‘The country has only recently emerged from a recession following the hugely disruptive impact of the COVID-19 pandemic. However, the resultant constraints in Nigeria’s fiscal space are still very much evident. Our debt stock is rising. On the other hand, our revenue is declining. This trend becomes all the more worrisome when considered against certain key economic indices.
Notwithstanding this gloomy reality there is still the possibility of emerging from this dark tunnel and into the light of economic prosperity by seeking to put in place a credible and robust mechanism to reset and reform the economy especially through a robust Asset optimisation and Public Private Partnerships framework to attract private capital especially into infrastructure development, thereby stimulating economic growth.’
Director General of the Bureau of Public Enterprises (BPE) Mr. Alex A. Okoh’s remarks at the public hearing by the House of Representatives committee on Privatisation and Commercialisation on a bill to repeal the Public Enterprises (Privatisation and Commercialisation) Act on Monday, October 25, 2021.