The Director-General of the Bureau of Public Enterprises (BPE), Mr. Benjamin Dikki has said that the Federal Government will only divest from its interest in various businesses it owns or co owns would depend on the profitability of such businesses.
As such, the government’s sale of shares in Transcorp Hilton Hotel Plc, the recently privatised Electricity Distribution and Generation Companies (DISCOs and GENCOs) etc. will depend on the profits made by the companies. According to the Nation
Its Director-General, Mr. Benjamin Dikki who spoke at the first Annual General Meeting (AGM) of Transcorp Hilton Hotel Plc, Abuja, was forced to comment when shareholders demanded to know when the remaining 40 per cent share of Transcorp Hilton Hotel held by the government would be sold to members of the public.
Dikki assured the shareholders that the decision to divest government’s holdings in some enterprises based on the profitability of such businesses was to protect the investment of ordinary shareholder who would purchase the shares of such companies.
The government, Dikki said, would not want to expose potential shareholders and investors to unprofitable enterprises considering that shareholders are investing their hard earned money.
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