Our Mandate

The Bureau of Public Enterprises (BPE) is committed to driving impactful public sector reforms to ensure the optimal and efficient allocation of national resources. By restructuring and modernizing public institutions, BPE aims to reduce operational inefficiencies, improve service delivery, and enhance economic competitiveness. These reforms focus on streamlining government operations, eliminating redundancy, and fostering a transparent and accountable public sector that meets the needs of Nigerian citizens and investors alike.

Through targeted interventions and collaborations with key stakeholders, BPE works to:

• Enhance productivity and performance within public enterprises.
• Promote private sector participation to encourage innovation and investment.
• Align public institutions with global best practices to ensure sustainability.

These reforms are a critical step toward building a stronger economy, creating jobs, and improving the overall welfare of Nigerians.

A key part of BPE’s mandate is to prepare public enterprises for privatization and/or commercialization, ensuring they are positioned to attract potential investors and operate with efficiency in a competitive marketplace. This preparation involves a systematic and structured approach to make public enterprises viable, profitable, and appealing to the private sector.

The preparation process includes:

• Financial Restructuring: Reviewing and cleaning up the enterprise’s finances to eliminate debt and improve balance sheets.
• Operational Optimization: Enhancing processes, systems, and governance structures to boost efficiency and productivity.
• Asset Valuation: Conducting proper assessments to determine the fair market value of public enterprises.
• Legal and Regulatory Alignment: Ensuring compliance with laws and creating favorable regulatory frameworks to attract investors.
• Stakeholder Engagement: Collaborating with stakeholders, including employees, government agencies, and industry players, to ensure a smooth transition.

By implementing these steps, BPE creates the foundation for successful privatization or commercialization, fostering private-sector-led growth, attracting investments, and improving the performance of enterprises to benefit the Nigerian economy.

The Bureau of Public Enterprises (BPE) facilitates the sale of shares of public enterprises earmarked for privatization to ensure widespread ownership and economic participation. This process is conducted transparently through accredited issuing houses and in strict adherence to approved guidelines set by the government and regulatory bodies. The objectives of the share sale include:

• Broadening ownership of public enterprises by allowing Nigerian citizens, institutional investors, and other stakeholders to acquire shares.
• Enhancing capital market development by introducing new opportunities for investments.
• Mobilizing private sector funding to improve the efficiency and competitiveness of privatized enterprises.
• Reducing government ownership and fostering private sector management for improved performance and profitability.

The share sale process typically involves public offerings or private placements, ensuring that the process remains fair, equitable, and accessible to a wide range of investors. Through this mandate, BPE contributes to Nigeria’s economic transformation by promoting shared prosperity and encouraging sustainable enterprise growth.

To ensure the successful execution of privatization and sector reforms, the Bureau of Public Enterprises (BPE) engages the services of experienced consultants and professionals across various disciplines. These experts provide technical, financial, legal, and advisory support to facilitate seamless privatization processes and deliver the best outcomes for all stakeholders involved.

BPE’s consultant engagement process ensures:

• Transparency and Expertise: Consultants are selected through a transparent and competitive process, ensuring that only the most qualified and experienced professionals are engaged.
• Comprehensive Analysis: Consultants deliver in-depth technical evaluations, financial modeling, and legal frameworks essential for privatization success.
• Stakeholder Confidence: Engaging recognized professionals instills confidence in the privatization process among investors, government agencies, and the public.

By leveraging the expertise of consultants, BPE ensures that privatization processes are efficient, credible, and impactful, ultimately contributing to Nigeria’s economic growth and development.