bureau of public enterprises federal republic of nigeria
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Nigerian National Privatization Program Bureau of Public Enterprises Federal Republic of Nigeria June, 2000-April 2003 United States Agency for International Development *** International Business and Technical Consultants, Inc. Bureau of Public Enterprises Federal Republic of Nigeria. - PowerPoint PPT PresentationTRANSCRIPT
04/19/23
Nigerian National Privatization Program
Bureau of Public EnterprisesFederal Republic of Nigeria
June, 2000-April 2003
United States Agency for International Development***
International Business and Technical Consultants, Inc.
04/19/23
Bureau of Public EnterprisesFederal Republic of Nigeria
• About the BPE:
Secretariat of the National Council on Privatisation (NCP)
Implements the policies and decisions of the NCP
04/19/23
Bureau of Public EnterprisesFederal Republic of Nigeria
• Main Functions of the BPE
Manages the privatisation of enterprises for the Federal Government of Nigeria, including: the appointment of consultants, advisers, investment bankers, issuing houses/stockbrokers, solicitors, trustees, accountants and other professionals
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Bureau of Public EnterprisesFederal Republic of Nigeria
• Main Functions of the BPE (cont’d)
Prepares approved PE’s for privatisation and commercialisation
Advises on further public enterprises that may be privatised or commercialised
Advises on capital restructuring needs of the PE’s to be privatised
04/19/23
Bureau of Public EnterprisesFederal Republic of Nigeria
• Main Functions of the BPE (cont’d)
Ensures the update of accounts of all commercialised enterprises for financial discipline
Conducts effective post transactional performance monitoring and evaluation to ensure success
04/19/23
Bureau of Public EnterprisesFederal Republic of Nigeria
• Implementation of Phase II Nigerian National Privatization Program
Phase 2a – 63 Enterprises – Financial Services - 4 Hotel Companies - 5 Media Enterprises - 2 Communications. (NITEL) - 1 Transport and Aviation - 4 Steel, Oil Palm, Sugar, etc. - 47
Phase 2b – 26 Enterprises Financial Services - 3 Hospitality & Tourism - 5 Mining & Minerals - 4 Comm. (NIPOST) – 1 Various Others – 13
Phase 3 – Telecoms, Electricity, and more
04/19/23
Bureau of Public EnterprisesFederal Republic of Nigeria
• Economic Gains From Privatisation
More responsive market-oriented economy Increased competitiveness of specific
enterprises, sectors and economy as a whole
Improved company efficiencyGreater direct foreign & domestic
investment
04/19/23
Bureau of Public EnterprisesFederal Republic of Nigeria
• Institutional & Political Gains from Privatisation:
World-standard agency procurement capability
Substantial revenues from enterprise salesSubstantial budgetary subsidy savings Frees government resources to be applied
to health, education and other social services
04/19/23
Bureau of Public EnterprisesFederal Republic of Nigeria
• Characteristics of a Well-Functioning Procurement System:
TransparentCompetitiveEconomicEfficient
04/19/23
Bureau of Public EnterprisesFederal Republic of Nigeria
• About the Project:
Contracted through USAIDCoordinated with World Bank and
DFID programmes“Core Team” approachExpatriate Technical Advisors
04/19/23
Bureau of Public EnterprisesFederal Republic of Nigeria
• Project Purpose - to assist BPE
Project Priority development of transparent and
accountable procurement procedures for enterprise privatization transactions
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Bureau of Public EnterprisesFederal Republic of Nigeria
• Project Purpose - to assist BPE
Enterprise Privatisation TransactionsLabor RelationsCommunicationsProcurement and Management
Information Systems
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Bureau of Public EnterprisesFederal Republic of Nigeria
• Core Team Approach Brings Essential Sustainable Skills
Core Team - local or dual-nationals seconded to BPE from industry with:
Organizational Strength Procedural ExperienceLegal Expertise
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Bureau of Public EnterprisesFederal Republic of Nigeria
• Core Team Approach Provides In-House Capabilities to:
Manage increased level of privatization transactions
Ensure procedures are strictly followedExpand skills of existing and new staffSupport policy decisions of NCPEnsure Transparency of Process
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Bureau of Public EnterprisesFederal Republic of Nigeria
• Key Ingredients to Core Team Success:
High-level Executive Branch Political WillDynamic BPE Management DirectionDonor Agency Support and EncouragementProfessional Technical Assistance/GuidanceSkilled and Motivated Core Team MembersReceptive and Participative Bureau
Workforce
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Bureau of Public EnterprisesFederal Republic of Nigeria
• Services Provided to Assist BPE:
Document current policies, procedures, and processes and identify additional requirements
