The Bureau of Public Enterprises(BPE),has expressed intent to collaborate with relevant agencies to resuscitate companies that couldn’t break even despite privatization.
The Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh,gave the indication while receiving the reports of Federal Government’s four inter agency committees on the resuscitation of ailing/ non- performing privatised enterprises in the country.
He expressed optimism that with the wealth of experience, expertise, commitment, diligent and intellectualism exhibited by the members in the course of carrying out their assignment, the outcomes would bring the desired solution to the non-performing privatised enterprises.
According to him, the affected enterprises; privatised about ten years ago in the Automobile Sector; Bricks and Clay (Housing) Sector; Oil Palm Sector; Mines and Solid Minerals Sector and others, have failed to meet the aim of the privatisation and the reform programme of the Federal Government hence the Government through the National Council on Privatisation (NCP)directed the BPE to investigate the cause(s) for their inability to perform; and also proffer viable and acceptable solutions to resuscitating them to perform optimally, create employment, boost the economy and increase GDP amongst other benefits.
He promised that the findings of the committees would be shared among all stakeholders so as to spur them to meeting their organisational objectives and that of the Federal Government’s privatisation and reform programme; and that the Federal Government on its part, would implement the recommendations because it has the political will to do so.
693600cookie-checkPrivatization:FG Moves To Revive Non-Performing Coys
