Federal Government Ratifies BPE’s 2021 And 2022 Financial Audits; Shettima Emphasizes MDAs Cooperation

Federal Government Ratifies BPE’s 2021 And 2022 Financial Audits; Shettima Emphasizes MDAs Cooperation

Vice President Kashim Shettima has called for enhanced collaboration among ministries, departments, and agencies (MDAs) to effectively implement President Bola Tinubu’s agenda across various sectors. His remarks came during a National Council on Privatization (NCP) meeting on Wednesday, where the council approved the 2021 and 2022 audited financial reports of the Bureau of Public Enterprises (BPE)……CONTINUE READING 

The council also endorsed the BPE’s progress in executing its 2024 work plan, aimed at bolstering its operations. Additionally, it directed the BPE to engage further with relevant parties to resolve disputes regarding the sale of Sapele II (Ogorode Generation Company Ltd) and Nigerian Coal Corporation’s coal blocks.

In his address, Shettima praised the BPE’s new management for its diligence and renewed focus. He urged stakeholders to support the bureau’s objectives and emphasized the importance of completing transactions in the power sector to address ongoing issues in Nigeria’s energy industry.

Shettima commended the BPE for its oversight of the Zungeru Hydroelectric Power Plant concession and efforts to establish an Independent System Operator. He also tasked the agency with collaborating with NCP committees and the Ministry of Justice to create a comprehensive roadmap for resolving outstanding transactions.

BPE Director General Ayodeji Gbeleyi reported that the bureau generated N93.47 billion in the first half of 2024 from three transactions, accounting for 35.9% of the expected revenue for the period. He outlined the BPE’s initiatives to enhance operations, including improving concession management, boosting post-transaction management capacity, and adopting best practices for public enterprise reform.