According to the Director General of the Bureau of Public Enterprises, Mr. Alex Okoh, the main objective of the advisory service is to restructure and reposition the RBDAs for partial commercialization for optimum performance. He further stated that the scope of work by Agri-Africa Consultant A & E Law Partnership Consortium was to provide the requisite advice and support required for the Federal Government to successfully implement the partial commercialization of the RBDAs in a manner consistent with relevant national policies, laws and international best practices. Work among others include;conduct of Diagnostic Study on the four RBDAs, define their business objectives and develop a strategic plan to achieve its operational goals. Also, to identify, verify, record, classify and value the key assets of the RBDAs including status of title documents of their lands.
It is also to implement in conjunction with the BPE, the Partial Commercialization of the four RBDAs, develop quality management system, chart of Accounts and opening balance sheets for the 4 RBDAs based on internationally acceptable standards and introduce operational tools developed through a one-off training. According to the statement, the Advisers shall Incorporate,Restructure and Reposition the four named RBDAs to be self-sustaining.
On his part, the Team Leader of the Agri-Africa Consultant A & E Law Partnership Consortium, Mr. Chibuzo Ekwekwuo expressed gratitude for the opportunity availed the consortium to serve the nation,adding that the consortium had assembled a credible team within and outside the country to deliver the project in a manner that targeted results and outputs will be produced. He assured of their commitment and dedication to the assignment.
FG Begins Partial Commercialization of Four River Basin Development Authorities
17 December, 2018
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