enterprises

Privatisation: BPE Complete Transactions On 234 Enterprises

November 13, 2019 11:20 am

The Bureau of Public Enterprises (BPE) on Wednesday disclosed that it has so completed transactions on 234 enterprises since the inception of the Federal Government’s privatisation programme in 1999.

It further disclosed that plans were afoot to divest from the 10 newly-built gas-fired National Integrated Power Projects (NIPPs) when completed.

The Director-General of BPE Mr Alex Okoh made the disclosures recently at the Nigerian Investment Showcase at Guildhall, London, with the theme: “Public Sector Deals Recently”.

A BPE statement said Okoh listed the milestones recorded by the privatisation programme to include: expanding private sector participation in the Nigerian economy; attracting

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Sell Public Enterprises To Fund 2020 Budget, BPE Tells FG

October 21, 2019 10:41 am

The Director-General of the Bureau of Public Enterprises (BPE), Mr.Alex Okoh, has advised the federal government to consider the privatisation of federal government-owned enterprises to fund the ₦10.33 trillion 2020 budget, which has a total deficit of ₦2.28 trillion.

He decried a situation where state-owned enterprises place undue pressure on the lean public purse by way of subventions.

A statement by BPE’s Head, Public Communications, Amina Tukur Othman quoted Okoh as saying that there was no justification for the ritual of yearly budget deficit with local and external borrowings when there are national assets that could be converted into …