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Nigerian National Privatization Program Bureau of Public Enterprises Federal Republic of Nigeria Jun

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Ensures the update of accounts of all commercialised enterprises for financial ... NAL Merchant Bank, Plc. International Merchant Bank, Plc (IMB) UNIPETROL, Plc ... – PowerPoint PPT presentation

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Title: Nigerian National Privatization Program Bureau of Public Enterprises Federal Republic of Nigeria Jun


1
Nigerian National Privatization ProgramBureau
of Public EnterprisesFederal Republic of
NigeriaJune, 2000-April 2003United States
Agency for International DevelopmentInternati
onal Business and Technical Consultants, Inc.
2
Bureau of Public EnterprisesFederal Republic of
Nigeria
  • About the BPE
  • Secretariat of the National Council on
    Privatisation (NCP)
  • Implements the policies and decisions of the NCP

3
Bureau of Public EnterprisesFederal Republic of
Nigeria
  • Main Functions of the BPE
  • Manages the privatisation of enterprises for the
    Federal Government of Nigeria, including the
    appointment of consultants, advisers, investment
    bankers, issuing houses/stockbrokers, solicitors,
    trustees, accountants and other professionals

4
Bureau of Public EnterprisesFederal Republic of
Nigeria
  • Main Functions of the BPE (contd)
  • Prepares approved PEs for privatisation and
    commercialisation
  • Advises on further public enterprises that may be
    privatised or commercialised
  • Advises on capital restructuring needs of the
    PEs to be privatised

5
Bureau of Public EnterprisesFederal Republic of
Nigeria
  • Main Functions of the BPE (contd)
  • Ensures the update of accounts of all
    commercialised enterprises for financial
    discipline
  • Conducts effective post transactional performance
    monitoring and evaluation to ensure success

6
Bureau of Public EnterprisesFederal Republic of
Nigeria
  • Implementation of Phase II Nigerian National
    Privatization Program
  • Phase 2a 63 Enterprises
  • Financial Services - 4 Hotel Companies - 5
  • Media Enterprises - 2 Communications. (NITEL) -
    1
  • Transport and Aviation - 4 Steel, Oil Palm,
    Sugar, etc. - 47
  • Phase 2b 26 Enterprises
  • Financial Services - 3 Hospitality Tourism - 5
  • Mining Minerals - 4 Comm. (NIPOST) 1
  • Various Others 13
  • Phase 3 Telecoms, Electricity, and more

7
Bureau of Public EnterprisesFederal Republic of
Nigeria
  • Economic Gains From Privatisation
  • More responsive market-oriented economy
  • Increased competitiveness of specific
    enterprises, sectors and economy as a whole
  • Improved company efficiency
  • Greater direct foreign domestic investment

8
Bureau of Public EnterprisesFederal Republic of
Nigeria
  • Institutional Political Gains from
    Privatisation
  • World-standard agency procurement capability
  • Substantial revenues from enterprise sales
  • Substantial budgetary subsidy savings
  • Frees government resources to be applied to
    health, education and other social services

9
Bureau of Public EnterprisesFederal Republic of
Nigeria
  • Characteristics of a Well-Functioning Procurement
    System
  • Transparent
  • Competitive
  • Economic
  • Efficient

10
Bureau of Public EnterprisesFederal Republic of
Nigeria
  • About the Project
  • Contracted through USAID
  • Coordinated with World Bank and DFID programmes
  • Core Team approach
  • Expatriate Technical Advisors

11
Bureau of Public EnterprisesFederal Republic of
Nigeria
  • Project Purpose - to assist BPE
  • Project Priority
  • development of transparent and accountable
    procurement procedures for enterprise
    privatization transactions

12
Bureau of Public EnterprisesFederal Republic of
Nigeria
  • Project Purpose - to assist BPE
  • Enterprise Privatisation Transactions
  • Labor Relations
  • Communications
  • Procurement and Management Information Systems

13
Bureau of Public EnterprisesFederal Republic of
Nigeria
  • Core Team Approach Brings
  • Essential Sustainable Skills
  • Core Team - local or dual-nationals seconded to
    BPE from industry with
  • Organizational Strength
  • Procedural Experience
  • Legal Expertise

14
Bureau of Public EnterprisesFederal Republic of
Nigeria
  • Core Team Approach Provides
  • In-House Capabilities to
  • Manage increased level of privatization
    transactions
  • Ensure procedures are strictly followed
  • Expand skills of existing and new staff
  • Support policy decisions of NCP
  • Ensure Transparency of Process

15
Bureau of Public EnterprisesFederal Republic of
Nigeria
  • Key Ingredients to Core Team Success
  • High-level Executive Branch Political Will
  • Dynamic BPE Management Direction
  • Donor Agency Support and Encouragement
  • Professional Technical Assistance/Guidance
  • Skilled and Motivated Core Team Members
  • Receptive and Participative Bureau Workforce

