Title: Nigerian National Privatization Program Bureau of Public Enterprises Federal Republic of Nigeria June, 2000-April 2003 United States Agency for International Development *** International Business and Technical Consultants, Inc.
1Nigerian National Privatization ProgramBureau
of Public EnterprisesFederal Republic of
NigeriaJune, 2000-April 2003United States
Agency for International DevelopmentInternati
onal Business and Technical Consultants, Inc.
2Bureau of Public EnterprisesFederal Republic of
Nigeria
- About the BPE
- Secretariat of the National Council on
Privatisation (NCP) - Implements the policies and decisions of the NCP
3Bureau of Public EnterprisesFederal Republic of
Nigeria
- Main Functions of the BPE
- Manages the privatisation of enterprises for the
Federal Government of Nigeria, including the
appointment of consultants, advisers, investment
bankers, issuing houses/stockbrokers, solicitors,
trustees, accountants and other professionals
4Bureau of Public EnterprisesFederal Republic of
Nigeria
- Main Functions of the BPE (contd)
- Prepares approved PEs for privatisation and
commercialisation - Advises on further public enterprises that may be
privatised or commercialised - Advises on capital restructuring needs of the
PEs to be privatised
5Bureau of Public EnterprisesFederal Republic of
Nigeria
- Main Functions of the BPE (contd)
- Ensures the update of accounts of all
commercialised enterprises for financial
discipline - Conducts effective post transactional performance
monitoring and evaluation to ensure success
6Bureau of Public EnterprisesFederal Republic of
Nigeria
- Implementation of Phase II Nigerian National
Privatization Program - Phase 2a 63 Enterprises
- Financial Services - 4 Hotel Companies - 5
- Media Enterprises - 2 Communications. (NITEL) -
1 - Transport and Aviation - 4 Steel, Oil Palm,
Sugar, etc. - 47 - Phase 2b 26 Enterprises
- Financial Services - 3 Hospitality Tourism - 5
- Mining Minerals - 4 Comm. (NIPOST) 1
- Various Others 13
- Phase 3 Telecoms, Electricity, and more
7Bureau of Public EnterprisesFederal Republic of
Nigeria
- Economic Gains From Privatisation
- More responsive market-oriented economy
- Increased competitiveness of specific
enterprises, sectors and economy as a whole - Improved company efficiency
- Greater direct foreign domestic investment
8Bureau of Public EnterprisesFederal Republic of
Nigeria
- Institutional Political Gains from
Privatisation - World-standard agency procurement capability
- Substantial revenues from enterprise sales
- Substantial budgetary subsidy savings
- Frees government resources to be applied to
health, education and other social services
9Bureau of Public EnterprisesFederal Republic of
Nigeria
- Characteristics of a Well-Functioning Procurement
System - Transparent
- Competitive
- Economic
- Efficient
10Bureau of Public EnterprisesFederal Republic of
Nigeria
- About the Project
- Contracted through USAID
- Coordinated with World Bank and DFID programmes
- Core Team approach
- Expatriate Technical Advisors
11Bureau of Public EnterprisesFederal Republic of
Nigeria
- Project Purpose - to assist BPE
- Project Priority
- development of transparent and accountable
procurement procedures for enterprise
privatization transactions
12Bureau of Public EnterprisesFederal Republic of
Nigeria
- Project Purpose - to assist BPE
- Enterprise Privatisation Transactions
- Labor Relations
- Communications
- Procurement and Management Information Systems
13Bureau of Public EnterprisesFederal Republic of
Nigeria
- Core Team Approach Brings
- Essential Sustainable Skills
- Core Team - local or dual-nationals seconded to
BPE from industry with - Organizational Strength
- Procedural Experience
- Legal Expertise
14Bureau of Public EnterprisesFederal Republic of
Nigeria
- Core Team Approach Provides
- In-House Capabilities to
- Manage increased level of privatization
transactions - Ensure procedures are strictly followed
- Expand skills of existing and new staff
- Support policy decisions of NCP
- Ensure Transparency of Process
15Bureau of Public EnterprisesFederal Republic of
Nigeria
- Key Ingredients to Core Team Success
- High-level Executive Branch Political Will
- Dynamic BPE Management Direction
- Donor Agency Support and Encouragement
- Professional Technical Assistance/Guidance
- Skilled and Motivated Core Team Members
- Receptive and Participative Bureau Workforce
16Bureau of Public EnterprisesFederal Republic of
Nigeria
- Services Provided to Assist BPE
- Document current policies, procedures, and
processes and identify additional requirements - Review and assess policies, procedures, and
processes for compliance with Government and
