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Alex Okoh

BPE: How privatisation saved Nigeria $3 billion

The privatization and commercialisation process has freed up over three billion dollars consumed by Public Enterprises (PEs) annually in terms of subventions, waivers and unpaid taxes, the Bureau of Public Enterprises (BPE) says.

BPE denies alleged expiration of Discos licences

The Bureau of Public Enterprise (BPE) has described a untrue, rumours that the operating licences of 11 electricity distribution companies in Nigeria have expired and needed to be renewed by the federal government.

BPE begins commercialisation of four river basin authorities

The Bureau of Public Enterprises (BPE) has commenced the partial commercialisation of four River Basin Development Authorities (RBDAs) in the country, including those of Niger-Delta, Sokoto-Rima, Ogun-Osun and Upper Niger.

BPE, KPMG sign contract for NIPOST restructuring

The Bureau of Public Enterprises (BPE) and the Nigerian Postal Service (NIPOST) have signed a contract agreement with KPMG — the Transaction Adviser for the postal sector reforms and the restructuring/modernisation of NIPOST.

SAHCO to offer shares to public from November 12

Moves by Skyway Aviation Handling Company (SAHCO) to get enlistment on the Nigerian Stock Exchange (NSE) received a boost on Monday as the company officially made an initial public offer for the sale of 406,074,000 shares with effect from Nov. 12.

Lai Mohammed: Federal government working to checkmate failure of public enterprises

The Minister of Information and Culture, Alhaji Lai Mohammed, has said the Federal Government is implementing critical reforms and privatisation policies in key sectors of the economy to address the abysmal failure of public enterprises and halt the drain on the treasury

BPE: Privatisation better than borrowing for budget funding

Amidst on-going controversy over Nigeria’s debt sustainability, the Director General of Bureau of Public Enterprises, BPE, Alex Okoh, has said that the fiscal policy will do better raising budgetary funding from privatization.

Lai Mohammed tasks National Assembly on expeditious passage of privatisation reform bills

The Minister of Information and Culture, Alhaji Lai Mohammed, on Monday urged the National Assembly to expeditiously pass eight privatisation sector reform Bills pending before it.

BPE, NBS, NISER to conduct impact assessment of privatised enterprises

The Bureau of Public Enterprises (BPE) is on the verge of carrying out an impact assessment exercise on select privatised enterprises under the reform and privatisation programme of the federal government, the Director General of the Bureau, Mr. Alex Okoh, has disclosed.

Okechukwu Enelamah: Federal government to indemnify LITFC concessionaires

Minister of Industry, Trade and Investment, Dr. Okechukwu Enyinna Enelamah, has said that the Federal Government is ready to provide indemnity to ensure that the re-concession of the Lagos International Trade Fair Complex (LITFC) is successful.

DisCos: BPE sets deadline for final performance review

The Bureau of Public Enterprises (BPE) has announced December 31, 2019 as the final performance review date for 10 electricity distribution companies (Discos) in the country.
Vice President Yemi Osinbajo

Central bank buys up 12.4 billion federal government shares in minting company

The Central Bank of Nigeria (CBN) and the Bureau of Public Enterprises(BPE) have signed an agreement for the sale of the Federal Government’s 12.4 billion shares in Nigerian Security Printing and Minting company (NSPM) to CBN.
Ayo Teriba

Economist: Nigeria must privatise more assets

Nigeria must urgently consider privatising her redundant assets to raise the required funds to grow the economy and ensure stability, Vice Chairman, Technical Committee of the National Council on Privatisation, Ayo Teriba, said.

Nigeria eyes $1.3 billion from asset sales this year

Nigeria expects to raise about N400 billion ($1.3 bn) via asset sales this year, part of which would help finance its record 2018 budget.

BPE: Nigeria targets $1.3 billion from asset sales this year

The Bureau of Public Enterprises, BPE, says it expects to raise N400 billion ($1.3 bln) from asset sales this year, part of which will help finance the 2018 budget.

RMAFC: Nigeria loses $21 billion to non-review of PSCs

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) says the nation lost about $21 billion in revenue in the last 20 years to non-review of Production Sharing Contracts (PSCs).

Alex Okoh: BPE to review power sector privatisation

The Bureau for Public Enterprises (BPE) says it will review Nigeria’s power sector privatisation process, to remove fundamental flaws hindering effective operations in the sector.

Federal government reforms 140 public enterprises in 30 years – BPE

The Bureau of Public Enterprises (BPE) and its predecessor, Technical Committee on Privatisation and Commercialisation (TCPC) have reformed over 140 public enterprises in 30 years.

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Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says the agency will monitor campaign funds donated to political parties for the 2019 elections as well as donors’ identities.

Ibrahim Magu urges Nigerians to stop paying lip-service to anti-corruption war

The Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has urged Nigerians to refrain from paying lip-service to the fight against corruption, but rather, to become practical in their actions and attitude towards eradicating the menace from all segments of our country.
Mark Okoye

Anambra government targets 90 percent budget performance in 2019

Mark Okoye, the Anambra State Commissioner for Planning and Budget, has said that the state government was targeting 90 percent budget implementation in next year’s financial year judging by the way the budget was structured to achieve economic development.

2019: CAN meets Muhammadu Buhari, Atiku Abubakar, others warns desperate politicians

The Christian Association of Nigeria has advised Nigerians against voting for any desperate presidential candidate in 2019.
Young Progressive Party YPP

YPP decries president’s rejection of Electoral Bill

Young Progressives Party (YPP) has faulted the decision of President Muhammadu Buhari declining assent to the 2018 Amended Electoral bill, stating that it was an attempt to benefit from a flawed electoral system.

Court dismisses Segun Oni’s suit challenging Kayode Fayemi’s eligibility to contest Ekiti election

A Federal High Court in Ado-Ekiti on Monday dismissed the suit filed by a former governor of Ekiti State, Chief Segun Oni, challenging the eligibility of Governor Kayode Fayemi to contest the July 14 governorship election in the state.