ADVERTISEMENT
The Sun Nigeria
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
ADVERTISEMENT
Home National

FG reforms 140 public enterprises in 30 years – BPE

15th May 2018
in National
0
BPE
0
SHARES
398
VIEWS
Share on FacebookShare on Twitter

NAN

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.

The Director General of BPE, Mr Alex Okoh disclosed this on Tuesday in Abuja, at the inauguration of the Stakeholder Engagement Committee of the National Council on Privatisation (NCP).

The News Agency of Nigeria(NAN) reports the committee was inaugurated by the Minister of Information and Culture, Alhaji Lai Mohanmed who is the Chairman.

The committee has the mandate of achieving a credible public enterprise transformation strategy of the federal government.

Membership of the committee are drawn from the labour unions, the private and public sectors, human rights organisations and NGOs.

Okoh said that the over 140 enterprises so far reformed in 30 years cut across various sectors of the economy including, banking and insurance, oil and gas, power, hospitality, pensions and telecommunication,.

He said the reformed enterprises went through the process of full or partial privatisation, full or partial commercialisation and concessioning.

Okoh, faulted, the general believe in the court of public opinion that privatised enterprises had been sold for far less than their actual market value and that they were not doing well.

“Of these privatised enterprises, over 60 per cent have achieved a good level of performance.

The power generation companies are performing very well. I can also tell you that the seaports are performing despite some infrastructural constraints.

It can thus be seenthat there is something of a mismatch between public perception of privatisation and the realities of its contributions to the economy” he said.

The DG noted that an effective stakeholder engagement strategy would go a long way in correcting the wrong public perception on privatisation .

He also underscored the need to build support and understanding for the federal government’s reform agenda by effectively communicating considerable benefits of privatisation.

Okoh said there was an urgent need to manage the concerns and allay the fears of key stakeholders while ensuring that their interests were considered.

The DG raised concern over a recent development where certain institutions were engaging in activities which tend to compromise and conflict with the statutory functions of NCP and BPE.

The minister, after inaugurating the committee, underscored the need for its members to live up to their responsibilities.

He said the committee should identify and maintain contacts with stakeholders and opinion leaders and in turn advise the NCP on their interest and concerns.

Mohammed reiterated the President Muhammadu Buhari Administration’s commitment to promoting the participation of the private sector in the strategic economic agenda of the nation

He said the government would provide the enabling environment for the private sector to thrive such as provision of critical infrastructure.

Tags: Bureau of public enterpricefederal government
Omotayo Edubi

Omotayo Edubi

Related Posts

Tiv/Jukun crisis: 5 feared killed in Benue
Cover

OPC, Fulani clash claims 4 lives in Ajase Ipo

13th August 2022
Kwara supports 100 youths with N1m grant each
National

Kwara supports 100 youths with N1m grant each

13th August 2022
… Leaves for EU-AU summit in Belgium
National

Rising cost of living: Southern, Northern, M-Belt elders raise the alarm

13th August 2022
Next Post
Corruption will continue to fight back but I won’t be deterred – Buhari

Corruption will continue to fight back but I won’t be deterred - Buhari

LIVE UPDATES KADUNA LG POLLS - EL-RUFAI

Kaduna electoral body to conduct by-election in Kaduna South

OBASEKI

Edo govt announces mass recruitment into civil service

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Highlights

2023: Yoruba groups divided over Tinubu, others

Activist, SAN battle Abia Poly over alleged ‘certificate racketeering’

Rising cost of living: Southern, Northern, M-Belt elders raise the alarm

Buhari launches national management doctrine

Insecurity, oil theft more pressing than all Muslim ticket – Uzodimma

Enugu lawmakers, CSOs fault sexuality education bill

Trending

lawma
Business

LAWMA rejigs operation, urges Lagosians to adapt (3)

13th August 2022
0

By Maduka Nweke The Managing Director and Chief Executive Officer Lagos State Waste Management Agency (LAWMA) Mr....

Tiv/Jukun crisis: 5 feared killed in Benue

OPC, Fulani clash claims 4 lives in Ajase Ipo

13th August 2022
Kwara supports 100 youths with N1m grant each

Kwara supports 100 youths with N1m grant each

13th August 2022
End protest now, Tinubu tells youths

2023: Yoruba groups divided over Tinubu, others

13th August 2022
Activist, SAN battle Abia Poly over alleged ‘certificate racketeering’

Activist, SAN battle Abia Poly over alleged ‘certificate racketeering’

13th August 2022
ADVERTISEMENT

Follow us on social media:

Latest News

  • LAWMA rejigs operation, urges Lagosians to adapt (3)
  • OPC, Fulani clash claims 4 lives in Ajase Ipo
  • Kwara supports 100 youths with N1m grant each
  • 2023: Yoruba groups divided over Tinubu, others
  • Activist, SAN battle Abia Poly over alleged ‘certificate racketeering’
  • Rising cost of living: Southern, Northern, M-Belt elders raise the alarm
  • Buhari launches national management doctrine
  • Insecurity, oil theft more pressing than all Muslim ticket – Uzodimma
  • Enugu lawmakers, CSOs fault sexuality education bill
  • 2023: PDP govs, leaders divided over Ayu
  • Abuja-Kaduna train: Terrorists reneged after we met their demands –Presidency
  • Okwaraji: Sports Minister celebrates fallen hero, 33 years after
  • My administration ‘ll end ASUU strikes –Atiku
  • Business mogul, Nasiru Danu’s unending honours
  • Insecurity: Abuja residents in panic mode
  • Climate change: Need for sustainable waste management policies in Africa
  • The Nation Newspaper’s Editorial on Mike Awoyinfa at 70: Ode to a master of the art
  • Gov Sanwo-Olu: Things I’ve done to keep Lagosians safe
  • Oko Oba slums where criminals are kings
  • Barcelona sell 24.5% of Barca Studios for €100M

Categories

  • Abuja Metro
  • Anambra Watch
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • Change of Name
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.