May 28, 2017

FG WASTED N1.6 TRILLION ON 600 PUBLIC ENTERPRISES– BPE

FG WASTED N1.6 TRILLION ON 600 PUBLIC ENTERPRISES– BPE

FG wasted N1.6tn on 600 public enterprises – BPE

By Everest Amaefule

YD2205
DG Bureau of Public Enterprises, Benjamin Dikki
DG Bureau of Public Enterprises, Benjamin Dikki

 

The Federal Government on Monday said its investment of N1.6tn over the years in 600 public enterprises was a drain on the public treasury.

The Director-General, Bureau of Enterprises, Mr. Benjamin Dikki, said this while speaking to members of a gold club.

A statement made available to our correspondent on Monday by the bureau’s Head of Public Communication, Mr. Chigbo Anichebe, quoted the BPE boss as saying there were no corresponding returns on the investments as the enterprises remained a drain pipe.

 

Read more here.

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