The Federal Government is preparing to sell part of its shares in two electricity distribution companies (DisCos) and one generation company (GenCo), with plans to list them on the Nigerian Exchange (NGX).
Director-General of the Bureau of Public Enterprises (BPE), Mr. Ayodeji Gbeleyi, disclosed this at his maiden press briefing in Abuja, explaining that the move is part of efforts to unlock value from state-owned enterprises and improve efficiency in the power sector.
He said the federal and state governments currently hold 40 percent equity in the DisCos and 30 percent in the GenCo, and part of these shares would be offered to the public through initial public offerings (IPOs).
“The listing of these firms will give Nigerians the opportunity to participate in the ownership of critical power infrastructure while strengthening corporate governance and transparency,” Gbeleyi stated.
Although he declined to reveal the names of the companies involved or specific timelines, he stressed that the process was sensitive and aimed at ensuring credibility and confidence among stakeholders.
Analysts estimate that the listings could unlock over ₦2 trillion in value, citing the performance of existing power firms on the exchange. Transcorp Power Plc is currently valued at ₦2.15 trillion, while Geregu Power Plc is worth ₦2.85 trillion.
Gbeleyi added that the BPE is also working to commercialise other key agencies such as the Federal Mortgage Bank of Nigeria (FMBN), the Federal Housing Authority (FHA), the Nigeria Film Corporation, and the National Parks Service. Concession plans are also underway for five airports and the Baro Inland Port.
The BPE boss reaffirmed the agency’s commitment to reforms under President Tinubu’s Renewed Hope Agenda, targeting ₦312.3 billion in revenue from 15 transactions in 2025 and supporting broader goals of job creation, infrastructure development, and a $1 trillion economy.
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