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Home Finance | Insurance | Pension

BIPC to takeover Moribund Benue Government Assets

EconomyFoot Print by EconomyFoot Print
January 23, 2024
in Finance | Insurance | Pension, Top News
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Benue Investment and Property Company Limited (BIPC) has disclosed plans to takeover moribund companies and other poor performing assets belonging to the Benue State Government for optimisation.
The Managing Director, Benue Investment & Property Company Limited, Dr. Raymond Asemakaha who disclosed this on Tuesday at a press briefing in Makurdi said BIPC has commenced the discussion with Governor Hyacinth Iormem Alia.
“Already we have initiated discussions with the state government to transfer moribund industries and other properties to the company to ensure proper management on behalf of the state. We desire to consolidate the non-performing assets of the Company in Abuja and Kaduna to make sure that we revamp moribund industries in the state thereby creating employment and curtailing post-harvest losses” he said in his speech.
He also said BIPC is leading reforms that will make Benue state a delight to all investors..
‘The BIPC under my watch will be service-driven as such we are creating a One-stop-shop where investors can get all the information, process, and amount needed to do business in the state. All the assets of the state will be registered and a special desk officer created to provide such information” he said
Dr. Asemekaha also announced the launch of the “website, (www.bipc.be.gov.ng) to offer diverse information on how business can be done. All this is put in place so we could have ease of doing business in the state.”
According to him, “BIPC will from 1st March 2024 go digital in all its operations. We have set up the structure for that transition and on that day all manual processes will be suspended for automated one.”
Speaking on the Benue Local Investors Forum (BELIF2023) that was recently held, he said there positive outcomes.
“Our aspirations are that in the last quarter of this year, we shall organize the Beninvest 2024 Summit, where we shall usher in state economic prosperity similar to or more than that obtainable in Kaduna. With the summit, our target will be to make Benue State the number one investment destination in Nigeria, thereby attracting both foreign and local investment” he assured.

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