Mr. Benjamin Dikki, the Director General of the bureau,
disclosed this during the end year workshop of the Commerce
and Industry Correspondence Association of Nigeria (CICAN)
in Lagos, saying “Government is riding on the success story of
the previously privatised Public Enterprises, PEs, such as
banking, power, telecom, marine, steel sectors of the economy,
etc.
According to him “Today, the banking and finance sector is
the most developed sector in Nigeria, efficiently and effectively
responsible for implementing all government’s economic and
financial policies under the regulation of the Central Bank of
Nigeria, CBN
‘The reform of the telecom sector remains the most
successful in terms of its impact on the economy. For
example, Nigeria’s tele-density has been raised from 450,000
telephone lines in 2001 to over 134.5 million as at September,
2014; today, telecom contributions to the GDP is now 8.53 per
cent , compared to less than 3 percent in 2001.”
Still stressing on the benefits of the reforms and privatisation,
he said “Eleme Petrochemical Company has been revitalised
and producing at over 99 percent capacity and has been
consistently paying over N4, 000.00 as dividend per share.
Cement companies have been revived, expanded and made
profitable, etc.”
Dikki, stated that to sustain the gains of past reforms and
privatisation and enhance the enabling environment for private
capital participation in the Nigerian economy, BPE has
prepared eight critical bills targeted for passage into law.
The bills are roads authority bill, railway bill, port and habour
bill, inland water ways bills; Roads fund bill; National
transport commission bill, federal competition and consumer
protection bill as well as postal bill.
Additionally, Dikki said that besides these bills, the bureau is
working with the relevant ministries to reform Sports, Tourism,
Health and Housing sectors of the country by reviewing the
policy, legal and regulatory frameworks for these sectors.
In her presentation, Dr. Gloria Elemo Director General, Federal
Institute of Research Oshodi (FIIRO, said that research and
development are a very potent benefit of research to economic
development is the transformation substitution
industrialization to export oriented industrialisation.
According to Elemo, it is on record that whereas Research and
Development, R& D investments in most European Union, EU
and some Asian countries lies between 1.5 percent and three
percent of the GDP, most developing countries invest much
less than one percent of GDP in R& D accounting for a meager
0.11 percent of GDP. The R& D investments in Nigeria only
accounts for 0.01 percent of global expenditure on R& D.
Consequently, Nigeria ranked 94 out of 134 nations in the
global competitiveness index in 2010 and has no university
ranked in the world’s top 500.



http://www.vanguardngr.com/2014/12/fg-privatise-railways-inland-waterways-6-others-2015/

With all these reformation I belive more fresh air is on the horizon.