JUST IN: Former BPE Chief Reflects On 7 Years Of Successful Implementation Of FG’s Privatization Agenda

The recent departure of Mr. Alex Okoh, the former Director-General of the Bureau of Public Enterprises (BPE), sheds light on the bureau’s extensive efforts in executing the Federal Government’s privatization agenda spanning over six years. President Bola Tinubu’s decision to remove Okoh from his position on January 8 marked the end of his tenure……..CONTINUE READING

In response to this development, Okoh took to his Facebook page to express his gratitude for the remarkable experience of serving in the government for six years and eight months. He acknowledged the dedicated and highly professional individuals at the Bureau of Public Enterprises, emphasizing their commitment to optimizing public assets and government-owned enterprises efficiently.

Expressing confidence in the outcomes of their initiatives, Okoh anticipated a favorable judgment from posterity on the various projects and reforms undertaken across key sectors of the economy. He particularly highlighted the high sense of integrity with which these endeavors were executed and expressed his elation at having served the nation without blemish, attributing the opportunity to divine providence.

During Okoh’s tenure, BPE achieved several significant milestones, including the core investor sale of a 60 percent stake in Yola Electricity Distribution Company, the core investor sale of Afam Power Plc and Afam Three Fast Power Limited, and the core investor sale of a 20 percent stake in Geregu Power Plc. Other accomplishments encompassed the concession of Warri Old Terminal Port, the core investor sale of Nigeria Security Printing and Minting Plc, asset sales of Mineral House and Makeri House, and the privatization of various power plants such as Omotosho, Oloronsogo, Ihobvor, Calabar NIPP, and Geregu NIPP, up to the financial bid opening stage. Additionally, BPE successfully oversaw the concessioning of the Zungeru Hydropower Plant, among other initiatives.

As Mr. Alex Okoh bids farewell to his role, he leaves behind a legacy of achievements in advancing the government’s privatization and economic reform objectives, with hopes for a positive evaluation of his contributions in the years to come.

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