{"id":3684,"date":"2022-09-05T14:47:48","date_gmt":"2022-09-05T14:47:48","guid":{"rendered":"https:\/\/www.bpe.gov.ng\/?p=3684"},"modified":"2025-09-08T01:38:41","modified_gmt":"2025-09-08T01:38:41","slug":"fg-inaugurates-twags-to-resuscitate-ailing-enterprises","status":"publish","type":"post","link":"https:\/\/bpe.gov.ng\/staging\/fg-inaugurates-twags-to-resuscitate-ailing-enterprises\/","title":{"rendered":"FG Inaugurates TWAGs To Resuscitate Ailing Enterprises"},"content":{"rendered":"

The Federal Government has inaugurated four Technical Working (TWGs) Groups to review and implement a strategic roadmap for the resuscitation of ailing enterprises in the country. They are for the Automobile, Housing (Bricks and Clay), Mines and Steel as well as Oil Palm sectors.<\/p>\n

Inaugurating the TWGs on behalf of the Federal Government in Abuja on Friday, September 2, 2022, Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh said the initiative is in consonance with the ease of doing business in Nigeria and in line with the Federal Government\u2019s \u00a0\u00a0Economic Recovery and Growth (ERGP).<\/p>\n

Okoh who was represented by the Director, Agriculture and Natural Resources at the Bureau, Mr. Ignatius O. Ayewoh noted that the event is a culmination of the efforts by various stakeholders which started in 2018 to revive non-performing privatised Enterprises in the country.<\/p>\n

He said that BPE in discharging its supervisory duties on privatised enterprises through the instrumentality of result-based monitoring and evaluation (RBME) discovered that, about 16% of the privatised companies were non -performing hence the result of the finding was submitted to the National Council on Privatisation (NCP) in 2018 and to the Senate Committee on Privatisation in 2020, leading to a \u00a0meeting of the relevant stakeholders in the ailing enterprises held in July, 2018.<\/p>\n

\u00a0<\/strong>The Terms of Reference (TORs) for the Working Groups are:<\/p>\n

    \n
  1. Conduct a diagnostic study on the Enterprises in order to identify their current status (operational and financial positions) and conditions in terms of ownership, share structure and capacity utilisation;<\/li>\n
  2. Prepare a Business Plan that meets the current sectoral requirements,<\/li>\n
  3. Examine the challenges in the sectors,<\/li>\n
  4. Develop a comprehensive 5-year, (2023 \u2013 2027), Turnaround Program for each of the non-performing enterprises,<\/li>\n
  5. Review and advise the Federal Government on the processes and implementation Turnaround Program,<\/li>\n
  6. Determine the potential and economic viability of the sectors. Among others.<\/li>\n<\/ol>\n

    Also speaking at the event, Director, Post-Transaction Management at the BPE, Mr. Toibudeen Oduniyi, \u00a0urged the members to \u00a0contribute their wealth of experience \u00a0and expertise for \u00a0the actualisation of the much-desired revitalisation of the non-performing Enterprises for \u00a0the economic growth of the country<\/p>\n

    The representatives of the various committees thanked the Bureau for selecting them to work on the committees and promised to work for the betterment of the nation\u2019s economy.<\/p>\n

    \u00a0<\/strong><\/p>\n

    Ibeh, Uzoma Chidi<\/strong><\/p>\n

    Head, Public Communications<\/em><\/p>\n

    September 4, 2022.<\/p>\n

     <\/p>\n","protected":false},"excerpt":{"rendered":"

    The Federal Government has inaugurated four Technical Working (TWGs) Groups to review and implement a strategic roadmap for the resuscitation of ailing enterprises in the country. They are for the Automobile, Housing (Bricks and Clay), Mines and Steel as well…<\/p>\n","protected":false},"author":1,"featured_media":15288,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-3684","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nFG Inaugurates TWAGs To Resuscitate Ailing Enterprises - Bureau of Public Enterprise<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bpe.gov.ng\/staging\/fg-inaugurates-twags-to-resuscitate-ailing-enterprises\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FG Inaugurates TWAGs To Resuscitate Ailing Enterprises\" \/>\n<meta property=\"og:description\" content=\"The Federal Government has inaugurated four Technical Working (TWGs) Groups to review and implement a strategic roadmap for the resuscitation of ailing enterprises in the country. 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