The Director-General, Bureau of Public Enterprises (BPE), Mr Alex Okoh has disclosed that about N550 billion was realised from the sale of some of Federal Government’s 142 assets that had been privatised or commercialised.
Okoh stated this on Thursday in Abuja at a news conference on the organisation’s work plan and other initiatives for 2018, according to NAN.
He added that Nigeria made 7.8 billion dollars as Foreign Direct Investments (FDIs) from privatisation and commercialisation of 53 enterprises in the past 18 years.
According to him, about 37 per cent of the enterprises that have been privatised or commercialised are not doing extremely well due to macro-economic issues, fiscal problems and other issues.
He said discordant policies fundamentally affect industries, adding that access to capital, especially debt to drive the working operations on a daily basis are priced out of the profitability framework of the enterprises.