FG to privatise 42 agencies this year – BPE

About 42 government agencies and companies will be privatised this year, the Bureau of Public Enterprises (BPE) has said. 

The BPE in a statement Friday said the proposed transactions had all been approved by the National Council on Privatisation (NCP), which is chaired by Vice President Yemi Osinbajo. 

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“The transactions are 11 in the energy sector, 10 in the industries and services sector, eight in the agriculture and natural services sector, and 13 in the Infrastructure and Public Private Partnership (IPPP) sector,” the statement said. 

Rising from its first meeting for the year at the Presidential Villa in Abuja after its inauguration last week, BPE said the council also approved 2022 Revenue and Expenditure of the Bureau including the 2022 Workplan risks and mitigation plans.   

The workplan provides the framework for tracking the implementation and realisation of the approved projects contained therein. It is a compendium of the various projects and reform initiatives that the BPE intends to carry out in 2022.

Meanwhile, the Senate Committee on Public Accounts, chaired by Senator Mathew Urhoghide, has described as spurious allegations of financial impropriety against the Bureau of Public Enterprises (BPE) by the office of the Auditor General of the Federation (OAuGF).

The committee which cleared the bureau of the allegations when the director general of the agency, Alex A. Okoh, appeared before the committee, said the OAuGF did not reconcile its records before going public to accuse BPE of a financial misdemeanor.

Recall that the OAuGF had accused the Bureau of some financial infractions; especially the non-remittance of revenue on ports concessions in the sum of $679,403,172.00.