FUNCTIONS OF THE BUREAU WITH RESPECT TO COMMERCIALIZATION

(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