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To mitigate risks in its transactions in 2020, the Bureau of Public Enterprises (BPE) has introduced risk management strategy in all transactions as part of its efforts to improve on its mandate.
The Director General, BPE Alex Okoh, disclosed this while receiving members of the House of Representatives Committee on Privatization, led by the Chairman, Victor Kolade Akinjo. The committee was on an oversight visit to the Bureau on Wednesday.
According to Okoh, the current initiatives by the Bureau are aimed at impacting the Nigerian economy positively in the areas of infrastructure development, employment creation and human capital development.
Okoh said that the opportunities particularly in the infrastructure space are limitless and need political leadership for its success.
He said noted that the Bureau was shifting focus and strategy to reforms, and other public private partnership initiative to address the infrastructural deficit in the country. “The Bureau over the years had carried out reforms in the telecoms sector which (has improved teledensity), the pension reform and the Ports .On the Ports reforms, the Bureau had succeeded in providing above 25, 000 additional jobs to Nigerians”.
The Chairman of the Committee on Privatization, Victor Kolade Akinjo in his response, said the purpose of the oversight visit was to interface with the Bureau and sensitize the committee members on the reform and privatization process carried out by the Bureau; even as he expressed the need to amend the Public Enterprises privatization and commercialization Act to reflect current realities.
Akinjo expressed satisfaction with the reforms the Bureau had carried out over the years and pledged to support it for the growth and economic development of the nation.
Cynthia Egboboh, Abuja.
