BPE wants to work with NLC on the privatisation process

Apr 25, 2024 | Politics | 0 comments

The Bureau of Public Enterprises (BPE), led by its Acting Director General, Ignatius O. Ayewoh, recently visited the President of the Nigeria Labour Congress (NLC), Joe Ajero, to seek collaboration in the Federal Government’s ongoing reform and privatization program.

During the meeting, Mr. Ayewoh stressed the importance of partnering with labor unions to safeguard the welfare of workers during and after government agency reforms. He expressed appreciation to Mr. Ajero and the Union for their past support. He urged continued collaboration, especially as a member of the Technical Committee (TC) of the National Council on Privatization (NCP).

Highlighting BPE’s successes in various sectors such as telecoms, banking, Eleme petrochemical, and port terminal concessions, Mr. Ayewoh outlined the Bureau’s current focus on implementing Public-Private Partnerships (PPP) and concessioning in its transactions.

Moreover, Mr. Ayewoh informed Mr. Ajero about BPE’s collaboration with the Accountant General’s Office to ensure the payment of outstanding severance liabilities arising from the 2013 privatization of the power sector, as per agreements with labour unions.

In response, Mr. Ajero thanked the Acting DG for the visit and assured the NLC’s collaboration with the Bureau in its reform endeavors.

It’s worth noting that in 2023, BPE, along with sister agencies, conducted a verification exercise for the payment of agreed 16-month severance benefits to former staff of the defunct Power Holding Company of Nigeria (PHCN), including certified Next-of-Kin (NOK) of deceased ex-staff. This exercise spanned 12 designated centres across the country over four phases.

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