Business Hilights
Tracking Nigeria's Headline Business News Online

FG’s desire to reverse comatose state of Nigerdock prompts BPE to action—Okoh

Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh weekend gave more insight as to why the Commission was poised to change the sad story of failure at the Nigerdock Nigeria Plc.

In his remarks while receiving a report of the BPE/Nigerdock Joint Committee on the resolution of outstanding issues in the company in Abuja, Okoh said the Bureau is committed to the full realization of the potentials of the integrated engineering and Fabrication Company.

Business Hilights gathered that the company had been experiencing skeletal operations in the last couple of years which forced BPE to action.

Trouble started when the firm capable of employing about 6,000 Nigerians was found to have reduced its workforce down to500 employees thus; negating the core essence of privatization.

It would be recalled that BPE had privatized the company to boost Nigerian local content policy and grow activities in maritime fabrication.

However, the DG was hopeful that needed repositioning frame work would be put in place to ensure that the company is patronized locally since it has the capability to deliver on its mandate.

In a statement released, by BPE’s Head, Public Communications, Chukwuma Nwokoh, the DG disclosed that “We shall look closely at all the issues militating against the smooth operation of Nigerdock. Patronage should not be denied the company because it has the capability to deliver. We should do everything possible to ensure that the company assumes its pride of place”.

In his concluding remarks, Okoh averred that the submitted report would be carefully studied and its recommendations escalated to the appropriate authorities for action.

Responding on behalf of the Nigerdock Board, a director, General IBM Haruna (rtd) pledged the commitment of the Board to collaborate with the Bureau to ensure that the company survives and realizes its potentials.