(a)
Implement
the Council’s policy on Commercialization.
(b)
Prepare
Public Enterprises approved by the Council for Commercialization
(c)
Advise
the Council on further Public Enterprise to be commercialized.
(d)
Ensure
the success of the Commercialization exercise and monitors on a continuous
basis for such period as may be considered necessary the operations of the
Public Enterprises after Commercialization.
(e)
Review
the objective for which Public Enterprises were established in order to ensure
that they adapt to the changing needs of the economy.
(f)
Ensure
that Public Enterprises are managed in accordance with sound commercial
principles and prudent financial practices.
(g)
Interface
with the Public Enterprises, together with the supervising ministries, in order
to ensure effective monitoring and save guarding of the Public Enterprises Managerial
Authority.
(h)
Ensure
that the board and management of each commercialized enterprise and the
Government of the Federation keeps to the terms and conditions of the
performance agreements if any between the Public Enterprise concerned and the
Government of the Federation.
(i)
Maintain
and review on a continuous basis any performance agreement between a Public
Enterprise and the Government of the Federation.
(j)
Evaluate
and recommend to the Council whether or not a Public Enterprise is eligible for
funding through grants, loans, subventions or equity and
(k)
Perform
such other functions with respect to Commercialization as the Council may from
time to time assign it[1].