In a recent interaction with the media in Abuja, Mr. Alex Okoh, the Director-General of BPE, outlined the bureau’s strategy to broaden ownership of privatised entities.
Eleme Petrochemicals Plant, Nigerian Reinsurance, NICON Insurance, and Nigeria Machine Tools, Oshogbo, top the list for the upcoming stock market inclusion.
Even power distribution companies (DisCos) are slated for listing once the government resolves the 40 percent ownership in these entities.
Mr. Okoh emphasized that the original intent of partial privatisation was to list the government’s remaining 40 percent on the stock market.
This move aims to democratise ownership, allowing every investor to hold a stake and preventing concentration in the hands of a few.
Anticipate a surge in investor activity in Nigeria, as Mr. Okoh envisions 2024 as a more dynamic year for the BPE.
The present administration’s commitment is expected to attract a significant influx of investors into the country, fostering economic growth.
Assuring the public, Mr. Okoh reiterated the Bureau’s commitment to safeguarding the interests of Nigerians throughout its privatisation activities.
As BPE works towards economic advancement, the welfare of the nation remains a top priority.
