- The newly appointed Director-General of the Bureau, Mr. Ayodeji Gbeleyi, has stated that the Bureau of Public Enterprises (BPE) will sell the National Integrated Power Projects (NIPPs).
- NIPPs’ privatization had been opposed by state governors and some interests in Northern Nigeria.
The newly appointed Director-General of the Bureau of Public Enterprises (BPE), Mr. Ayodeji Gbeleyi, has stated that the bureau will sell the National Integrated Power Projects (NIPPs) to provide the public with a much-needed power supply.
According to a statement by the Head of Public Communications, Mrs. Amina Tukur Othman, in Abuja on July 1, 2024, he made this disclosure at his maiden meeting with the staff.
Moreover, the National Integrated Power Project (NIPP) requires combining all the ingredients that make up power into one single entity (Value chain). Whether it is fuel, gas, water, or biomass, the power turbines themselves, the transmission, infrastructure, or distribution infrastructure, it is all together in one ambit and is being funded by the three tiers of government for the benefit of all Nigerians.
Also, the move to privatize NIPPs had been met with opposition by state governors, some interests in Northern Nigeria over the legality of the exercise, and some Northerners who claimed it would disadvantage them.
He noted that the Bureau has been entrusted with reforming the nation’s public enterprises, which must be optimised for operational efficiency and excellence. He emphasised that the ultimate goal was to improve the standard of living for every Nigerian through the diligent implementation of the Bureau’s reform activities.
According to the DG, as part of the “Renewed Hope” agenda of President Bola Ahmed Tinubu’s administration, his appointment as the DG of the Bureau has entrusted him with the critical mandate of strengthening the BPE as the national resource centre for capacity building and the sustenance of reforms.
Furthermore, he said, “This includes promoting a competitive private sector-driven economy, ensuring social accountability, efficiently deploying public resources, and advancing effective corporate governance through discipline, which aligns with the Bureau’s mission.”