BPE describes enterprise valuation as heart of privatization/commercialisation
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