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Why Buhari reappointed Alex Okoh, BPE boss for another 4 years

Concerned by the need to deliver on record time, ongoing planned concessioning of several moribund national assets, President Muhammadu Buhari has re-appointed Alex Okoh as the Director-General of Nigeria’s Bureau of Public Enterprises for a second four-year term.

Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande, disclosed this in a statement which revealed that the renewal will take effect from April 10.

“President Muhammadu Buhari has approved the renewal of the appointment of Mr Alexander Ayoola Okoh as the Director-General, Bureau of Public Enterprises for a second term of four years in accordance with the provision of Section 17 (1)(a) and (2)(a) of the Public Enterprise (Privatisation and Commercialisation) Act, 1999,” the statement read.

The BPE is the Federal Government agency charged with economic reforms especially the privatisation and commercialisation of government-owned enterprises in the country.

The BPE also serves as the secretariat of the National Council on Privatisation.

“In the last four years, BPE has witnessed a notable invigoration in its activities,” the statement revealed

Business Hilights recalls that some of the national assets pencilled down for concessioning include the Lagos International Trade Fair complex, TBS in Lagos, Calabar and Kano Special Economic Zones and others.

The Federal Government had earlier in the year said it is targeting about N2tn from the sales to drive the 2021 national budget.