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BPE initiatives impacting on nation’s economy -DG

June 12th, 2018

By Titus Eleweke

The Director General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh has declared that the Bureau was embarking on a critical initiative towards privatising and concessioning of some public enterprises in the country.

He said the current initiatives embarked upon by the Bureau were designed to positively impact on the nation’s economy.

According to a statement signed by the Head, Public Communications of BPE, Amina Othmanhim, the Director General made the declaration while presenting a paper titled: ‘The Role of National Council on Privatisation (NCP) in the Privatisation Programme’, recently in Abuja

Okoh said the current move by the Bureau would positively impact on the areas of power generation and supply, infrastructural development, job creation, food security and human capital development as well as overall economic growth.

He listed some of the initiatives to include the Privatisation of Afam Power Plant, concessioning of Terminal “B” Warri Old Port, restructuring & recapitalisation of the Bank of Agriculture (BOA), partial commercialisation of the Nigerian Postal Services (NIPOST) and the restructuring/ commercialisation of three River Basin Development Authorities (RBDAs).

According to him, others are the partial commercialisation of three selected National Parks, re-privatisation of Yola Disco, power sector recovery initiative and development of data management framework for the power sector.

Okoh said that through the privatisation and commercialisation programme, the BPE has attained some broad milestones in the last 18 years.

He said the expansion of private sector participation in the Nigerian economy had attracted quality foreign investors and capital.

Okoh  also said that other area initiatives   include  the attraction of more efficient allocation of government resources by redirecting  funding of public enterprises by government to other key sectors of the economy that were socially imperative ‘such as healthcare and  education,  encouraging the private sector to be the engine room of economic growth and development’.

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