The sale of 21 per cent shares of the Federal Government in the Nigerian Security Printing and Minting (NSPM) to the Central Bank of Nigeria (CBN) will contribute over N17 billion to the national treasury.
The Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh, said at the signing of the deal for the sale of the Federal Government’s 12.4 billion shares in the NSPM to the Central Bank of Nigeria (CBN).
Okoh also said that the conclusion of the transaction represents another success in the implementation of the Federal Government’s privatisation and commercialisation programme.
He maintained that the Federal Government was handing over to the CBN; a company with tremendous potentials to achieve significant growth. The DG said this could be attested to by the following:
The global market for security printing was estimated to be worth $27.2 billion in 2017 and is estimated to grow at about 4.8% annually to $34.3 billion…
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