BPE de­scribes en­ter­prise val­u­a­tion as heart of pri­va­ti­za­tion/commercialisation

Daily Trust - - BUSINESS - By Ibraheem Hamza Muham­mad

The Bureau of Public En­ter­prises (BPE), has de­scribed en­ter­prise val­u­a­tion as a con­tentious is­sue in the pri­vati­sa­tion and commercialisation pro­gramme of the Fed­eral Gov­ern­ment

The Di­rec­tor Gen­eral of the Bureau of Public En­ter­prises (BPE), Mr. Ben­jamin Ezra Dikki said pri­va­ti­za­tion and com­mer­cial­iza­tion is not a pre­cise science and is in­flu­enced by the per­spec­tives of the re­viewer.

Dikki made the speech when he re­ceived the ex­ec­u­tive mem­bers of the Es­tate Sur­vey­ors and Valuers Reg­is­tra­tion Board of Nige­ria (ESVARBON), led by its Chair­man, El­der Wil­liams O. Odudu who paid a cour­tesy call on his of­fice. He said in the light of the con­tention of en­ter­prise val­u­a­tion, the Bureau was ever will­ing to col­lab­o­rate with any or­ga­ni­za­tion that would as­sist in en­hanc­ing cred­i­bil­ity to the val­u­a­tion of public as­sets.

In a state­ment signed by BPE head of public com­mu­ni­ca­tions, Mr. Alex Okoh the DG com­mended the board for pro­duc­ing a stan­dard tem­plate to guide the pro­duc­tion of val­u­a­tion re­ports and pledged the will­ing­ness of the Bureau to col­lab­o­rate with the board. He noted that with the tem­plate put in place by the board, there would no longer be am­bi­gu­ity in val­u­a­tion of public as­sets be­fore pri­va­ti­za­tion as “all grey ar­eas have been taken cares of”.

Ear­lier, the Chair­man of ESVARBON, El­der Wil­liams O. Odudu sought the col­lab­o­ra­tion of BPE in line with De­cree No.24 of 1975 (now Cap E13 LFN 2007) charged with the re­spon­si­bil­i­ties of among oth­ers, to con­trol; and reg­u­late the prac­tice of the es­tate sur­vey­ing and val­u­a­tion pro­fes­sion in Nige­ria.

He said the board had de­vel­oped a val­u­a­tion tem­plate for re­port­ing val­u­a­tions which all reg­is­tered es­tate sur­vey­ors and valuers must com­ply with and urged the BPE to en­sure that val­u­a­tion re­ports sub­mit­ted to the bureau bears the board’s ad­he­sive stamps as soon as it be­comes op­er­a­tional.

Youths from af­fected com­mu­ni­ties protest poor han­dling of com­pen­sa­tions at the Zungeru 700mw Hy­dro­elec­tric Dam pro­ject site in Niger State in 2014. PHOTO: File Copy

Newspapers in English

Newspapers from Nigeria

© PressReader. All rights reserved.