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Senate committee seeks privatisation cost for BPE budget


Vice Chairman of the Committee – Senate Committee on Privatisation, Yahaya Abdullahi. Photo/Twitter/senatorabdullahiyahaya/

The Senate Committee on Privatisation has called for the review of the Bureau of Public Enterprises (BPE) budgeting structure to reflect cost of transactions.

Vice Chairman of the Committee, Yahaya Abdullahi, stated this at the BPE’s 2019 budget presentation at the National Assembly in Abuja yesterday, according to a statement by Head, Public Communications of the BPE, Mrs. Amina Tukur Othman.

Abdullahi noted that since the funds generated by the ureau yearly are remitted wholly into the Federal Government’s coffers, the government should adequately fund the agency’s activities in general and the cost of the transactions which generate the revenue in particular.

The vice chairman of the committee said that reviewing BPE’s budgeting structure to ensure that provisions for transaction costs are made in the bureau’s budget would ensure a more efficient privatisation process to reflect the President’s economic plans.

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