Nigeria: BPE inaugurates four questions on the face of private enterprises

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Privy Council Office of Public Enterprises (BPE) in its determination to ensure that privatized enterprises in the United States challenges hindering the growth and development of some privatized enterprises in the country which were handed over to the core investors over ten years ago.

The committees are also responsible for the implementation of the principles of the sector, which have been privatized and proffer credible solutions to addressing the problems. They are the committees on Housing Sector (the Bricks and Clay), Mines and Steel Development, Palm Oil and Automobiles. The fifth committee on paper was inaugurated.

Inaugurating the committees in Abuja on Thursday, March 7, 2019, Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh Reviewed the National Council on Privatization (NCP) at its meeting of April 12, 2018 reviews the performances of some privatized enterprises in the past ten years and they have occupied a strategic place in the nation's economy but have remained suboptimal since privatization.

Okoh said the NCP also took cognizance, the need to resuscitate and reposition the enterprises in order to enhance their market value and their overall contribution to the economy.

Therefore, he said, the NCP is organizing its secretariat (BPE) to organize an Enterprise Stakeholders / Investors Forum with the objective of creating a platform where the Core Investors of the privatized enterprises, potential investors for their resuscitation through partnership between the private and public sectors; This report is in line with the Economic Recovery and Growth Plan (2017) of the Federal Government.

The Director General noted the role of the BPE to engage stakeholders in its program design and execution in order to solicit their cooperation, support and participation in the success of the privatization program and the Nigeria economy.

Okoh implored members of the committees to work assiduously and submit their report within 90 working days' timeline.

The Bureau of Public Enterprises (BPE) and the private sector.

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