Amina Othman

Director General of the Bureau of Public Service Reforms (BPSR), Mr. Dasuki Ibrahim Arabi is seeking the collaboration of the Bureau of Public Enterprises (BPE) to reform some moribund industries in the country.

The Bureau of Public Enterprises (BPE), says it is not conducting another verification exercise for the defunct staff of Power Holding Company of Nigeria (PHCN) as is being circulated in some quarters.

In the bid to restructure the Bank of Agriculture (BOA) for efficiency, the Federal Government has moved to divest 60 per cent of its stakes in the bank.

The next phase of the Federal Government’s Privatization Program will now focus on Public Private Partnerships (PPP), the Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh, has disclosed.

The Bureau of Public Enterprises (BPE) has received five bids and proposals for the acquisition of the Yola Electricity Distribution Company (YEDC) and Afam Electricity Generation Company (Afam Power Plc & Afam Three Fast Power Limited) by prospective core-investors.

The Bureau of Public Enterprises (BPE) has inaugurated four committees to come up with a mechanism for addressing the complexities and challenges hindering the growth and development of some privatised enterprises in the country, which were taken over by core investors over 10 years ago.

President Muhammadu Buhari is to re-inaugurate the Aluminum Smelting Company of Nigeria (ALSCON), Ikot Abasi, Akwa Ibom, to enable it to re-commence production.

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.

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.

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.

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.

Mr Alex Okoh, the Director General, Bureau of Public Enterprise (BPE) has assured that the organisation would not compromise on transparency and integrity in the sale and management of public assets in the country.

Director-General, Bureau of Public Enterprises (BPE), Mr Alex Okoh, said the bureau privatised 142 enterprises from inception in 1993 to date.