Dr. Christopher Anyanwu, director general, Bureau of Public Enterprises (BPE), has said that the desire to seek opportunities to improve upon best practices in the privatization programme of the federal government necessitated the hosting of the 2009 global investment conference.
Speaking at the two –day conference on “future strategies options for reforms, privatization and commercialization of public enterprises in Nigeria at Abuja, Anyanwu said, BPE has cultivated a passion for excellence, believing that there is no limit to knowledge.
He said that the body will continue to seek opportunities to improve on best practice in the country adding that the drive for excellence gave birth to the
The Director General reiterated government’s determination to attaining the best methods and practices in the commercialization and privatization of public enterprise in the country.
He also said, there are five declared objectives of the programme in Nigeria and they include restructuring and rationalizing the public sector to lessen the dominance of unproductively investment in the sector, raising funds to finance social-economic development in such areas as health education and infrastructure, ensuring positive in public sector investment in commercialized enterprises through more efficient management creating more jobs and acquiring new knowledge and technology at well as exposing the country to International competition.
He listed the methods adopted for the privatization process to include core investor sale of minority or majority state to investors or group of investors public offer of share through the stock exchange asset sale where it is though their selling components of a company is more profitable guided liquidation and concession which is a long term arrangement not involving diversities of government shares.