The Bureau of Public Enterprises (BPE) is charged with the overall responsibility of implementing the Nigerian policy on privatisation and commercialisation.
Newly inaugurated NCP Members
His Excellency, Senator Kashim Shettima GCON – Vice President of the Federal Republic of Nigeria, Chairman, National Council on Privatisation
Mr. Wale Edun – Hon. Minister of Finance and Coordinating Minister of the Economy, Vice Chairman
L-R: Hajiya Halima Halilu, GC, BPE; Mr. Alex Okoh, DG, BPE; Hajiya Hadiza Bala Usman MD, NPA; and Mr. Innocent Gamboro Umar, Co. Sec., NPA
@the
signing ceremony for the concessioning of Terminal B Warri Old Port between the concessionaire–Ocean&Cargo Terminal Services Ltd. and BPE
(L-R) Dr. Joe Abah, former Director General, Bureau of Public Service Reforms (BPSR); Rahila Thomas, Director Energy Markets and Rates Consultants Ltd.; and Mr. Alex Okoh, Director General, Bureau of Public Enterprises (BPE) at the BPE’s 2020 Management Retreat in Akwa Ibom.
RESPONSE BY THE BUREAU OF PUBLIC ENTERPRISES (BPE) TO THE ALLEGATIONS OF IMPROPRIETY IN THE POWER SECTOR REFORM AND PRIVATISATION PROGRAMME LEVELED AGAINST IT BY DR. SAM AMADI, FORMER CHAIRMAN OF NIGERIA ELECTRICITY REGULATORY COMMISSION (NERC)
DO YOU KNOW
Ore-Irele Oil Palm Company Limited is located in the western part of Nigeria, Ondo State and about 13 kilometers from Ore off Lagos-Benin express road.
The Federal Government of Nigeria established the company as an oil palm project in 1976 on 3rd December 1979.
The DG BPE has thanked the President, Muhammadu Buhari and the Vice-President, Professor Yemi Osinbajo who is also the Chairman of the NCP for finding him worthy of re-appointing him to head the privatisation agency.
The Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh (centre) in a group picture with retiring staff of BPE at the valedictory dinner inhonour of the retirees in Abuja recently.
DID YOU KNOW
HEALTH SECTOR REFORM OBJECTIVES INCLUDES
- Ease access to healthcare services
- Improve value of healthcare services- Efficiency
- Reduce out- of- pocket expenses
- Update and expand medical facilities and research centers through Public Private Partnership (PPP)
The DG BPE, Mr. Alex A. Okoh and The Minister of Water Resources, Engineer Suleiman Hussein Adamu at the one-day business improvement training for the partial commercialisation of selected River Basin Development Authorities (RBDAs) in Nigeria.
DID YOU KNOW THAT BPE USED DIFFERENT METHODS IN PRIVATISING PUBLIC ENTERPRISES
Assets Sale - 44
Concession - 47
Core Investor (willing-buyer, willing-seller’) - 3
Core Investor Sale - 58
Debt/Equity Swap - 2
Deferred Public Offer - 1
Newly re-appointed DG BPE, Mr. Alex A. Okoh has set up a 6-point agenda for his administration in the next four years which include; working towards encouraging more private sector operators to invest in critical sectors of the Nigerian economy through Public-Private Partnerships
His Excellency, Senator Kashim Shettima, GCON, Vice President /Chairman of the National Council on Privatisation (NCP) chaired the first NCP meeting after inauguration on December 8, 2023.
"BPE’s current initiatives are poised to impact the economy positively in the areas of infrastructure development, improved power generation and supply, employment creation, food security and human capital development".
DG- BPE
According to VP, Prof. Yemi Osinbajo, the Chairman of the National Council on Privatisation (NCP), the sale of part of the FG’s shares in the Nig. Security Printing and Minting (NSPM) Plc is one of the largest privatisation transaction in the privatisation journey thus far.
"The future lives in a very broad set of possibilities and we are faced with a full range of possible futures".
Alex A. Okoh: Director General BPE
Happy New Month
NNPCL formerly NNPC has expressed interest to participate in the acquisition of the power plants put up for sale by the FG through the NIPPs.
MD of NNPCL, Mallam Mele Kolo Kyari who disclosed this when he led top Mgt team of the Oil & Gas Company on a courtesy visit to BPE.
Dr. Amadi responded that he had made up his mind on the issue and that he was going to take the gamble and face the consequences. The Bureau made it clear to him that it would never support such a reckless decision from a regulator.
