BPE to List Two DisCos and One GenCo on the Stock Exchange as Part of 2025 Revenue Push

The Bureau of Public Enterprises (BPE) has confirmed plans to launch an Initial Public Offering (IPO) for two electricity Distribution Companies (DisCos) and one Generation Company (GenCo) on the Nigerian Stock Exchange. The announcement comes as part of the federal government’s broader strategy to deepen private-sector participation in the power industry and raise critical funding for 2025 initiatives.

At a recent media briefing, BPE Director-General Ayodeji Gbeleyi stated that while the identities of the firms remain confidential for now, shareholders’ loan agreements have already been executed for 10 out of 11 DisCos, with disbursement expected in the coming weeks.

Meanwhile, plans to privatize five GenCos remain on hold, citing challenges such as exchange-rate volatility and infrastructure limitations preventing their participation in the eligible customer framework.

This IPO initiative is part of BPE’s efforts to bolster transparency, accountability, and improved governance within the power sector—aligned with President Tinubu’s “Renewed Hope Agenda” and the National Economic Recovery Plan.