Review and assess policies, procedures, and processes for compliance with Government and World Bank guidelines
Assist development of plan to strengthen procedures and processes, especially IT/MIS systems applications
Supervise development of procedures and processes documentation
04/19/23
Bureau of Public EnterprisesFederal Republic of Nigeria
• BPE IT/MIS Procedure and Process Strengthening:
Identify optimal level of computerization to achieve desired functionality and integrity
Identify and quantify need for customization to support core and non-core BPE requirements
Assist development of specific MIS applications
04/19/23
Bureau of Public EnterprisesFederal Republic of Nigeria
• BPE Procedures and Processes Set Government Target for Professionalism:
Achieve greater functionality and integrity in procurement processes
Help local consulting companies and enterprises meet fair bidding criteria
Reduce “insider” transactions Increase number of bidders on assets
04/19/23
Bureau of Public EnterprisesFederal Republic of Nigeria
• BPE Previous Structure:
Director General
Operations Planning & Monitoring
Council Affairs
Finance & Administration
Legal Services
04/19/23
Bureau of Public EnterprisesFederal Republic of Nigeria
• BPE Previous Structure:
Director General
Industry & Manufacturing
Infrastructure & Networks
Natural Resources Oil &Gas Services
Sector
Office of Director General – Core Services
Transport & Aviation
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Bureau of Public EnterprisesFederal Republic of Nigeria
• Office of Director General – Core Services:
Internal Support FunctionsExternal Relations FunctionsMonitoring and ComplianceOversight
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Bureau of Public EnterprisesFederal Republic of Nigeria
• Internal Support Functions :
Central AdministrationInformation Technology SystemsFinance & Accounts Human ResourcesGeneral Counsel and Council
Secretariat
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Bureau of Public EnterprisesFederal Republic of Nigeria
• External Relations Functions :
Media RelationsIssues ManagementCommunicationsMarketing
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Bureau of Public EnterprisesFederal Republic of Nigeria
• Monitoring and Compliance :
Program PlanningProgram MonitoringResearch
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Bureau of Public EnterprisesFederal Republic of Nigeria
• Oversight:
Internal Audit & Due Process
Anti-Corruption
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Bureau of Public EnterprisesFederal Republic of Nigeria
• IBTCI Project Achievements:
World-class sustainable procurement system incorporating World Bank Guidelines
Holistic programmatic and project approach to successful privatisation program
$460 m. in privatisation revenues over 2 ½ years
Increased capacity and ability of domestic investors in national economic assets
04/19/23
Bureau of Public EnterprisesFederal Republic of Nigeria
• Privatisations Accomplished: NAL Merchant Bank, Plc International Merchant Bank, Plc (IMB) UNIPETROL, Plc First Securities Bank International Bank, Plc (FSB) ASHAKACEM, Plc. WEST AFRICAN PORTLAND CEMENT, Plc (WAPCO) CEMENT COMPANY OF NORTHERN NIGERIA, Plc (CCNN) African Petroleum, Plc (AP) National Oil And Chemical Marketing Plc Benue Cement Company Plc (BCC) Nigercem Plc Assurance Bank of Nigeria (ABN) Afribank PLC
04/19/23
Bureau of Public EnterprisesFederal Republic of Nigeria
• Privatization Support Project Example of going forward:
IDA Credit-supported 1) National public awareness program2) Lagos State Water Corporation3) Future additional activities
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Bureau of Public EnterprisesFederal Republic of Nigeria
• National Public Awareness Campaign Objectives
Generate awareness and support for privatization program
Improve privatization program transparency and increase public trust by providing extensive information
Attract potential domestic and foreign investors Strengthen sustainable regional communication team Shape public attitudes about privatization through
accountability
04/19/23
Bureau of Public EnterprisesFederal Republic of Nigeria
Bureau of Public EnterprisesPublic Affairs Unit
Corporate and FinancialNational Coordinating Communication
Consultant
NATIONAL COORDINATING COMMUNICATION CONSULTANT, ZONAL COMMUNICATION CONSULTANTS AND ZCC-APPOINTED STATE REPRESENTATIVES
ZCC South West + 6 State Representatives
ZCC South East + 5State Representatives
ZCC South-South + 7State Representatives
ZCC North Central + 6State Representatives
ZCC North East + 6State Representatives
ZCC North West + 7State Representatives
Quarterly Zonal Workshops
04/19/23
Bureau of Public EnterprisesFederal Republic of Nigeria
• Lagos State Water Corporation Privatization
Assist BPE and NPC by:
Review of preparation work to date Formulation of ownership structure and scope of
LSWC concession, activities, & responsibilities Conducting re-marketing and financial analysis Structuring transaction and prepare contract Managing bidding and transaction close-out