The Bureau of Public Enterprises (BPE) has said that Nigeria is creating an enabling environment to generate over 50 million jobs for the teeming unemployed Nigerians. A statement by the BPE on Tuesday said the move is to deliver sustained and inclusive growth.

While showcasing the scorecard and its milestone achievements in Abuja, the Director General of BPE, Ayodeji Gbeleyi, explained that the federal government was working to generate jobs by fostering a favourable business environment through policy reforms and infrastructure development, supporting entrepreneurship, promoting skills training, and investing in sectors. According to him, the Bureau is liberalising the economy through the privatisation of state-owned enterprises to create jobs and to attract direct investment.

Gbeleyi explained that in terms of policy objectives of the privatisation programme, the aim is to reduce inefficiencies and optimise state-owned enterprises, infuse private capital, technology, and innovation, dismantle monopolies and reduce debt borrowing, attract foreign direct investment, and create jobs. He explained that the government is focusing on social sectors, on human capital development, education, health, and social development, in particular, complementing the fiscal and revenue resources of governments. ”We have driven revenue generation by focusing on 15 strategic projects to generate N312.3 billion for the 2025 appropriation through asset sales and privatisation”. Mr Gbeleyi.

The DG BPE explained that the Presidential Metering Initiative (PMI) is delivering 2.5 million meters to Nigerians to address the metering gap. The program approved by President Bola Tinubu to address the country’s metering gap by deploying over 7 million smart meters to end estimated billing, reduce energy losses, increase revenue for distribution companies, and create over 20,000 jobs. On pre-reform in the telecom sector, the DG said Nigeria at one point barely had 400,000 telephone lines that were hardly working, a monopolised market by NITEL and ENTEL.

“As of the end of July this year, telephone subscribers in the country were 169.3 million. Tele-density 78.11%. Internet subscription at 138.7 million. Broadband subscription of 104.1 million. Penetration of 48.81%. (10:12) Contribution to GDP.” Gbeleyi noted. Gbeleyi maintained that under the renewed Hope Agenda of President Bola Tinubu, the Bureau was committed to driving inclusive economic growth and sustainable development. He highlighted eight focus areas for the Renewed Hope agenda to include reforming the economy to deliver sustainable, inclusive growth.

The second one is to enhance infrastructure and transportation, and unlock energy and national resources for sustainable development. Others are on education, health, and social investment, boosting agriculture to achieve food security, accelerated diversification through industrialisation, digitisation, creative industries, manufacturing, and technological security for peace and prosperity.

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