- N220.4bn privatisation proceeds to support 2019 Budget
Okoh, in a statement issued by the BPE, said Nigeria’s telecoms sector, for instance, has achieved almost 100 per cent teledensity with over 192 million connected lines, while over 146 million lines have been active as at May 31, 2015 and over 40 telecoms licensed in the country.
On pension reforms, Okoh noted that 6.2 million contributors were registered from 180,586 employers as at October 2012, while 55,904 retirees currently receive their monthly pensions as and when due with the total value of pension industry assets under the Contributory Pension Scheme now at over N9 trillion.
He said the seaports now experience faster ship turnround, faster cargo turnround and faster truck turnround times even as there is increased competition, lower port charges, lower freight rates and net financial transfers to the government (lease fees, throughput fees and taxes).
So far, over N150 billion privatisation proceeds have gone into the funding of the 2019 Budget.
Okoh further revealed that from inception to date, the Bureau has successfully completed 234 public transactions through privatisation, commercialisation and concessions with some milestones.
According to him, these are expanding private sector participation in the Nigerian economy, attracting quality foreign investors and capital, achieving a more efficient allocation of government resources by redirecting funding of public enterprises by government to other key sectors of the economy that are socially imperative, including healthcare and education.