Section 13: Functions: privatisation

The functions of the Bureau with respect to privatisation are to-(a) implement the Council's policy on privatisation;
(b) prepare public enterprises approved by the Council for privatisation;
(c) advise the Council on further public enterprises that may be privatised;
(d) advise the Council on the capital restructuring needs of the public enterprises to be privatised;
(e) carry out all activities required for the successful issue of shares and sale of assets of the public enterprises to be privatised;
(f) make recommendations to the Council on the appointment of consultants, advisers, investment bankers, issuing houses, stock brokers, solicitors, trustees, accountants and other professionals required for the purposes of privatisation;
(g) advise the Council on the allotment pattern for the sale of the shares of the public enterprises set out for privatisation;
(h) oversee the actual sale of shares of the public enterprises to be privatised, by the issuing houses, in accordance with the guidelines approved, from time to time, by the Council;
(i) ensure the success of the privatisation exercise taking into account the need for balance and meaningful participation by Nigerians and foreigners in accordance with the relevant laws of Nigeria; and
(j) perform such functions with respect to privatisation as the Council may, from time to time, assign to it.