ISSUES TO BE DISCUSSED AT THE RETREAT
CLAUSE BY CLAUSE ANALYSIS OF THE PROPOSED AMENDMENTS TO THE PUBLIC ENTERPRISES PRIVATISATION AND COMMERCIALISATION ACT 1999
During this challenging cholera outbreak, let's prioritise our health and safety. Ensure access to clean water, practice good hygiene, and seek medical help. Together, we can overcome this. Stay safe. Ayodeji A. Gbeleyi, DG BPE
Mr. Alex A. Okoh Director General BPE and Mr. Tony Elumelu Group Chairman Transcorp Plc during the signing the signing of the discharge certificate today
DID YOU KNOW
- IKOYI HOTEL WAS 100% GOVERNMENT OWNED
- In December 31 2002, BETA Consortium Limited emerged as the Core Investor through Asset Sales
- Mandatory 5 Years Monitoring Period of the Enterprises Post Privatisation was carried out by BPE
He promised to re-double his efforts in the next four years to recreate and reinvent the Bureau to become the top most reform agency in the world.
@NGRPresident
@BashirAhmaad
The Power Sector is capital intensive & the government with its many responsibilities in other sectors of the economy cannot fund its development. It is very crucial to reform the sector so as to attract and encourage private sector participation.
@ProfOsinbajo
@TranscorpGroup
DID YOU KNOW
The Technical Committee for Privatisation and Commercialization (TCPC) had privatised a total of 36 public enterprises through public offer for sale of their shares and listing on the Nigerian Stock Exchange.
Director General of the Bureau of Public Enterprises (BPE), Mr.Alex A.Okoh, (4th right) with the Benue State Commissioner for Finance, Mr. David Olofu by the DG's right during a courtesy visit by the latter to Bureau on Wednesday,June 1, 2022.
In a strategic move to address the identified gaps in the Electricity Distribution Companies (DisCos), the Federal Government of Nigeria has secured a $500 million loan from the World Bank. Approved on February 4, 2021, by the World Bank Board of Directors.
Speakers at the event include: a deputy Governor of the Central Bank of Nigeria (CBN), Dr. Kingsley Obiora,the Partner, Amaya Capital Ltd, Dr. David Ladipo and the Managing Director, Infrastructure Credit Guarantee Company, Mr. Chinua Azubuike.
Consultancy for Conduct of Technical Audits/ Validation and Assessment of Current Condition of Equipment of Kainji, Jebba, Shiroro Hydropower Plants and Compliance by Concessionaires with Perfomance Criteria in Concession Contracts.
INVITATION FOR EXPRESSION OF INTEREST.
•Completion of all ongoing reform and privatisation activities of the Bureau;
•Carrying out all other transactions that are scheduled for reforms and privatisation in the Privatisation and Commercialisation Act 1999 of the BPE;
Members of the Shareholders’ Technical Committee on the Recapitalization of the Bank of Agriculture (BOA) at the signing ceremony of the technical report.
@bankofagricng
REQUIRED DOCUMENTS FOR THE VERIFICATION EXERCISE
NEXT OF KINs (NOKs)
5. The Next of Kin Verification Form should be completed;
6.The Biometric Data of the Next of Kin be captured;
7.Original and Photocopy of the Death Certificate of the deceased;
Today, I received the World Bank Team to discuss advancing the Nigerian Power Sector. Together, we aim to drive sustainable progress and ensure reliable power for all Nigerians - Ayodeji A. Gbeleyi (DG, BPE)
Management teams of the Bureau of Public Enterprises (BPE) and Nigerian National Petroleum Company Limited (NNPCL) in a group photograph during a courtesy visit by the latter.
Privatisation in Nigeria is set to accomplish the following objectives:
•To grow the private sector as the driving force and engine of growth of the economy
•Reduce government involvement in economic activities
•Improve efficiency and quality of service delivery
The Power Sector Recovery Programme (PSRP) is robust enough to ensure viability of the power sector and manage the liquidity issues militating against the sector. DG, BPE, affirmed this at a meeting with the House of Rep. Committee on Privatisation and Commercialisation recently.
BPE has done it again. Congratulations to the Vice President/Chairman of Council, NCP Members, Technical Committee Members and the entire staff of the BPE. You have achieved another milestone.
The DG BPE, Mr. Alex A. Okoh said in line with BPE’s new role in the Administration of Concession Programme of the Federal Government of Nigeria, the agency in collaboration with the Fed Min. of Finance, Budget & National Planning has developed a PPP Project Information tool
Chairman of NERC with zero years of experience in the power sector should seat in judgment over the outcome of PHCN successor company’s evaluation.
II.That BPE failed to corporatize and commercialise before privatisation.