Okoh said the result of the findings was submitted to the National Council on Privatisation in 2018 and to the Senate Committee on Privatisation in 2020, as this led to a meeting of the relevant stakeholders in the ailing enterprises in July 2018.
He said the terms of reference for the working groups include to conduct diagnostic study on the enterprises in order to identify their current status and conditions in terms of ownership, share structure and capacity utilisation. He said the groups would “prepare a business plan that meets the current sectoral requirements, examine the challenges in the sectors, and develop a comprehensive five-year, , turnaround programme for each of the non-performing enterprises.”
Others include to “review and advise the Federal Government on the processes and implementation the turnaround programme and determine the potential and economic viability of the sectors, among others.” Also speaking at the event, the Director, Post-Transaction Management, BPE, Toibudeen Oduniyi, urged members of the groups to contribute their expertise for the actualisation of the much-desired revitalisation of the non-performing enterprises for the economic growth of the country.All rights reserved.
Thank sir, you are doing well
How much are we owing in the Ajokuta steel project?
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