Privatisation Creates Employment Opportunities For Nigerians – BPE

Traders displaying snails for sale at Oyingbo Market in Lagos. This is the holy week, two days before the Good Friday, when some christians eat snail instead of meat, to mark the crucifixion of Jesus Christ. Photo: NAN

The Bureau of Public Enterprises (BPE) has disclosed that the reform and privatisation programme of the Federal Government had created thousands of employment opportunities for Nigerians.
Speaking to newsmen in Abuja on Monday, the BPE Director-General, Mr Benjamin Dikki, said that reforms in the various sectors of the economy have generated employment opportunities.
Dikki said most of the privatised companies like WAPCO, OANDO and the banking sector have, through local and international expansion, created millions of jobs for Nigerians, stressing that privatisation creates jobs.
He said that in the last 16 years, the defunct Power Holding Company of Nigeria (PHCN) could not employ engineers, whereas the new distribution and generation companies have employed 2,022 engineers within a space of one year.
The BPE boss said the privatisation programme under the transformation agenda of President Jonathan has also started to yield results as five to six automotive companies including NISSAN, Volkswagen and Hyundai had returned to the country as a result of the investment friendly industrial revolution policy of the Federal Government.
He further disclosed that President Jonathan had directed and insisted that every worker of the defunct PHCN must receive every kobo of his or her entitlements.
Dikki said that to achieve this, all the proceeds from the sale of unbundled companies of the defunct state monopoly were expended in the settlement of workers entitlements across the country.