional rulers to sustain their local security oversight.

The Council during its deliberations also used the opportunity of the meeting which lasted several hours to further allay the fears of the residents on their security and protection, noting that Osun state remains safe and secured.

The Council further tasks residents to be extra vigilant particularly in churches, mosques and schools, tasking stakeholders to put extra security measures around their premises.

While assuring the public of their safety, the Council further requested timely intelligence sharing to security agencies by members of the public to forestall attacks by suspected terrorists and bandits.

The Nigeria Police in conjunction with other security agencies were also directed to be on a 24 hour red alert to curtail the threats of the said bandits and terrorists.

At the meeting, an agreement was also reached between the Ministry of Justice, the Nigeria Police, and the DSS, to collaborate with a view to ensuring that all the suspects are properly investigated and prosecuted accordingly without delay.

The meeting ended with a commendation of the new Commissioner of Police, Mr Ibrahim Zungura for instituting policing reforms since his assumption of office and for attending the security meeting in person.

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Shettima Arrives Yola to Condole With Bamanga Tukur’s Family

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Vice President Kashim Shettima has arrived in Yola, Adamawa State, to lead a Federal Government delegation on a condolence visit to the family of the late elder statesman, Alhaji Bamanga Muhammad Tukur.

Shettima’s visit is at the instance of President Bola Ahmed Tinubu, following the death of the former Governor of the old Gongola State and former National Chairman of the Peoples Democratic Party (PDP).

The Vice President was received in Yola by Adamawa State Governor, Ahmadu Umaru Fintiri, alongside members of the state executive council.

Tukur, who died on September 12, 2026, was a prominent businessman, politician and elder statesman whose career in public service and business spanned several decades.

SEE MORE: 2027: PDP Drops Fresh Revelation on Wike’s Support for Tinubu

He served as Governor of the defunct Gongola State and later became National Chairman of the PDP. He was also recognised for his contributions to Nigeria’s political development and Africa’s business community.

The presidential delegation accompanying Shettima includes the APC Deputy National Chairman (North), Hon. Ali Bukar Dalori; former Minister of Transportation, Senator Sa’idu Ahmed Alkali; Deputy Chief of Staff to the President (Office of the Vice President), Senator Ibrahim Hassan Hadejia; and Senior Special Assistant to the President on National Assembly Matters (Senate), Senator Abdullahi Abubakar Gumel.

Others on the delegation are Hon. Abdulrazaq Sa’ad Namdas; Sarkin Gabas Adamawa, Dr Mahmood Halilu Ahmed (Modi); and APC National Vice Chairman (North-East), Comrade Mustapha Salihu, among others.

The condolence visit comes as political leaders, government officials and other Nigerians continue to mourn the death of the former governor and PDP national chairman.

 

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Borgu: ‘We Must Never Normalise the Killing of Nigerians’ — Peter Obi

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Peter Obi has condemned the reported killing of some Nigerians abducted in Borgu, Niger State, saying the country must never normalise the killing of its citizens.

Obi made this known in a statement released via X on Wednesday, where he described the reports emerging from Borgu as increasingly difficult to comprehend and deeply painful.

He recalled that on August 27, he had expressed his anguish over the reported abduction of about 600 Nigerians, including women, children and elderly people, alongside the killing of others.

ALSO SEE: ‘You Should Not Have to Leave Nigeria to Succeed’ – Peter Obi Tells Nigerian Youth

According to him, his anguish has deepened following continuing reports of the gruesome killing of some of those abducted, while many others remain unaccounted for.

Obi also referred to another disturbing incident in which a bandit group reportedly beheaded a Nigerian and sent his severed head to a community leader over a ₦50 million levy.

“If the reported killing was intended to increase pressure on the community and extract more money for those still being held, then we must recognise the terrible reality before us: human life is being deliberately turned into a bargaining instrument,” he said.

The former Anambra State governor said one person being killed to terrorise an entire community while others are kept alive as hostages for more ransom amounts to the systematic devaluation of human life.

“These are not statistics. They are Nigerians. They are mothers, fathers, children, brothers, sisters and elderly people,” Obi said.

He questioned how long the country would continue to accept the kidnapping of hundreds of citizens, killings, criminal levies, displacement and ransom payments as unavoidable features of Nigerian life.

Obi said insecurity also affects families, farms, businesses, education and public confidence in government.

He called for intelligence-led operations, stronger community security, rapid response, better coordination and equipment for security forces, effective border protection and sustained action against criminal networks.

“The primary responsibility of government is the security and welfare of its citizens,” he said.

“While politicians prepare for elections, Nigerians are asking for something more fundamental: the right to live.”

Obi urged the government to match prayers with action, insisting that no criminal group should determine who lives or dies anywhere in Nigeria.

“Every Nigerian life matters. Every victim deserves justice. Every community deserves protection. Nigeria must restore security, justice, and the dignity of human life,” he added

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