S.3
of the BPEs Decree No. 78, 1993, provides for the functions of the Bureau. With
respect to privatization, the bureau shall;
a.
Implement
the Council policy on Privatization.
b.
Prepare
Public Enterprise approved by the Council for Privatization.
c.
Advise
the Council on further Public Enterprise to be privatized.
d.
Advise
the Council on the capital restructuring needs of the Public Enterprise to be
privatized.
e.
Carry
out all activities required for the successful issue of shares and sale of
assets of the Public Enterprises to be privatized.
f.
Make
recommendations to the Council on the appointment of consultants, and advisers,
investment bankers issuing houses, stock brokers, solicitors, trusted
accountants, and other professionals required for the purposes of Privatization.
g.
Advice
the Council on the allotment pattern for the sale of the shares of the Public
Enterprises set out for Privatization.
h.
Oversee
the actual sale of shares of the Public Enterprise, by the issue houses, in
accordance with the guidelines approved from time to time by the Council.
i.
Ensure
the success of the Privatization exercise taking into account the need for
balance and meaningful participation by Nigerians and Foreigners in accordance
with the relevant laws of Nigeria.
j.
Perform
such functions with respect to Privatization as the Council may, from time to
time assign to it[1].