16
Bureau of Public EnterprisesFederal Republic of
Nigeria
  • Services Provided to Assist BPE
  • Document current policies, procedures, and
    processes and identify additional requirements
  • Review and assess policies, procedures, and
    processes for compliance with Government and
    World Bank guidelines
  • Assist development of plan to strengthen
    procedures and processes, especially IT/MIS
    systems applications
  • Supervise development of procedures and processes
    documentation

17
Bureau of Public EnterprisesFederal Republic of
Nigeria
  • BPE IT/MIS Procedure and Process Strengthening
  • Identify optimal level of computerization to
    achieve desired functionality and integrity
  • Identify and quantify need for customization to
    support core and non-core BPE requirements
  • Assist development of specific MIS applications

18
Bureau of Public EnterprisesFederal Republic of
Nigeria
  • BPE Procedures and Processes Set Government
    Target for Professionalism
  • Achieve greater functionality and integrity in
    procurement processes
  • Help local consulting companies and enterprises
    meet fair bidding criteria
  • Reduce insider transactions
  • Increase number of bidders on assets

19
Bureau of Public EnterprisesFederal Republic of
Nigeria
  • BPE Previous Structure

Director General
Operations
Planning Monitoring
Council Affairs
Finance Administration
Legal Services
20
Bureau of Public EnterprisesFederal Republic of
Nigeria
  • BPE Previous Structure

Director General
Office of Director General Core Services
Infrastructure Networks
Natural Resources
Oil Gas
Industry Manufacturing
Services Sector
Transport Aviation
21
Bureau of Public EnterprisesFederal Republic of
Nigeria
  • Office of Director General Core Services
  • Internal Support Functions
  • External Relations Functions
  • Monitoring and Compliance
  • Oversight

22
Bureau of Public EnterprisesFederal Republic of
Nigeria
  • Internal Support Functions
  • Central Administration
  • Information Technology Systems
  • Finance Accounts
  • Human Resources
  • General Counsel and Council Secretariat

23
Bureau of Public EnterprisesFederal Republic of
Nigeria
  • External Relations Functions
  • Media Relations
  • Issues Management
  • Communications
  • Marketing

24
Bureau of Public EnterprisesFederal Republic of
Nigeria
  • Monitoring and Compliance
  • Program Planning
  • Program Monitoring
  • Research

25
Bureau of Public EnterprisesFederal Republic of
Nigeria
  • Oversight
  • Internal Audit Due Process
  • Anti-Corruption

26
Bureau of Public EnterprisesFederal Republic of
Nigeria
  • IBTCI Project Achievements
  • World-class sustainable procurement system
    incorporating World Bank Guidelines
  • Holistic programmatic and project approach to
    successful privatisation program
  • 460 m. in privatisation revenues over 2 ½ years
  • Increased capacity and ability of domestic
    investors in national economic assets

27
Bureau of Public EnterprisesFederal Republic of
Nigeria
  • Privatisations Accomplished
  • NAL Merchant Bank, Plc
  • International Merchant Bank, Plc (IMB)
  • UNIPETROL, Plc
  • First Securities Bank International Bank, Plc
    (FSB)
  • ASHAKACEM, Plc.
  • WEST AFRICAN PORTLAND CEMENT, Plc (WAPCO)
  • CEMENT COMPANY OF NORTHERN NIGERIA, Plc (CCNN)
  • African Petroleum, Plc (AP)
  • National Oil And Chemical Marketing Plc
  • Benue Cement Company Plc (BCC)
  • Nigercem Plc
  • Assurance Bank of Nigeria (ABN)
  • Afribank PLC

28
Bureau of Public EnterprisesFederal Republic of
Nigeria
  • Privatization Support Project Example of going
    forward
  • IDA Credit-supported
  • 1) National public awareness program
  • 2) Lagos State Water Corporation
  • 3) Future additional activities

29
Bureau of Public EnterprisesFederal Republic of
Nigeria
  • National Public Awareness Campaign Objectives
  • Generate awareness and support for privatization
    program
  • Improve privatization program transparency and
    increase public trust by providing extensive
    information
  • Attract potential domestic and foreign investors
  • Strengthen sustainable regional communication
    team
  • Shape public attitudes about privatization
    through accountability

30
Bureau of Public EnterprisesFederal Republic of
Nigeria
NATIONAL COORDINATING COMMUNICATION CONSULTANT,
ZONAL COMMUNICATION CONSULTANTS AND
ZCC-APPOINTED STATE REPRESENTATIVES
Corporate and Financial National Coordinating
Communication Consultant
Bureau of Public Enterprises Public Affairs Unit
ZCC South West 6 State Representatives
ZCC North West 7 State Representatives
ZCC South East 5 State Representatives
ZCC North East 6 State Representatives
Quarterly Zonal Workshops
ZCC South-South 7 State Representatives
ZCC North Central 6 State Representatives
31
Bureau of Public EnterprisesFederal Republic of
Nigeria
  • Lagos State Water Corporation Privatization
  • Assist BPE and NPC by
  • Review of preparation work to date
  • Formulation of ownership structure and scope of
    LSWC concession, activities, responsibilities
  • Conducting re-marketing and financial analysis
  • Structuring transaction and prepare contract
  • Managing bidding and transaction close-out
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