The Federal Government has reaffirmed its commitment to repositioning public enterprises as primary engines of productivity and value creation to achieve President Bola Ahmed Tinubu’s vision of a $1 trillion economy.
​Speaking at the 2025 Financial Correspondents Association of Nigeria (FICAN) Annual General Meeting, the Director-General of the Bureau of Public Enterprises (BPE), Ayodeji Gbeleyi represented by Director of Industries and Services, Toibudeen Oduniyi, the BPE boss stated that Nigeria is currently undergoing one of the most transformative economic periods in its history.
​Resolving Legacy Issues
​A central pillar of the current strategy involves clearing historical hurdles that have previously deterred investors. Gbeleyi noted that the BPE is working closely with the Office of the Attorney General of the Federation to resolve long-standing litigation and arbitration matters.
​”We are focused on resolving legacy conflicts that have historically outstripped asset performance and investor confidence,” Gbeleyi said. He emphasized that the adoption of alternative dispute resolution mechanisms is already yielding financial and relational benefits, providing the policy stability required to attract global capital.
​A Pipeline for Growth
​To bridge the nation’s infrastructure gap, the BPE is developing a robust pipeline of Public-Private Partnership (PPP) projects across several critical sectors, including:
- ​Energy and Transport
- ​Agriculture and Housing
- ​ICT and Environmental Services
​The Director-General highlighted that the $1 trillion goal demands a combination of fiscal discipline, institutional strengthening, and a vibrant private sector. He noted that the BPE’s approach remains rooted in the Public Enterprises (Privatization and Commercialization) Act of 1999, which has historically birthed key agencies such as the NCC, PenCom, and the EFCC.
​Navigating Economic Headwinds
​Acknowledging the current economic climate, the BPE representative admitted that inflationary pressures and global disruptions have tested the nation’s resilience. However, he maintained that the federal government has taken decisive steps to stabilize the macroeconomy and pivot toward sustainable growth.
​”The journey towards a U.S. $1 trillion economy could not have been more timely,” he remarked, praising the media—specifically FICAN—for its role in shaping public discourse and “selling the message of reform” to the Nigerian public through objective and analytical reporting.
​Commitment to Transparency
​The BPE concluded by urging financial journalists to maintain their role as watchdogs of the reform process. The Bureau pledged to ensure that all future privatization and commercialization initiatives remain transparent, accountable, and aligned with national priorities under the “Renewed Hope” agenda.
