By Ndubuisi Francis in Abuja
The Bureau of Public Enterprises (BPE) has declared that the federal government does not intend to sell the Lagos International Trade Fair Complex (LITFC), but would rather concession the facility through a competitive transaction process.
The privatisation agency’s clarification followed the alleged closure of LITFC by the traders’ associations operating in the complex and the protest by the said associations over the purported sale of the facility.
In a statement issued by the BPE’s Head, Public Communication, Amina Tukur Othman, it said: “For the avoidance of doubt, the Bureau states that the Federal Government of Nigeria through the Bureau of Public Enterprises (BPE) does not intend to sell the Complex, rather the facility would be concessioned through a competitive transaction process.
“It’s for this reason that the government has procured the services of Messrs Feedback Infrastructure Services to advise on the way forward…