DEMAND FOR INFRASTRUCTURE: What are Infrastructure Needs and Programs?

Program NameNigeria: Bureau of Public Enterprises
Country/RegionNigeria
Sovereign Long-Term Rating
S & P Local: n.a. S & P Foreign: n.a.
Moody's Local: n.a. Moody's Foreign: n.a.
Fitch Local: n.a. Fitch Foreign: n.a.
Includes Sub-Sovereigns?Yes
Sub-Sovereign Long-Term Rating
S & P Local: n.a. S & P Foreign: n.a.
Moody's Local: n.a. Moody's Foreign: n.a.
Fitch Local: n.a. Fitch Foreign: n.a.
Program DescriptionThe Bureau of Public Enterprises (BPE) is charged with the overall responsibility of implementing the Nigerian policy on privatization and commercialization.


The functions of the Bureau as provided for in the Act include:

1. Implementing the Nigerian policy on privatization and commercialization.
2. Preparing public enterprises approved for privatization and commercialization.
3. Ensuring the update of accounts of all commercialized enterprises for financial discipline.
4. Making recommendations on the appointment of Consultants, advisers, investment bankers, issuing houses stockbrokers, Solicitors, trustees, accountants and other professionals required for the purpose of either privatization or commercialization.
5. Ensuring the success of the privatization and commercialization exercise through effective post transactional performance monitoring and evaluation.

BPE Vision: To be the model reform agency.

BPE Mission: To be the key driver of Government Economic reform program; To be the resource centre for capacity building and sustenance of reforms through: Promoting a competitive economy and enfranchising Nigerians; Enthronement of effective corporate governance and financial discipline in the public and private sectors; Institutionalising social accountablity and efficient deployment of public resources.

BPE Core Values: Transparency and Integrity; Accountability and Team Work; Commitment and Diligence; Result Orientation.

Sectors include:

1. Agriculture

Contact:
Vincent Akpotaire
Ag Director
Facilities & Agric Resources Dept
Bureau of Public Enterprises
email: vakpotaire@bpeng.org

2. Communications

Contact:
Alwell Ibeh
Director
Information & Communications Dept
Bureau of Public Enterprises
email: aibeh@bpeng.org

3. Electric Power

Contact:
Ibrahim Babagana
Ag Director
Electric Power Dept
Bureau of Public Enterprises
email: ibabagana@bpeng.org

4. Financial Institutions

Contact:
Uba Mohammed
Deputy Director
Bureau of Public Enterprises
email: umohammed@bpeng.org

5. Industries

Contact:
Alwell Ibeh
Director
Industrice & Services Dept
Bureau of Public Enterprises
email: aibe@bpeng.org

6. Mines

Contact:
Muhammad Dikko Abdullahi
Ag Director
Mines & Steel Development Dept
Bureau of Public Enterprises
email: mabdullahi@bpeng.org

7. Oil and Gas

Contact:
Ibrahim Kashim
Director, Oil & Gas Dept
Bureau of Public Enterprises
email: ikashim@bpeng.org

8. Transport

Contact:
Reuben Omotowa
Director
Tranport Dept
Bureau of Public Enterprises
email: romotowa@bpeng.org

9. Tourism

Contact:
Vincent Akpotaire
Ag Director
Facilities & Agric Resources Dept
Bureau of Public Enterprises
email: vakpotaire@bpeng.org

Post Privatization Monitoring (PPM):

The PPM department monitors privatised enterprises to check core investor compliance with the provisions of SPA/PAP.

Monitoring are conducted through regular visits to the privatized enterprises as well as consistent follow up through letters, telephone calls, emails etc. The department also monitors enterprises’ performances, issues & events from annual accounts, publications etc.

The 2 major components of monitoring are:

1. Contract monitoring, and
2. Impact monitoring / performance evaluation

Contract Monitoring involves the enforcement of compliance with legally binding terms and conditions of sale as stipulated in the Sale – Purchase Agreement (SPA)/other agreements such as concessions, leases, management contract etc.; and

Impact Monitoring entails a study of the privatised enterprises performance to determine their contribution to the economic growth and development of Nigeria.

Program Source(s)http://www.bpeng.org/bureau/Pages/default.aspx
Program Sector(s)No Specific Sector
Overall Program Contact(s)Bureau of Public Enterprises, The Presidency
Email:
Phone: +234 (0)9 4604400-10
Program Project(s)n.a.
Program Documents Privatization Procedures Manual.pdf
Program Web Siteshttp://www.bpeng.org/bureau/Pages/PrivatisationProcess.aspx
http://www.bpeng.org/Adverts/Pages/default.aspx
http://www.bpeng.org/bureau/Pages/default.aspx
Entered On09/30/2008 at 11:47 AM
Updated On04/23/2013 at 08:11 AM