World Bank guidelines - Assist development of plan to strengthen
procedures and processes, especially IT/MIS
systems applications - Supervise development of procedures and processes
documentation
17Bureau of Public EnterprisesFederal Republic of
Nigeria
- BPE IT/MIS Procedure and Process Strengthening
- Identify optimal level of computerization to
achieve desired functionality and integrity - Identify and quantify need for customization to
support core and non-core BPE requirements - Assist development of specific MIS applications
18Bureau of Public EnterprisesFederal Republic of
Nigeria
- BPE Procedures and Processes Set Government
Target for Professionalism - Achieve greater functionality and integrity in
procurement processes - Help local consulting companies and enterprises
meet fair bidding criteria - Reduce insider transactions
- Increase number of bidders on assets
19Bureau of Public EnterprisesFederal Republic of
Nigeria
Director General
Operations
Planning Monitoring
Council Affairs
Finance Administration
Legal Services
20Bureau of Public EnterprisesFederal Republic of
Nigeria
Director General
Office of Director General Core Services
Infrastructure Networks
Natural Resources
Oil Gas
Industry Manufacturing
Services Sector
Transport Aviation
21Bureau of Public EnterprisesFederal Republic of
Nigeria
- Office of Director General Core Services
- Internal Support Functions
- External Relations Functions
- Monitoring and Compliance
- Oversight
22Bureau of Public EnterprisesFederal Republic of
Nigeria
- Internal Support Functions
- Central Administration
- Information Technology Systems
- Finance Accounts
- Human Resources
- General Counsel and Council Secretariat
23Bureau of Public EnterprisesFederal Republic of
Nigeria
- External Relations Functions
- Media Relations
- Issues Management
- Communications
- Marketing
24Bureau of Public EnterprisesFederal Republic of
Nigeria
- Monitoring and Compliance
- Program Planning
- Program Monitoring
- Research
25Bureau of Public EnterprisesFederal Republic of
Nigeria
- Oversight
- Internal Audit Due Process
- Anti-Corruption
26Bureau of Public EnterprisesFederal Republic of
Nigeria
- IBTCI Project Achievements
- World-class sustainable procurement system
incorporating World Bank Guidelines - Holistic programmatic and project approach to
successful privatisation program - 460 m. in privatisation revenues over 2 ½ years
- Increased capacity and ability of domestic
investors in national economic assets
27Bureau of Public EnterprisesFederal Republic of
Nigeria
- Privatisations Accomplished
- NAL Merchant Bank, Plc
- International Merchant Bank, Plc (IMB)
- UNIPETROL, Plc
- First Securities Bank International Bank, Plc
(FSB) - ASHAKACEM, Plc.
- WEST AFRICAN PORTLAND CEMENT, Plc (WAPCO)
- CEMENT COMPANY OF NORTHERN NIGERIA, Plc (CCNN)
- African Petroleum, Plc (AP)
- National Oil And Chemical Marketing Plc
- Benue Cement Company Plc (BCC)
- Nigercem Plc
- Assurance Bank of Nigeria (ABN)
- Afribank PLC
28Bureau of Public EnterprisesFederal Republic of
Nigeria
- Privatization Support Project Example of going
forward - IDA Credit-supported
- 1) National public awareness program
- 2) Lagos State Water Corporation
- 3) Future additional activities
29Bureau of Public EnterprisesFederal Republic of
Nigeria
- National Public Awareness Campaign Objectives
- Generate awareness and support for privatization
program - Improve privatization program transparency and
increase public trust by providing extensive
information - Attract potential domestic and foreign investors
- Strengthen sustainable regional communication
team - Shape public attitudes about privatization
through accountability
30Bureau of Public EnterprisesFederal Republic of
Nigeria
NATIONAL COORDINATING COMMUNICATION CONSULTANT,
ZONAL COMMUNICATION CONSULTANTS AND
ZCC-APPOINTED STATE REPRESENTATIVES
Corporate and Financial National Coordinating
Communication Consultant
Bureau of Public Enterprises Public Affairs Unit
ZCC South West 6 State Representatives
ZCC North West 7 State Representatives
ZCC South East 5 State Representatives
ZCC North East 6 State Representatives
Quarterly Zonal Workshops
ZCC South-South 7 State Representatives
ZCC North Central 6 State Representatives
31Bureau of Public EnterprisesFederal Republic of
Nigeria
- Lagos State Water Corporation Privatization
- Assist BPE and NPC by
- Review of preparation work to date
- Formulation of ownership structure and scope of
LSWC concession, activities, responsibilities - Conducting re-marketing and financial analysis
- Structuring transaction and prepare contract
- Managing bidding and transaction close-out