Home / Agriculture / BPE AND TRANSACTION ADVISER ORGANIZE THREE DAY TRAINING FOR CAPACITY BUILDING

BPE AND TRANSACTION ADVISER ORGANIZE THREE DAY TRAINING FOR CAPACITY BUILDING

The Minister of Water Resources, Engr. Suleiman Adamu says the need to reform the nation’s River Basin Development Authorities (RBDAs) is to seek alternative sources of funding to shore up their revenue base and make them self-reliant.

He stated this while declaring open a three-day business implementation training on the partial commercialization of four pilot River Basin Development Authorities (RBDAs) in Abuja, adding that the Federal Government is aware of the challenges facing the RBDAS.

He reiterated that the reform of the RBDAs was not privatization but partial commercialization to make them economically viable, self-reliant, and sustainable even as he assured of no job losses.

The Minister commended the Bureau of Public Enterprises (BPE) and the Transaction Adviser for organizing the training aimed at building requisite capacity for the RBDA’s staff and other relevant actors towards a successful commercialization of the pilot projects.

In his remark, the Director-General of the Bureau of Public Enterprises, Dr. Alex A. Okoh reiterated the Federal Government’s unwavering commitment to the promotion of private sector participation in the operation, management, and maintenance of the RBDAs without divesting its shares.

It will be recalled that the Federal Ministry of Water Resources in collaboration with the Bureau of Public Enterprises (BPE) have selected four (4) River Basin Development Authorities namely: Ogun -Osun RBDA, Upper -Niger RBDA, Sokoto -Rima Basin RBDA, and Niger- Delta RBDA for phased pilot partial Commercialisation.

The specific economic benefits of reform and commercialization of the RBDAs are improved efficiency, effectiveness, and cost-consciousness while also significantly reducing dependence on Federal Government for funding.

Others are realistic capital structures and improved ability to access private capital for investment in the infrastructure of the RBDAs and also creating employment for a large number of youth in rural areas.

Princess Sobura Usman

About HARRIS SIDI SIRAJO

Check Also

NECO: NO EXTENTION OF REGISTRATION PERIOD FOR THE 2021 (SSCE) FOR SCHOOL BASED CANDIDATES

The National Examinations Council (NECO) says it will not extend the registration period for the …