Alex Okoh’s Remarkable Tenure at Bureau of Public Enterprise (BPE)

Alex Okoh’s Remarkable Tenure at Bureau of Public Enterprise (BPE)

By THECONSCIENCEng 

In the bustling capital city of Nigeria, the Bureau of Public Enterprises (BPE) found a visionary leader in Alex Okoh. Appointed as the Director General (DG) in April 2017, Okoh’s tenure marked the beginning of a transformative era for the organisation and, by extension, the nation’s economic landscape.

With a commitment to transparency, efficiency, accountability, and result orientation, Okoh revitalized the BPE and fostered a dynamic business environment that attracted both local and international investors.

Restructuring the Bureau was one of Okoh’s primary goals. He embarked on a mission to rediscover the BPE’s purpose, redefine its core values, and invest in human capital development and staff welfare.

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Introducing the Balanced Score Card for performance management and strengthening multilateral partnerships became essential steps in the organization’s journey towards repositioning itself.

Additionally, Okoh focused on robust post-transaction management, generating new transactions, and reinvigorating sector reforms. Stakeholder engagement and reinventing the BPE’s public image were also key areas of emphasis, accompanied by the implementation of a robust IT strategy.

Okoh’s tenure witnessed a significant shift towards prioritizing public-private partnerships (PPPs). By improving staff welfare, enhancing the BPE Act, optimizing FGN assets, and initiating the BPE Transformation Project, Okoh placed the Bureau at the forefront of PPPs in Nigeria. His strategic stakeholder engagement efforts further solidified the success of these partnerships.

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During his tenure, Okoh received prestigious awards for his outstanding performance, including the Public Administrator of the Year 2022 from Pink Awards International and the Public Sector CEO of the Year 2021 from the Independent Newspaper. These accolades were a testament to the positive impact he had on the BPE and Nigeria’s economic landscape.

One of Okoh’s notable accomplishments was the successful execution of a comprehensive privatization sstrategy. Under his leadership, several state-owned enterprises were strategically divested, injecting new life into the private sector and creating a competitive market. These transactions not only attracted investments but also generated substantial revenue for the government.

Some of the flagship transactions included the core investor sale of Yola Electricity Distribution Company, Afam Power Plc and Afam Three Fast Power Limited, Geregu Power Plc, Nigeria Security Printing and Minting Plc, and the concession of Warri Old Terminal Port.

Okoh’s commitment to promoting corporate governance and integrity was evident through the implementation of robust anti-corruption systems within the BPE.

His unwavering dedication to accountability earned the trust of both local and international stakeholders, thus boosting investor confidence in Nigeria’s business environment.

Under Alex his transformative leadership, the Bureau of Public Enterprises became a beacon of progressive economic policies and practices.

His legacy will leave an indelible mark on the nation’s economic landscape, setting the stage for sustained growth and development.