Detailed asset optimisation and power sector restructuring programme, which is projected to deliver N189.1 billion into the Federation account in the current year has been unveiled by the Bureau of Public Enterprises (BPE).

The Bureau said it was part of broader efforts to realise President Bola Tinubu’s ambition to reach $1 trillion in Gross Domestic Product (GDP) by 2030.

The Director-General of the bureau, Ayodeji Gbeleyi, stated this yesterday in Abuja at the Annual General Meeting of the Finance Correspondents Association of Nigeria (FICAN).

He stated that the target would necessitate structural reform, disciplined asset management, private capital mobilisation, and institutional strengthening rather than mere incremental policy adjustments.

He noted that Nigeria was now navigating one of its most consequential reform cycles in decades, amid currency realignments, inflationary pressures, and global economic uncertainties.

He stated that the Bureau was repositioning public enterprises from fiscal burdens to engines of productivity and value creation.

Gbeleyi also disclosed that BPE contributed approximately N185 billion to the Federation account in 2025, highlighting the role of asset transactions in alleviating fiscal pressures and supporting macroeconomic stability.

Speaking on power reforms, he stated that central to the reform thrust was the recalibration of the Nigerian Electricity Supply Industry (NESI), long considered a binding constraint to industrial competitiveness.

He disclosed that the Bureau had strengthened engagement with key sector institutions, including the Nigerian Electricity Regulatory Commission (NERC), the Transmission Company of Nigeria (TCN), Nigerian Bulk Electricity Trading Plc (NBET), and the recently operational Nigerian Independent System Operator (NISO), to enhance regulatory clarity and market discipline.