More investments coming through PPPs, says BPE

The Bureau of Public Enterprises on Monday said it would ensure that more private sector operators invest in critical sectors of the Nigerian economy through public private partnerships.

Reappointed Director-General of the bureau, Alex Okoh, said this was part of his six-point agenda as the head of BPE in the next four years.

He noted that the Federal Government had already simplified the PPP process which now allowed private sector players to scout for projects to be financed through the PPP model.

Okoh disclosed this in a statement issued in Abuja by the Head, Public Communications, BPE, Amina Othman.

He outlined other areas of interest by his new administration to include the completion of all ongoing reforms and privatisation activities of the bureau.

Okoh said the bureau would carry out all transactions that were scheduled for reforms and privatisation in the BPE Privatisation and Commercialisation Act 1999.

He said BPE would ensure the passage of all reform bills pending before the National Assembly and engage all relevant stakeholders.

The BPE boss said his agency would deepen the core values of the bureau by ensuring integrity and transparency, team-work, accountability and professionalism.

Okoh promised to immediately put in place a template to reinvigorate the bureau’s activities and step up efforts towards revving up those enterprises that were due for either reforms or privatisation.

He was quoted as saying, “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.”

This, he said, would lead to more job opportunities for Nigeria’s teeming youths and increased revenue for the Federal Government.

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