BPE seeks for law to back transactions in FG’s privatisation programme

The Bureau of Pblic Enterprises (BPE) has declared its determination to fast-track the process of getting all the sector reform bills presented to the national assembly for passage to anchor all transactions on law.

The BPE clarrified that the bills were purposely drafted to improve the way businesses are done in the country, as well to establish a process- driven society, which is the central issue in the reform initiative.

Director, Development Institutions and Natural Resources department, Bureau of Public Enterprises (BPE) Joe Chigbo Anichebe disclosed this in Abeokuta, the Ogun state during the quarterly seminar of the Association of Business Editors in Nigeria (ABEN).

Speaking on the theme: “The role of the media in Nigeria in managing privatilization programme”, Anichebe explained that the fourth estate of the realm has a vital role to play in dissemination of vital information on how best to continue to attain successes in the economic reforms and privatization programme of the federal government.

He said the bureau considers the media more as partners in its efforts at reforming the critical sectors of nigeria’s economy.

Anichebe said since nigeria entered its third phase of privatization in 1999, the bpe has concluded over 140 transactions.

He said if the lawmakers could hasten up the process of promulgating laws that will back its transactions nigeria stands to gain tremendously from the privatization process

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