The body charged with divesting government interests in public enterprises is?
Answer Details
The body charged with divesting government interests in public enterprises is the Bureau of Public Enterprises (BPE).
The BPE is a Nigerian government agency responsible for the privatization and commercialization of public enterprises in Nigeria. Its main function is to divest the government's interests in public enterprises by selling them to private investors. This process is intended to improve the efficiency and profitability of the enterprises, as well as to reduce the government's financial burden.
For example, if the government owns a power generation company, the BPE would be responsible for organizing the sale of the company to a private investor or group of investors. The BPE would manage the process of identifying potential investors, evaluating bids, and ensuring that the sale is conducted transparently and in accordance with Nigerian laws and regulations.
Overall, the BPE plays a critical role in the Nigerian government's efforts to promote private sector participation in the economy and to reduce the government's role in the ownership and management of public enterprises.