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Invest in privatisation program, BPE DG tells Nigerians in Diaspora



BPE says privitisation has freed up $3bn consumed by public enterprises annually

The Director-General of the Bureau of Public Enterprise, BPE, Mr. Alex Okoh, has encouraged Nigerians in the Diaspora to key into Federal Government’s privatization programme and invest more in the Nigerian economy.

Okoh also explained that the Bureau’s transaction process entails an all inclusive participation, ensuring tha local, international, as well as, Nigerians in the Diaspora are able to participate.

A statement by the BPE on Friday, qouted Mr Okoh as making the call during a courtesy visit by representatives of Nigerians in Diaspora Organisation, NIDO, to the Bureau.

Acknowledging the immense contributions of Nigerians living abroad to the Nigerian Economy, Okoh called for increased participation of NIDO in the various transactions being conducted by the Bureau to reform enterprises in key sectors of the economy.

Read also: NNPC makes case for oil and and gas industry legislations

The BPE DG also commended NIDO and other Nigerians living abroad for representing Nigeria positively in the global field as well as the inflow of foreign exchange from Nigerians in Diaspora.

He however recommended a more strategic pooling of Diaspora resources to enable viable investments and take advantage of decent returns in key viable sectors.

In his response, the President of NIDO Europe, Mr. Gbandi Kenneth, expressed appreciation for the opportunities provided by the BPE for increased participation in policy formulation, as well as ownership in public enterprises in the country, pledging that members of the organization would play more active roles in the privatization exercise.

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