BPE to encourage more private sector investment in critical sectors — DG
The Director-General of the Bureau of Public Enterprises (BPE), Mr. Alex. Okoh has said the agency in the next four years aims to work towards encouraging more private sector operators to invest in critical sectors of the Nigerian economy through Public-Private Partnerships (PPPs).
Okoh was reappointed by President Muhammadu Buhari for another 4-year term on Thursday.
Okoh said he would immediately put in place a template to further reinvigorate the Bureau’s activities.
The newly re-appointed DG of BPE, highlighting his 6-point agenda in the next four years, stated that the new administration aims to complete all ongoing reforms and privatisation activities of the Bureau, carry out all other transactions that are scheduled for reforms and privatisation in the Privatisation and Commercialisation Act 1999 of the BPE.
Others are, “Ensure passage of all reform bills pending before the National Assembly, ensure robust engagement with all relevant stakeholders and deepening of the core values of the Bureau by ensuring, integrity& transparency, team-work, Accountability and professionalism.”
Speaking for the first time since his re-appointment by President Muhammadu Buhari for another term of four years, Okoh said, already, the Federal Government has simplified the PPP process which now allows private sector players to scout for projects to be financed through the PPP model.
He said he would immediately put in place, a template to further reinvigorate the Bureau’s activities and step up efforts towards revving up those enterprises that are due for either reforms or privatisation.
“In all our transactions, transparency and accountability will continue to be our watch word. It is also an opportunity for the country to witness increased activities in our mandate which will lead to more job opportunities for our teeming youth and increased revenue for the Federal Government,” he stated.
Okoh thanked President Buhari and the Vice-President, Professor Yemi Osinbajo who is also the Chairman of the National Council on Privatisation (NCP) for finding him worthy of re-appointment, noting that it is an evidence of the confidence both of them repose in him to lead the privatisation agency. He promised to re-double his efforts in the next four years to recreate and reinvent the Bureau to become the topmost reformed agency in the world.
