BIG STORY

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

Published

2 years ago

January 9, 2024

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:

Public Administrator of the Year 2022 – Pink Awards International
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.

Post Views: 358

BIG STORY

Protest Rocks Lagos Over Alleged Killing Of Marwa Driver By NURTW Boss

Published

5 hours ago

September 19, 2025

PorscheClassy News

A 55-year-old transport union leader on Lagos Island, Shamsideen Oladiti, widely known as Shamelon, has been taken into custody over accusations of assault and murder.

The Lagos State Police Command confirmed his arrest in a statement on Friday, noting that Oladiti is being detained at the State Criminal Investigation Department (SCID), Panti-Yaba, where investigations into both incidents are ongoing.

Information made available indicates that on September 17, 2025, around 3 p.m., the suspect attacked a dispatch rider in Lagos Island, allegedly using his fists and a helmet to inflict serious injuries.

The rider was rushed to a hospital and is said to be receiving treatment on oxygen support.

It was gathered that Oladiti had earlier been accused in another case linked to an altercation on August 28, 2025.

In that encounter, he allegedly used a metallic ring to repeatedly strike a man on the head and face, causing severe wounds.

Despite medical attention, the man passed away on September 17, 2025, and his body has since been deposited in a mortuary for autopsy.

News of the victim’s death sparked protests at the suspect’s office in Sandgrouse Market, Lagos Island, where mourners of the deceased set two motorcycles ablaze, escalating tensions in the area.

Lagos State Commissioner of Police, CP Olohundare Jimoh, led a team of mobile policemen, tactical squads, and regular officers to the scene to restore calm.

He assured residents that the suspect remains in custody and would face charges once investigations are finalized.

The commissioner also appealed for calm, urging Lagos residents to remain peaceful and law-abiding while stressing the police command’s commitment to delivering justice.

Meanwhile, the command’s spokesperson, SP Abimbola Adebisi, clarified that the dispatch rider attacked on Wednesday is still alive, contrary to earlier reports of his death.

She said: “We have confirmed from the family that he is still alive. He is not dead, although he is currently breathing with the aid of oxygen.

“The one who died passed on September 17th. He was also beaten by Oladiti on August 28th but died on Wednesday, September 17th.”

Post Views: 56

BIG STORY

Fubara To Address Rivers People At 6pm

Published

5 hours ago

September 19, 2025

PorscheClassy News

The reinstated governor of Rivers State, Siminalayi Fubara, resumed duty at the Government House, Port Harcourt, on Friday and announced plans to address residents of the state by 6 p.m.

His return comes after the expiration of the emergency rule imposed on the state by President Bola Tinubu on March 18.

Earlier on Friday, Fubara arrived at the Port Harcourt International Airport, Omagwa, accompanied by his wife, Deputy Governor Prof. Ngozi Nma Odu, Chief of Staff Edison Ehie, and other officials.

He was warmly received by former commissioners, local government chairmen, and other political leaders who gathered to welcome him.

Upon his arrival at the Government House, the governor expressed gratitude to Rivers people for their overwhelming show of support.

He said: “I know everybody wants to hear something from me. In fact, I expected it when I landed.

“Let me first of all appreciate the wonderful people of Rivers State. I am really humbled by what I saw at the Airport.

“I was thrilled by the photographs of what happened here yesterday. That reception really humbled me.

“It shows love, confidence and solidarity. I want to say that it is not just a celebration. It is a show of the reactivation of the bond between this government and the people of Rivers State.

“I want to assure you that we will, by the grace of God, continue to give those things that made you people love us. I want to thank everybody and to say that we love you, but God loves you more.”

Post Views: 74

BIG STORY

BREAKING: Fubara Arrives Port Harcourt Airport

Published

8 hours ago

September 19, 2025

PorscheClassy News

Rivers State Governor, Siminalayi Fubara, returned to Port Harcourt on Friday, touching down at the Port Harcourt International Airport, Omagwa, just two days after President Bola Tinubu lifted the emergency rule on the state and directed his reinstatement.

The governor’s aircraft landed at exactly 11:50 a.m.

He was welcomed by a large crowd of supporters and political allies, including former Information and Communications Commissioner, Barr. Emma Okah; ex-Health Commissioner, Dr. Adaeze Oreh; former Nigerian Ambassador to the Netherlands, Oji Ngofa; ex-Environment Commissioner, Sydney Gbara; and Victor Oko-Jumbo, former factional Speaker of the state assembly.

Others at the airport included former Youth Commissioner, Chisom Gbali; ex-Physical Planning Commissioner, Evans Bipi; former NUPENG President, Igwe Achese; ex-Education Commissioner, Dr. Tamunosisi Gogo-Jaja; as well as past chairmen of Port Harcourt City and Obio/Akpor councils, Ezebunwo Ichemati and others.

More to come…

Post Views: 145