Section 1: Privatisation of Government enterprises.

(1) All enterprises specified in the first column of Part I of the First Schedule to this Act shall be privatised to the extent specified in the third column therein and in accordance with the provisions of this Act.
(2) All enterprises specified in Part II of the First Schedule to this Act shall be fully privatised in accordance with the provisions of this Act.
(3) The President, Commander-in-Chief of the Armed Forces may by Order published in the Federal Gazette at any time alter, modify, delete from or amend any of the enterprises listed in the First Schedule to this Act so as to alter the category to which any enterprise belongs.