Address Uncertainties in Infrastructural Concession, BPE Boss Tells FG

• Address Uncertainties in Infrastructural Concession, BPE Boss Tells FG

Director General of the Bureau of Public Enterprises has urged the Federal Government to sort out ambiguities related to the concession of infrastructure.

Okoh said this at a ceremony to commemorate the 30th anniversary of reform, commercialisation and privatisation in Nigeria, according to a statement made available to our correspondent in Abuja on Thursday by Head of Public Communications at BPE, Amina Tukur.

There had been a fight for turf on the privatisation and concession spaces among government agencies, especially between BPE and the Infrastructure Concession Regulatory Commission.

The BPE helmsman regretted that despite the development of a Public Private Partnership policy in 2009, the establishment of ICRC and the creation of PPP units in nearly all Ministries, Departments and Agencies, the PPP governance framework as currently structured was convoluted and a disincentive to attracting reliable and big pocket private sector investors to the infrastructure market.

Okoh said that BPE had been repositioned to play a major role in coordinating and driving the process.

He said, “We are well-equipped from our track record and robust processes to provide a one-stop-shop for prospective investors under a consistent, fair, equitable and transparent process.

“However, we can only achieve this expeditiously if the present ambiguities in coordination, governance and institutional framework for infrastructure development through PPP are addressed.”