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Transforming Visions Into Reality: The Remarkable Tenure Of Alex Okoh At BPE

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In the bustling capital city of Nigeria, the Bureau of Public Enterprises (BPE) found a visionary leader in Alex A. Okoh. His appointment as the Director General (DG) marked the beginning of a transformative era for the organization and, by extension, the nation’s economic landscape. Prior to his appointment as DG, BPE in April 2017, Alex, an alumnus of Harvard Business School, was an astute investment banker and Finance expert who at different times was the Managing Partner, Ashford & McGuire Consulting Ltd. and Managing Director/CEO of NNB International Bank.

From the onset, Alex demonstrated a commitment to transparency, efficiency, accountability and result orientation. He embarked on a mission to revitalize the BPE, with a vision of fostering a dynamic business environment that would attract both local and international investors. This led to his restructuring the Bureau:

  • Rediscovery
  • Redefined core values
  • Human Capital Development
  • Staff welfare
  • Performance management (introduction of the Balanced Score Card)
  • Internal Collaboration
  • Strengthening Multilateral partnerships
  • Repositioning
  • Robust post transaction management
  • Reclaim mandate
  • Generate new transactions
  • Reinvigorate sector reforms
  • Stakeholder engagement
  • Reinvent public image
  • Robust IT strategy
  • A New Bureau
  • Focus on Public Private Partnerships
  • Improve staff welfare
  • The BPA Act
  • FGN Asset Optimisation
  • BPE Transformation Project
  • Organisation Restructuring (2022)
  • Strategic stakeholder engagement

AWARDS

Owing to his outstanding performance during his tenure, he was the first DG in the history of BPE to be re-appointed for a second tenure, in addition to that, he received the following prestigious awards:

  1. Public Administrator of the Year 2022 – Pink Awards International
  2. Public Sector CEO of the year 2021 – Independent Newspaper

One of Okoh’s notable accomplishments was the successful execution of a comprehensive privatization strategy. Under his leadership, several state-owned enterprises were strategically divested, injecting new life into the private sector and creating a competitive market. This move not only attracted investments but also generated substantial revenue for the government. Some of the flagship transactions include:

  • Core investor sale of 60% shares of Yola Electricity Distribution Company
  • Core investor sale of Afam Power Plc and Afam Three Fast Power Limited
  • Core investor sale of 20% shares of Geregu Power Plc
  • Concession of Warri Old Terminal Port
  • Core investor sale of Nigeria Security Printing and Minting Plc
  • Asset sale of Mineral House
  • Asset sale of Makeri house

Oversaw the successful closure of share sale and asset transfer of the Aba Ring Fenced Area to Geometric, Aba Power Limited from Interstate Electric

Oversaw the origination of the Presidential Power Initiative (also known as the Siemens Deal), culminating in the operationalization of FGN Power Company Limited

Member of the Presidential Working Group on Power Chaired by the Vice President of Nigeria, saddled with the responsibility of executing the Power Sector Recovery Program and reforming the Nigeria Electricity Supply Industry

  • Privatisation of Omotosho Power Plant (up to financial bid opening)
  • Privatisation of Oloronsogo Power Plant (up to financial bid opening)
  • Privatisation of Ihobvor Power Plant (up to financial bid opening)
  • Privatisation of Calabar NIPP Power Plant (up to financial bid opening)
  • Privatisation of Geregu NIPP Power Plant (up to financial bid opening)
  • Concession of Zungeru Hydropower Plant

Alex Okoh’s tenure was marked by a series of groundbreaking initiatives to promote public-private partnerships (PPPs) in Nigeria. He facilitated strategic collaborations between the public and private sectors as well as with Development Finance Institutions, leading to the creation of a portfolio of critical infrastructure projects across the country to be procured via PPP. These partnerships will not only address infrastructural deficits but will also create employment opportunities and spur economic growth.

In his efforts to promote corporate governance and integrity, Okoh implemented robust systems to curb corruption within the bureau. His commitment to accountability earned the trust of both local and international stakeholders, boosting investor confidence in Nigeria’s business environment.

Under Alex Okoh’s leadership, the Bureau of Public Enterprises evolved into a beacon of progressive economic policies and practices. His legacy, will leave an indelible mark on the nation’s economic landscape and setting the stage for sustained growth and development.

BIG STORY

NDLEA Seizes Lipsticks Stuffed With Drugs At Lagos Airport [VIDEO]

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Officials of the National Drug Law Enforcement Agency have uncovered another batch of female lipsticks containing illegal drugs at the Murtala Muhammed International Airport in Lagos.

Femi Babafemi, the agency’s Director of Media and Advocacy, revealed this in a post shared on his X (formerly Twitter) page on Sunday.

He also urged Nigerians, particularly women, to be extremely vigilant when purchasing or accepting beauty products, especially from unfamiliar sellers or dubious online platforms.

The statement read, Ladies beware! It does appear like female lipstick is becoming attractive as an instrument for concealment and trafficking now with yet another consignment of factory fitted female lipsticks stuffed with illicit substances intercepted at MMIA barely a week after @ndlea_nigeria officers uncovered a similar cargo at a courier company in Lagos.

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BIG STORY

JUST IN: Former President Buhari Dies In London Clinic

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Former Nigerian leader, Muhammadu Buhari, passed away on Sunday.

His longtime media aide, Garba Shehu, confirmed the news in a brief statement issued on Sunday afternoon, stating that the former president died at a clinic in London.

Shehu’s message, distributed to the media, read:
“INNA LILLAHI WA INNA ILAIHIRRAJIUUN. The family of the former president has announced the passing on of the former president, Muhammadu Buhari, GCFR, this afternoon in a clinic in London. May Allah accept him in Aljannatul Firdaus, Amin.”

The statement concluded with the date: July 13, 2025.

Although the cause of death was not disclosed, Buhari, who held office from 2015 to 2023, had frequently sought medical care in the United Kingdom during and after his time as president.

Buhari, a retired Major General in the Nigerian Army, first led Nigeria as a military head of state from 1983 to 1985. Decades later, he was elected president through a democratic process. He made history as the first opposition candidate to unseat a sitting president in Nigeria.

Funeral plans have not yet been made public.

 

More to come…

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BIG STORY

No Effective Governance Without Full Local Government Autonomy — Femi Gbajabiamila

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The Chief of Staff to President Bola Tinubu, Femi Gbajabiamila, has stated that governance at the local government level cannot be effective without complete autonomy.

He made the remark while addressing journalists after voting in the Lagos State local government elections in Surulere on Saturday.

When asked about the progress of implementing the LG autonomy ruling by the Supreme Court one year after it was delivered, Gbajabiamila described the process as ongoing and said it would be completed with time.

Gbajabiamila said, “The ruling was welcome by everybody. It’s the execution of that ruling and the implementation of that ruling that we are still trying to dot the Is and cross the Ts.

“I believe in a matter of time, we will realise full autonomy. There cannot be effective governance without full autonomy. That’s what we are working toward.”

In July 2024, the Supreme Court granted autonomy to all 774 local government areas across the country following a case filed by the federal government through the Minister of Justice and Attorney General of the Federation. However, the ruling is yet to be fully implemented.

Following the judgement, the Senate urged state and local governments to immediately adhere to the court’s directive, especially regarding local government accounts and direct fund disbursements.

The Senate also moved to amend relevant sections of the Constitution to ensure full local government autonomy nationwide.

The announcement was made by Deputy Senate President Senator Jibrin Barau, after lawmakers emerged from a closed-door session where they discussed alleged efforts by some state governments to bypass the Supreme Court’s ruling on July 11.

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